Obsidian Energy Ltd. (TSE:OBE) Director Gordon Malcolm Ritchie Purchases 4,229 Shares

Obsidian Energy Ltd. (TSE:OBE) Director Gordon Malcolm Ritchie acquired 4,229 shares of the firm’s stock in a transaction dated Thursday, February 27th. The shares were purchased at an average cost of C$7.94 per share, for a total transaction of C$33,578.26.

Obsidian Energy Price Performance

Obsidian Energy stock opened at C$7.91 on Friday. The business has a 50 day simple moving average of C$7.96 and a 200 day simple moving average of C$8.12. The company has a debt-to-equity ratio of 20.55, a current ratio of 0.45 and a quick ratio of 0.41. Obsidian Energy Ltd. has a one year low of C$7.02 and a one year high of C$12.37. The company has a market capitalization of C$601.20 million, a PE ratio of 5.15, a price-to-earnings-growth ratio of 0.08 and a beta of 2.30.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Royal Bank of Canada cut their target price on Obsidian Energy from C$13.00 to C$12.00 in a research report on Tuesday, January 14th. BMO Capital Markets raised their target price on Obsidian Energy from C$12.00 to C$14.00 in a research report on Thursday, February 20th.

About Obsidian Energy

Obsidian Energy Ltd. engages in the exploration, production, and development of oil and natural gas properties in the Western Canada. The company was formerly known as Penn West Petroleum Ltd. and changed its name to Obsidian Energy Ltd. in June 2017. Obsidian Energy Ltd. is headquartered in Calgary, Canada.