Obsidian Energy Ltd. (TSE:OBE – Get Free Report) shares reached a new 52-week low during trading on Thursday . The stock traded as low as C$7.57 and last traded at C$7.64, with a volume of 16629 shares traded. The stock had previously closed at C$7.78.
Wall Street Analyst Weigh In
Separately, Royal Bank of Canada decreased their price objective on Obsidian Energy from C$15.00 to C$13.00 in a research note on Tuesday, September 17th.
Get Our Latest Analysis on OBE
Obsidian Energy Stock Performance
Obsidian Energy (TSE:OBE – Get Free Report) last issued its quarterly earnings results on Thursday, August 1st. The company reported C$0.46 earnings per share (EPS) for the quarter. Obsidian Energy had a return on equity of 6.56% and a net margin of 15.81%. The business had revenue of C$208.40 million for the quarter.
Insider Activity at Obsidian Energy
In other Obsidian Energy news, Director Michael Faust purchased 40,200 shares of the stock in a transaction on Tuesday, August 6th. The stock was acquired at an average price of C$6.21 per share, with a total value of C$249,654.06. In related news, Director Michael Faust purchased 40,200 shares of the business’s stock in a transaction on Tuesday, August 6th. The shares were acquired at an average price of C$6.21 per share, for a total transaction of C$249,654.06. Also, Director Gordon Malcolm Ritchie acquired 11,000 shares of the stock in a transaction dated Thursday, September 5th. The shares were bought at an average price of C$7.99 per share, with a total value of C$87,890.00. 1.35% of the stock is currently owned by corporate insiders.
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.
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