Obsidian Energy (TSE:OBE) Hits New 1-Year High at $1.57

Obsidian Energy Ltd. (TSE:OBE) shares hit a new 52-week high during trading on Tuesday . The stock traded as high as C$1.57 and last traded at C$1.57, with a volume of 44148 shares changing hands. The stock had previously closed at C$1.48.

Separately, Raymond James set a C$1.00 price objective on Obsidian Energy and gave the company a “market perform” rating in a report on Friday.

The firm has a market cap of C$115.42 million and a PE ratio of -0.08. The company has a quick ratio of 0.41, a current ratio of 0.58 and a debt-to-equity ratio of 146.27. The firm has a 50-day moving average price of C$1.22 and a two-hundred day moving average price of C$0.72.

In related news, Director John Brydson sold 49,000 shares of Obsidian Energy stock in a transaction that occurred on Wednesday, December 9th. The stock was sold at an average price of C$0.65, for a total transaction of C$31,693.20. Following the transaction, the director now owns 358,571 shares in the company, valued at C$231,923.72.

About Obsidian Energy (TSE:OBE)

Obsidian Energy Ltd. explores for, develops, and holds interests in oil and natural gas properties and related production infrastructure in the Western Canada Sedimentary Basin. The company was formerly known as Penn West Petroleum Ltd. and changed its name to Obsidian Energy Ltd. in June 2017. Obsidian Energy Ltd.

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