Obsidian Energy (TSE:OBE) Shares Gap Up to $1.68

Obsidian Energy Ltd. (TSE:OBE) shares gapped up before the market opened on Thursday . The stock had previously closed at C$1.68, but opened at C$1.84. Obsidian Energy shares last traded at C$1.82, with a volume of 16,397 shares traded.

Separately, Raymond James reiterated a “market perform” rating and set a C$1.00 target price on shares of Obsidian Energy in a report on Friday, February 26th.

The firm has a market cap of C$138.95 million and a P/E ratio of -0.11. 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 fifty day moving average of C$1.33 and a 200-day moving average of C$0.79.

In related news, Director John Brydson sold 49,000 shares of the company’s stock in a transaction dated 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 sale, 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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