Obsidian Energy (TSE:OBE) Hits New 1-Year Low - Here's Why

Market Beat
2025.04.06 15:54
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Obsidian Energy (TSE:OBE) has reached a new 52-week low of C$6.67, down 12.3% from its previous close of C$7.48. Analysts have adjusted their price targets, with Royal Bank of Canada lowering it from C$13.00 to C$12.00, while BMO Capital Markets raised it from C$12.00 to C$14.00. The company has a market cap of C$498.60 million and a PE ratio of 4.27. Recent insider trading includes a sale of 25,000 shares by Senior Officer Mark Kristian Rodger Hawkins and a purchase of 4,229 shares by Director Gordon Malcolm Ritchie.