Insider Buying: Obsidian Energy (TSE:OBE) Director Buys 5,600 Shares of Stock

Obsidian Energy Ltd. (TSE:OBE - Get Free Report) Director Edward Hume Kernaghan bought 5,600 shares of the company's stock in a transaction that occurred on Monday, November 3rd. The shares were bought at an average price of C$7.85 per share, for a total transaction of C$43,960.00. Following the acquisition, the director directly owned 3,704,314 shares of the company's stock, valued at C$29,078,864.90. This represents a 0.15% increase in their position.Edward Hume Kernaghan also recently made the following trade(s): On Monday, November 3rd, Edward Hume Kernaghan purchased 2,200 shares of Obsidian Energy stock. The shares were bought at an average cost of C$7.96 per share, for a total transaction of C$17,512.00. On Monday, November 3rd, Edward Hume Kernaghan acquired 3,200 shares of Obsidian Energy stock. The shares were bought at an average price of C$7.95 per share, for a total transaction of C$25,440.00. On Monday, November 3rd, Edward Hume Kernaghan bought 4,700 shares of Obsidian Energy stock. The stock was purchased at an average cost of C$7.94 per share, with a total value of C$37,318.00. On Monday, November 3rd, Edward Hume Kernaghan purchased 800 shares of Obsidian Energy stock. The stock was purchased at an average price of C$7.78 per share, with a total value of C$6,224.00. On Monday, November 3rd, Edward Hume Kernaghan bought 1,000 shares of Obsidian Energy stock. The stock was purchased at an average price of C$7.75 per share, with a total value of C$7,750.00. On Tuesday, November 4th, Edward Hume Kernaghan purchased 6,900 shares of Obsidian Energy stock. The shares were acquired at an average cost of C$7.85 per share, for a total transaction of C$54,165.00. On Tuesday, November 4th, Edward Hume Kernaghan acquired 400 shares of Obsidian Energy stock. The stock was bought at an average cost of C$7.85 per share, for a total transaction of C$3,140.00. On Tuesday, November 4th, Edward Hume Kernaghan acquired 1,300 shares of Obsidian Energy stock. The stock was acquired at an average price of C$7.83 per share, with a total value of C$10,179.00. On Tuesday, November 4th, Edward Hume Kernaghan bought 100 shares of Obsidian Energy stock. The stock was purchased at an average cost of C$7.83 per share, for a total transaction of C$783.00. On Tuesday, November 4th, Edward Hume Kernaghan bought 500 shares of Obsidian Energy stock. The stock was acquired at an average price of C$7.80 per share, for a total transaction of C$3,900.00. Get Obsidian Energy alerts:Obsidian Energy Trading Up 2.5%TSE OBE traded up C$0.20 on Friday, reaching C$8.22. The company had a trading volume of 282,634 shares, compared to its average volume of 324,178. The firm has a market cap of C$551.69 million, a price-to-earnings ratio of -2.69, a P/E/G ratio of 0.08 and a beta of -0.07. Obsidian Energy Ltd. has a fifty-two week low of C$5.35 and a fifty-two week high of C$9.86. The business has a 50 day moving average of C$8.56 and a two-hundred day moving average of C$7.79. The company has a debt-to-equity ratio of 20.55, a current ratio of 0.45 and a quick ratio of 0.41. Wall Street Analyst Weigh InSeparately, Royal Bank Of Canada lifted their target price on Obsidian Energy from C$9.00 to C$9.50 and gave the company a "sector perform" rating in a report on Tuesday, October 7th. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of C$10.83.Get Our Latest Stock Report on Obsidian EnergyAbout Obsidian Energy (Get Free Report)Obsidian Energy Ltd, is an intermediate-sized oil and gas producer with strategic assets in Alberta. It operates in a single reporting segment that is exploration, development and holding an interest in oil and natural gas properties and related production infrastructure in the Western Canada Sedimentary Basin.See AlsoFive stocks we like better than Obsidian EnergyTrading Stocks: RSI and Why it's UsefulDave Stock: 180% Gain + Q3 Beat = Breakout Setup?Buy P&G Now, Before It Sets A New All-Time HighCameco Stock Falls After Earnings, Why the Dip May Be a GiftHow to start investing in penny stocksAmgen Stock: New All-Time Highs Ahead After Earnings BeatThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Obsidian Energy Right Now?Before you consider Obsidian Energy, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Obsidian Energy wasn't on the list.While Obsidian Energy currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here