Obsidian Energy (OBE) Price Target Cut to C$1.50

Obsidian Energy (TSE:OBE) had its price objective trimmed by Royal Bank of Canada from C$2.00 to C$1.50 in a report issued on Friday. The firm currently has a sector perform rating on the stock.

Several other analysts also recently commented on the stock. Canaccord Genuity dropped their price objective on shares of Obsidian Energy from C$1.80 to C$1.40 in a report on Friday. BMO Capital Markets dropped their price objective on shares of Obsidian Energy from C$1.35 to C$1.00 in a report on Friday. National Bank Financial dropped their price objective on shares of Obsidian Energy from C$2.00 to C$1.75 and set an outperform rating on the stock in a report on Friday. Raymond James dropped their price objective on shares of Obsidian Energy from C$2.50 to C$2.25 in a report on Friday, October 5th. Finally, CIBC upped their price objective on shares of Obsidian Energy from C$1.50 to C$1.75 in a report on Friday, July 20th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company’s stock. The company presently has an average rating of Hold and an average price target of C$1.64.

Obsidian Energy stock traded down C$0.07 during mid-day trading on Friday, reaching C$0.82. 522,800 shares of the company traded hands, compared to its average volume of 421,769. The company has a debt-to-equity ratio of 20.16, a quick ratio of 0.38 and a current ratio of 0.46. Obsidian Energy has a fifty-two week low of C$0.82 and a fifty-two week high of C$1.85.

Obsidian Energy (TSE:OBE) last released its quarterly earnings data on Thursday, November 8th. The company reported C($0.06) EPS for the quarter. The firm had revenue of C$124.00 million for the quarter. Sell-side analysts anticipate that Obsidian Energy will post -0.119999997073171 earnings per share for the current year.

Obsidian Energy Company Profile

Obsidian Energy Ltd. explores for, develops, and produces oil and natural gas in western Canada. The company primarily holds interests in the Cardium development area that covers an area of approximately 450 net sections of developed and undeveloped land located in west central Alberta; Peace River development area covering an area of 235 net sections of developed and undeveloped land located in northwestern Alberta; and Viking development area that covers an area of approximately 170 net sections of developed and undeveloped land located in Eastern Alberta.

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Analyst Recommendations for Obsidian Energy (TSE:OBE)

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