Obsidian Energy (TSE:OBE) had its price objective trimmed by National Bank Financial from C$1.75 to C$1.00 in a report issued on Tuesday, BayStreet.CA reports. The firm currently has a sector perform rating on the stock.
Other research analysts also recently issued research reports about the company. BMO Capital Markets lowered their price target on Obsidian Energy from C$1.50 to C$1.25 and set an underperform rating on the stock in a report on Thursday, August 29th. Raymond James reissued an underperform rating and issued a C$0.25 price objective on shares of Obsidian Energy in a research note on Tuesday, November 5th. Finally, TD Securities decreased their price objective on Obsidian Energy from C$1.20 to C$0.90 and set a hold rating for the company in a research report on Tuesday, November 5th. Two equities research analysts have rated the stock with a sell rating and four have assigned a hold rating to the stock. The company currently has a consensus rating of Hold and an average price target of C$1.08.
Obsidian Energy stock opened at C$0.71 on Tuesday. The company has a 50 day moving average price of C$0.78 and a 200 day moving average price of C$1.08. Obsidian Energy has a 52 week low of C$0.51 and a 52 week high of C$5.18. The company has a debt-to-equity ratio of 35.92, a quick ratio of 0.34 and a current ratio of 1.01. The firm has a market capitalization of $51.83 million and a price-to-earnings ratio of -0.14.
Obsidian Energy (TSE:OBE) last announced its earnings results on Monday, November 4th. The company reported C($0.38) earnings per share (EPS) for the quarter. The business had revenue of C$94.00 million for the quarter. Equities analysts forecast that Obsidian Energy will post -1.64 earnings per share for the current fiscal year.
Obsidian Energy Company Profile
Obsidian Energy Ltd. explores for, develops, and produces oil and natural gas in western Canada. It holds interests in the Alberta Viking, Cardium, Deep Basin, and Peace River areas. 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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