TD Securities Trims Obsidian Energy (OBE) Target Price to C$1.25

Obsidian Energy (TSE:OBE) had its target price trimmed by TD Securities from C$2.00 to C$1.25 in a research note released on Friday. The firm currently has a buy rating on the stock.

A number of other research firms have also recently weighed in on OBE. CIBC upped their price target on Obsidian Energy from C$1.50 to C$1.75 in a report on Friday, July 20th. National Bank Financial decreased their price target on Obsidian Energy from C$2.25 to C$2.00 and set a sector perform rating for the company in a report on Friday, August 3rd. Raymond James decreased their price target on Obsidian Energy from C$2.50 to C$2.25 in a report on Friday, October 5th. BMO Capital Markets decreased their price target on Obsidian Energy from C$1.60 to C$1.35 in a report on Tuesday, October 9th. Finally, Royal Bank of Canada reduced their target price on Obsidian Energy from C$2.00 to C$1.50 and set a sector perform rating for the company in a research note on Friday. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the stock. The company has an average rating of Hold and an average price target of C$1.64.

TSE OBE traded down C$0.07 on Friday, reaching C$0.82. The company had a trading volume of 522,800 shares, compared to its average volume of 421,769. Obsidian Energy has a 1 year low of C$0.82 and a 1 year high of C$1.85. 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 (TSE:OBE) last released its quarterly earnings results on Thursday, November 8th. The company reported C($0.06) earnings per share for the quarter. The business had revenue of C$124.00 million during the quarter. As a group, sell-side analysts forecast that Obsidian Energy will post -0.119999997073171 EPS for the current fiscal year.

About Obsidian Energy

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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