Obsidian Energy (OBE) Given New C$1.25 Price Target at CIBC

Obsidian Energy (TSE:OBE) had its target price trimmed by CIBC from C$1.50 to C$1.25 in a research note released on Thursday morning.

Other equities research analysts have also issued research reports about the stock. Canaccord Genuity reduced their price target on shares of Obsidian Energy from C$1.80 to C$1.40 in a research report on Friday, November 9th. BMO Capital Markets reduced their price target on shares of Obsidian Energy from C$1.35 to C$1.00 in a research report on Friday, November 9th. Raymond James reduced their price target on shares of Obsidian Energy from C$2.50 to C$2.25 in a research report on Friday, October 5th. TD Securities reduced their price target on shares of Obsidian Energy from C$2.00 to C$1.25 and set a buy rating for the company in a research report on Friday, November 9th. Finally, National Bank Financial reduced their price target on shares of Obsidian Energy from C$2.00 to C$1.75 and set an outperform rating for the company in a research report on Friday, November 9th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Obsidian Energy currently has a consensus rating of Buy and a consensus price target of C$1.42.

Shares of TSE OBE traded down C$0.04 during midday trading on Thursday, hitting C$0.70. 146,754 shares of the company’s stock traded hands, compared to its average volume of 417,777. Obsidian Energy has a 1 year low of C$0.67 and a 1 year high of C$1.85. The company has a quick ratio of 0.32, a current ratio of 0.39 and a debt-to-equity ratio of 19.90.

Obsidian Energy (TSE:OBE) last released its quarterly earnings results 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. On average, equities analysts predict that Obsidian Energy will post -0.1299999948 EPS for the current fiscal 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.

Read More: Buyback For Investors Defined

Analyst Recommendations for Obsidian Energy (TSE:OBE)

Receive News & Ratings for Obsidian Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Obsidian Energy and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply