Obsidian Energy Ltd (TSE:OBE) Receives Average Recommendation of “Hold” from Brokerages

Shares of Obsidian Energy Ltd (TSE:OBE) have earned a consensus recommendation of “Hold” from the nine research firms that are presently covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is C$1.18.

Several research analysts recently issued reports on OBE shares. TD Securities decreased their price target on shares of Obsidian Energy from C$1.20 to C$0.90 and set a “hold” rating for the company in a research note on Tuesday, November 5th. Raymond James reiterated an “underperform” rating and issued a C$0.25 price target on shares of Obsidian Energy in a research note on Tuesday, November 5th. National Bank Financial decreased their price target on shares of Obsidian Energy from C$2.25 to C$1.75 and set a “sector perform” rating for the company in a research note on Wednesday, August 28th. Finally, BMO Capital Markets decreased their price target on shares of Obsidian Energy from C$1.50 to C$1.25 and set an “underperform” rating for the company in a research note on Thursday, August 29th.

Shares of TSE OBE opened at C$0.81 on Thursday. The company has a current ratio of 1.01, a quick ratio of 0.29 and a debt-to-equity ratio of 35.92. Obsidian Energy has a 12 month low of C$0.77 and a 12 month high of C$5.81. The firm has a market capitalization of $57.67 million and a PE ratio of -0.17. The firm has a fifty day simple moving average of C$0.93 and a two-hundred day simple moving average of C$1.05.

Obsidian Energy (TSE:OBE) last issued its quarterly earnings data on Wednesday, August 14th. The company reported C($0.81) EPS for the quarter. The business had revenue of C$102.00 million for the quarter. On average, sell-side analysts predict that Obsidian Energy will post -1.7000001 earnings per share for the current year.

About Obsidian Energy

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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Analyst Recommendations for Obsidian Energy (TSE:OBE)

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