Obsidian Energy (TSE:OBE) had its price objective lowered by equities research analysts at National Bank Financial from C$1.75 to C$1.00 in a research report issued on Tuesday, BayStreet.CA reports. The firm presently has a “sector perform” rating on the stock. National Bank Financial’s price target would indicate a potential upside of 40.85% from the stock’s current price.
A number of other research firms have also recently weighed in on OBE. Raymond James reissued an “underperform” rating and issued a C$0.25 price objective on shares of Obsidian Energy in a research report on Tuesday, November 5th. BMO Capital Markets cut their target price on shares of Obsidian Energy from C$1.50 to C$1.25 and set an “underperform” rating on the stock in a research note on Thursday, August 29th. Finally, TD Securities cut their target price on shares of Obsidian Energy from C$1.20 to C$0.90 and set a “hold” rating on the stock in a research note on Tuesday, November 5th. Two research analysts have rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. Obsidian Energy has an average rating of “Hold” and an average target price of C$1.08.
TSE:OBE opened at C$0.71 on Tuesday. The company has a debt-to-equity ratio of 35.92, a current ratio of 1.01 and a quick ratio of 0.34. The firm has a 50-day moving average of C$0.79 and a two-hundred day moving average of C$1.08. The stock has a market cap of $45.99 million and a P/E ratio of -0.14. Obsidian Energy has a 1-year low of C$0.51 and a 1-year high of C$5.18.
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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