GMP Securities Raises Obsidian Energy (TSE:OBE) Price Target to C$1.75

Obsidian Energy (TSE:OBE) had its price objective raised by GMP Securities from C$0.40 to C$1.75 in a research report report published on Friday, June 28th, BayStreet.CA reports.

OBE has been the subject of several other reports. National Bank Financial reduced their price objective on Yangarra Resources from C$5.50 to C$5.00 and set an outperform rating for the company in a research note on Tuesday, June 25th. TD Securities downgraded Obsidian Energy from a buy rating to a hold rating and reduced their price objective for the stock from C$0.65 to C$0.50 in a research note on Monday, March 11th. Canaccord Genuity set a $450.00 price objective on Tesla and gave the stock a buy rating in a research note on Friday, March 8th. AltaCorp Capital downgraded Obsidian Energy from an outperform rating to a sector perform rating in a research note on Friday, March 8th. Finally, Raymond James set a C$0.50 price objective on Obsidian Energy and gave the stock a market perform rating in a research note on Tuesday, May 21st. Six investment analysts have rated the stock with a hold rating, The company has a consensus rating of Hold and an average target price of C$1.31.

Shares of TSE OBE traded down C$0.01 during mid-day trading on Friday, hitting C$1.27. 44,600 shares of the company traded hands, compared to its average volume of 92,681. Obsidian Energy has a 1 year low of C$1.27 and a 1 year high of C$9.94. The firm has a market cap of $92.69 million and a PE ratio of -0.31. The company has a quick ratio of 0.40, a current ratio of 0.46 and a debt-to-equity ratio of 32.33. The business’s 50 day moving average is C$1.25.

Obsidian Energy (TSE:OBE) last announced its quarterly earnings data on Friday, May 10th. The company reported C($0.11) earnings per share (EPS) for the quarter. The company had revenue of C$103.00 million during the quarter. As a group, equities analysts expect that Obsidian Energy will post -0.17 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. 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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