Obsidian Energy (TSE:OBE)‘s stock had its “market perform” rating reissued by Raymond James in a research note issued to investors on Monday, BayStreet.CA reports. They currently have a C$0.50 price target on the stock. Raymond James’ target price suggests a potential upside of 21.95% from the stock’s current price.
Other equities analysts have also issued research reports about the company. BMO Capital Markets dropped their target price on Obsidian Energy from C$0.70 to C$0.50 in a report on Tuesday, February 12th. CIBC dropped their target price on Obsidian Energy from C$1.10 to C$1.00 in a report on Tuesday, February 12th. TD Securities dropped their target price on Obsidian Energy from C$0.95 to C$0.65 and set a “buy” rating on the stock in a report on Tuesday, February 12th. Canaccord Genuity lowered Obsidian Energy from a “speculative buy” rating to a “hold” rating and dropped their target price for the company from C$0.75 to C$0.40 in a report on Friday, March 8th. Finally, AltaCorp Capital lowered Obsidian Energy from an “outperform” rating to a “sector perform” rating in a report on Friday, March 8th. Six analysts have rated the stock with a hold rating, The company currently has a consensus rating of “Hold” and a consensus target price of C$0.77.
Obsidian Energy stock opened at C$0.41 on Monday. Obsidian Energy has a twelve month low of C$0.35 and a twelve month high of C$1.59. The company has a debt-to-equity ratio of 32.33, a quick ratio of 0.40 and a current ratio of 0.46. The firm has a market cap of $214.55 million and a PE ratio of -0.71.
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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