Obsidian Energy (TSE:OBE) Sets New 1-Year Low at $1.01

Obsidian Energy Ltd (TSE:OBE) shares hit a new 52-week low on Wednesday . The company traded as low as C$1.01 and last traded at C$1.01, with a volume of 74517 shares changing hands. The stock had previously closed at C$1.09.

Several brokerages have recently commented on OBE. BMO Capital Markets decreased their price target on 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. Raymond James decreased their price target on Obsidian Energy from C$2.00 to C$1.00 and set an “underperform” rating on the stock in a research note on Wednesday, September 11th. Canaccord Genuity decreased their price target on Obsidian Energy from C$2.80 to C$1.50 in a research note on Tuesday, July 9th. TD Securities decreased their price target on Obsidian Energy from C$1.85 to C$1.30 and set a “hold” rating on the stock in a research note on Thursday, August 29th. Finally, GMP Securities boosted their price target on Obsidian Energy from C$0.40 to C$1.75 in a research note on Friday, June 28th. Two investment analysts have rated the stock with a sell rating and five have issued a hold rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of C$1.32.

The company has a 50 day moving average price of C$1.31 and a 200 day moving average price of C$0.96. The firm has a market cap of $79.56 million and a PE ratio of -0.21. The company has a current ratio of 0.32, a quick ratio of 0.12 and a debt-to-equity ratio of 36.36.

Obsidian Energy (TSE:OBE) last announced its quarterly earnings results on Wednesday, August 14th. The company reported C($0.81) EPS for the quarter. The firm had revenue of C$102.00 million during the quarter. As a group, equities research analysts anticipate that Obsidian Energy Ltd will post -1.81 earnings per share for the current fiscal year.

Obsidian Energy Company Profile (TSE:OBE)

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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