Obsidian Energy (OBE) Price Target Cut to C$1.25 by Analysts at TD Securities

Obsidian Energy (TSE:OBE) had its price target trimmed by TD Securities from C$2.00 to C$1.25 in a report released on Friday morning. The brokerage currently has a buy rating on the stock.

A number of other research firms also recently commented on OBE. BMO Capital Markets dropped their price objective on shares of Obsidian Energy from C$1.60 to C$1.35 in a research note on Tuesday, October 9th. Royal Bank of Canada dropped their price objective on shares of Obsidian Energy from C$2.00 to C$1.50 and set a sector perform rating for the company in a research note on Friday. National Bank Financial dropped their price objective on shares of Obsidian Energy from C$2.00 to C$1.75 and set an outperform rating for the company in a research note on Friday. Canaccord Genuity dropped their price objective on shares of Obsidian Energy from C$1.80 to C$1.40 in a research note on Friday. Finally, Raymond James dropped their price objective on shares of Obsidian Energy from C$2.25 to C$2.00 and set an outperform rating for the company in a research note on Friday. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the stock. The stock presently has a consensus rating of Hold and an average target price of C$1.64.

Shares of TSE OBE traded down C$0.07 on Friday, reaching C$0.82. 522,800 shares of the company traded hands, compared to its average volume of 421,769. Obsidian Energy has a fifty-two week low of C$0.82 and a fifty-two week high of C$1.85. The company has a quick ratio of 0.38, a current ratio of 0.46 and a debt-to-equity ratio of 20.16.

Obsidian Energy (TSE:OBE) last posted its quarterly earnings data on Thursday, November 8th. The company reported C($0.06) EPS for the quarter. The firm had revenue of C$124.00 million for the quarter. On average, sell-side analysts forecast that Obsidian Energy will post -0.119999997073171 EPS for the current year.

Obsidian Energy Company Profile

Obsidian Energy Ltd. explores for, develops, and produces oil and natural gas in western Canada. The company primarily holds interests in the Cardium development area that covers an area of approximately 450 net sections of developed and undeveloped land located in west central Alberta; Peace River development area covering an area of 235 net sections of developed and undeveloped land located in northwestern Alberta; and Viking development area that covers an area of approximately 170 net sections of developed and undeveloped land located in Eastern Alberta.

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Analyst Recommendations for Obsidian Energy (TSE:OBE)

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