Obsidian Energy (TSE:OBE) had its target price hoisted by TD Securities from C$1.70 to C$1.85 in a report issued on Thursday morning, BayStreet.CA reports. TD Securities currently has a hold rating on the stock.
OBE has been the subject of a number of other research reports. Canaccord Genuity reduced their price objective on shares of Obsidian Energy from C$2.80 to C$1.50 in a research report on Tuesday, July 9th. GMP Securities raised their price objective on shares of Obsidian Energy from C$0.40 to C$1.75 in a research report on Friday, June 28th. National Bank Financial reduced their price objective on shares of Obsidian Energy from C$3.50 to C$2.25 and set a sector perform rating for the company in a research report on Tuesday, June 25th. Finally, Raymond James reduced their price objective on shares of Obsidian Energy from C$3.50 to C$2.00 in a research report on Thursday, July 11th. Six investment analysts have rated the stock with a hold rating, The company has an average rating of Hold and a consensus price target of C$1.48.
TSE OBE opened at C$1.58 on Thursday. The company has a quick ratio of 0.40, a current ratio of 0.46 and a debt-to-equity ratio of 32.33. Obsidian Energy has a 52-week low of C$1.18 and a 52-week high of C$9.87. The business’s 50-day moving average price is C$1.40 and its 200 day moving average price is C$0.77. The firm has a market cap of $115.33 million and a P/E ratio of -0.39.
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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