Obsidian Energy (TSE:OBE) Price Target Cut to C$2.00 by Analysts at Raymond James

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Obsidian Energy (TSE:OBE) had its price target cut by Raymond James from C$3.50 to C$2.00 in a research report sent to investors on Thursday, BayStreet.CA reports.

A number of other brokerages have also issued reports on OBE. Canaccord Genuity reaffirmed a buy rating and set a $7.50 target price on shares of in a research report on Tuesday, July 9th. National Bank Financial cut their target price on Yangarra Resources from C$5.50 to C$5.00 and set an outperform rating on the stock in a research report on Tuesday, June 25th. Finally, GMP Securities reaffirmed a buy rating and set a $22.25 target price on shares of SPDR Wells Fargo Preferred Stock ETF in a research report on Friday, June 28th. Six equities research analysts have rated the stock with a hold rating, Obsidian Energy has an average rating of Hold and an average price target of C$1.31.

Shares of Obsidian Energy stock opened at C$1.39 on Thursday. The stock’s fifty day moving average is C$1.11. The firm has a market capitalization of $101.44 million and a price-to-earnings ratio of -0.34. 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 12-month low of C$1.32 and a 12-month high of C$10.43.

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

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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Analyst Recommendations for Obsidian Energy (TSE:OBE)

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