Obsidian Energy (TSE:OBE - Get Free Report) has been assigned a C$16.50 target price by equities research analysts at BMO Capital Markets in a research report issued on Tuesday, BayStreet.CA reports. The brokerage presently has an "outperform" rating on the stock. BMO Capital Markets' price objective would suggest a potential upside of 40.43% from the company's current price.
Separately, Raymond James cut their price target on Obsidian Energy from C$15.50 to C$12.50 and set an "outperform" rating on the stock in a research note on Friday, January 19th.
Read Our Latest Research Report on OBE
Obsidian Energy Stock Up 3.4 %
Shares of OBE stock traded up C$0.39 during midday trading on Tuesday, reaching C$11.75. 225,145 shares of the stock were exchanged, compared to its average volume of 142,143. Obsidian Energy has a 1 year low of C$7.05 and a 1 year high of C$12.08. The company's 50 day moving average is C$9.91 and its two-hundred day moving average is C$10.08. The company has a current ratio of 0.41, a quick ratio of 0.41 and a debt-to-equity ratio of 13.87. The firm has a market cap of C$908.28 million, a PE ratio of 9.15, a price-to-earnings-growth ratio of 0.08 and a beta of 2.49.
Obsidian Energy (TSE:OBE - Get Free Report) last posted its earnings results on Thursday, February 22nd. The company reported C$0.42 earnings per share for the quarter. Obsidian Energy had a return on equity of 6.70% and a net margin of 16.53%. The firm had revenue of C$173.30 million for the quarter. On average, equities research analysts predict that Obsidian Energy will post 1.5399449 EPS for the current year.
Insider Buying and Selling
In related news, Director John Brydson purchased 25,000 shares of the business's stock in a transaction that occurred on Thursday, February 29th. The shares were bought at an average price of C$7.09 per share, for a total transaction of C$177,172.50. 1.21% of the stock is currently owned by company insiders.
About Obsidian Energy
(
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Obsidian Energy Ltd. engages in the exploration, production, and development of oil and natural gas properties in the Western Canada. The company was formerly known as Penn West Petroleum Ltd. and changed its name to Obsidian Energy Ltd. in June 2017. Obsidian Energy Ltd. is headquartered in Calgary, Canada.
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