Obsidian Energy (TSE:OBE) Price Target Cut to C$19.00

Obsidian Energy (TSE:OBEGet Rating) had its price objective cut by Stifel Nicolaus from C$19.50 to C$19.00 in a research note published on Wednesday morning, BayStreet.CA reports.

Separately, Raymond James lifted their price target on Obsidian Energy from C$15.50 to C$16.00 and gave the stock an outperform rating in a research note on Tuesday, July 5th.

Obsidian Energy Stock Performance

Shares of TSE:OBE opened at C$10.58 on Wednesday. The company has a debt-to-equity ratio of 37.83, a current ratio of 0.27 and a quick ratio of 0.24. The business’s 50 day moving average price is C$11.05 and its 200-day moving average price is C$10.44. The firm has a market capitalization of C$869.16 million and a PE ratio of 5.11. Obsidian Energy has a 1 year low of C$2.80 and a 1 year high of C$15.67.

Obsidian Energy (TSE:OBEGet Rating) last issued its quarterly earnings results on Wednesday, May 4th. The company reported C$0.28 earnings per share (EPS) for the quarter. The firm had revenue of C$203.70 million during the quarter. As a group, equities research analysts expect that Obsidian Energy will post 3.3399999 earnings per share for the current fiscal year.

Insider Transactions at Obsidian Energy

In related news, Director Stephen Loukas acquired 15,000 shares of the stock in a transaction on Monday, May 9th. The shares were bought at an average price of C$8.84 per share, with a total value of C$132,669.41. Following the completion of the purchase, the director now owns 645,350 shares of the company’s stock, valued at approximately C$5,707,880.03.

About Obsidian Energy

(Get Rating)

Obsidian Energy Ltd. primarily focuses on the exploration, production, and development of oil and natural gas properties in the Western Canada Sedimentary Basin. 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.

See Also

Receive News & Ratings for Obsidian Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Obsidian Energy and related companies with MarketBeat.com's FREE daily email newsletter.