National Bank Financial Lowers Obsidian Energy (OBE) Price Target to C$1.75

Obsidian Energy (TSE:OBE) had its target price decreased by National Bank Financial from C$2.00 to C$1.75 in a research report report published on Friday morning. National Bank Financial currently has an outperform rating on the stock.

Several other equities research analysts also recently weighed in on OBE. CIBC raised their price objective on Obsidian Energy from C$1.50 to C$1.75 in a report on Friday, July 20th. BMO Capital Markets cut their price objective on Obsidian Energy from C$1.60 to C$1.35 in a report on Tuesday, October 9th. Finally, Raymond James cut their price objective on Obsidian Energy from C$2.50 to C$2.25 in a report on Friday, October 5th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the stock. The company has an average rating of Hold and a consensus target price of C$1.64.

Shares of OBE stock traded down C$0.07 during trading hours on Friday, reaching C$0.82. The company’s stock had a trading volume of 522,800 shares, 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 issued its earnings results on Thursday, November 8th. The company reported C($0.06) earnings per share for the quarter. The business had revenue of C$124.00 million during the quarter. As a group, analysts forecast that Obsidian Energy will post -0.119999997073171 earnings per share 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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