Obsidian Energy (TSE:OBE) Price Target Raised to C$10.00 at Royal Bank Of Canada

Obsidian Energy (TSE:OBE) had its price objective raised by stock analysts at Royal Bank Of Canada from C$9.00 to C$10.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. The brokerage currently has a “sector perform” rating on the stock. Royal Bank Of Canada’s target price points to a potential downside of 8.59% from the stock’s current price.

Separately, BMO Capital Markets boosted their target price on Obsidian Energy from C$10.00 to C$12.00 and gave the company an “outperform” rating in a research note on Friday. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, Obsidian Energy has a consensus rating of “Hold” and a consensus price target of C$10.33.

Obsidian Energy Stock Performance

Shares of Obsidian Energy stock traded up C$0.54 on Friday, reaching C$10.94. 460,525 shares of the company traded hands, compared to its average volume of 321,912. The company has a 50 day moving average of C$9.09 and a 200 day moving average of C$8.68. The company has a debt-to-equity ratio of 20.55, a current ratio of 0.45 and a quick ratio of 0.41. Obsidian Energy has a 52 week low of C$5.35 and a 52 week high of C$11.08. The firm has a market capitalization of C$734.25 million, a PE ratio of -3.58, a PEG ratio of 0.08 and a beta of 0.11.

About Obsidian Energy

Obsidian Energy is an intermediate-sized oil and gas producer with a well-balanced portfolio of high-quality assets, primarily in the Peace River, Willesden Green and Viking areas in Alberta. The Company’s business is to explore for, develop and hold interests in oil and natural gas properties and related production infrastructure in the Western Canada Sedimentary Basin.