Analysts Set Obsidian Energy Ltd (OBE) PT at $1.86
Obsidian Energy Ltd (NYSE:OBE) (TSE:PWT) has received an average recommendation of “Hold” from the nine analysts that are currently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $1.86.
OBE has been the topic of several recent research reports. ValuEngine downgraded Obsidian Energy from a “sell” rating to a “strong sell” rating in a research note on Friday, February 2nd. Zacks Investment Research raised Obsidian Energy from a “sell” rating to a “hold” rating in a research note on Thursday, November 16th. Raymond James Financial raised Obsidian Energy from a “mkt perform” rating to an “outperform” rating in a research note on Friday, November 10th. AltaCorp Capital raised Obsidian Energy from a “sector perform” rating to an “outperform” rating in a research note on Monday, November 13th. Finally, UBS Group raised Obsidian Energy from a “market perform” rating to an “outperform” rating in a research note on Friday, November 10th.
Shares of Obsidian Energy (NYSE:OBE) traded up $0.04 during trading hours on Wednesday, reaching $0.98. The company’s stock had a trading volume of 882,042 shares, compared to its average volume of 1,843,096. The stock has a market capitalization of $482.16, a PE ratio of -2.43 and a beta of 4.51. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.67 and a quick ratio of 0.67. Obsidian Energy has a fifty-two week low of $0.82 and a fifty-two week high of $1.76.
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Obsidian Energy Company Profile
Obsidian Energy Ltd, formerly Penn West Petroleum Ltd, is a Canada-based conventional oil and natural gas producer and development and production company. The Company operates a portfolio of opportunities with an oil position in the Cardium, Viking and Peace River areas of Alberta. The Alberta Viking area offers a mix of light-oil and gas with high-netback shorter cycle wells to complement longer cycle activities in the Cardium.
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