Obsidian Energy (TSE:OBE) had its price objective decreased by Raymond James from C$2.25 to C$2.00 in a research report released on Friday morning. Raymond James currently has an outperform rating on the stock.

Several other research firms have also commented on OBE. CIBC raised their price objective on shares of Obsidian Energy from C$1.50 to C$1.75 in a research note on Friday, July 20th. National Bank Financial lowered their price objective on shares of Obsidian Energy from C$2.25 to C$2.00 and set a sector perform rating for the company in a research note on Friday, August 3rd. BMO Capital Markets lowered their price objective on shares of Obsidian Energy from C$1.60 to C$1.35 in a research note on Tuesday, October 9th. Royal Bank of Canada lowered their price objective on shares of Obsidian Energy from C$2.00 to C$1.50 and set a sector perform rating for the company in a research note on Friday. Finally, Canaccord Genuity lowered their price objective on shares of Obsidian Energy from C$1.80 to C$1.40 in a research note on Friday. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus price target of C$1.64.

Shares of TSE OBE traded down C$0.07 during midday trading on Friday, hitting C$0.82. The company’s stock had a trading volume of 522,800 shares, compared to its average volume of 421,769. The company has a debt-to-equity ratio of 20.16, a current ratio of 0.46 and a quick ratio of 0.38. Obsidian Energy has a 1 year low of C$0.82 and a 1 year high of C$1.85.

Obsidian Energy (TSE:OBE) last posted its quarterly earnings data on Thursday, November 8th. The company reported C($0.06) EPS for the quarter. The firm had revenue of C$124.00 million for the quarter. Equities research analysts expect 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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