Obsidian Energy Ltd (TSE:OBE) Given Average Rating of “Hold” by Analysts
Shares of Obsidian Energy Ltd (TSE:OBE) have received an average rating of “Hold” from the nine brokerages that are currently covering the firm, Marketbeat reports. Three research analysts have rated the stock with a hold recommendation. The average 12-month target price among brokerages that have issued a report on the stock in the last year is C$1.31.
OBE has been the subject of a number of research analyst reports. Raymond James reissued a “hold” rating on shares of PrairieSky Royalty in a research report on Thursday, July 11th. National Bank Financial dropped their target price on shares of Yangarra Resources from C$5.50 to C$5.00 and set an “outperform” rating for the company in a research report on Tuesday, June 25th. Canaccord Genuity reissued a “buy” rating and set a $7.50 target price on shares of in a research report on Tuesday, July 9th. Finally, GMP Securities reissued a “buy” rating and set a $22.25 target price on shares of SPDR Wells Fargo Preferred Stock ETF in a research report on Friday, June 28th.
Shares of Obsidian Energy stock traded up C$0.03 on Friday, hitting C$1.33. The company’s stock had a trading volume of 55,625 shares, compared to its average volume of 93,217. Obsidian Energy has a 52-week low of C$1.29 and a 52-week high of C$10.08. The company has a quick ratio of 0.40, a current ratio of 0.46 and a debt-to-equity ratio of 32.33. The business has a fifty day moving average of C$1.19. The stock has a market cap of $94.88 million and a P/E ratio of -0.33.
Obsidian Energy Company Profile
Obsidian Energy Ltd. explores for, develops, and produces oil and natural gas in western Canada. It holds interests in the Alberta Viking, Cardium, Deep Basin, and Peace River areas. The company was formerly known as Penn West Petroleum Ltd. and changed its name to Obsidian Energy Ltd. in June 2017. Obsidian Energy Ltd.
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