Obsidian Energy (TSE:OBE) Price Target Raised to C$10.00

Obsidian Energy (TSE:OBE) had its price target increased by Royal Bank Of Canada from C$9.00 to C$10.00 in a report published on Friday morning, Marketbeat Ratings reports. Royal Bank Of Canada currently has a hold rating on the stock.

Separately, BMO Capital Markets raised their target price on Obsidian Energy from C$10.00 to C$12.00 and gave the stock an “outperform” rating in a research report on Friday. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of C$10.33.

Obsidian Energy Stock Performance

OBE opened at C$10.92 on Friday. The business has a fifty day simple moving average of C$9.14 and a 200 day simple moving average of C$8.71. Obsidian Energy has a 1 year low of C$5.35 and a 1 year high of C$11.08. The company has a debt-to-equity ratio of 20.55, a current ratio of 0.45 and a quick ratio of 0.41. The company has a market capitalization of C$732.91 million, a PE ratio of -3.57, a price-to-earnings-growth 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.