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

Obsidian Energy (TSE:OBE) had its target price upped by equities research analysts at Royal Bank Of Canada from C$9.00 to C$10.00 in a note issued to investors on Friday,BayStreet.CA reports. The firm currently has a “sector perform” rating on the stock. Royal Bank Of Canada’s target price would indicate a potential downside of 8.59% from the company’s current price.

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

Obsidian Energy Stock Up 5.2%

OBE stock traded up C$0.54 during mid-day trading 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 quick ratio of 0.41, a current ratio of 0.45 and a debt-to-equity ratio of 20.55. The firm’s 50 day moving average price is C$9.09 and its 200 day moving average price is C$8.68. The stock has a market cap of C$734.25 million, a price-to-earnings ratio of -3.58, a P/E/G ratio of 0.08 and a beta of 0.11. Obsidian Energy has a fifty-two week low of C$5.35 and a fifty-two week high of C$11.08.

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.