Obsidian Energy (TSE:OBE) Upgraded at Raymond James Financial

Raymond James Financial upgraded shares of Obsidian Energy (TSE:OBE) from a hold rating to a moderate buy rating in a research note published on Monday, MarketBeat reports. The firm currently has C$15.00 price target on the stock, up from their prior price target of C$10.00.

Several other equities research analysts have also commented on the company. BMO Capital Markets boosted their price objective on Obsidian Energy from C$10.00 to C$12.00 and gave the stock an “outperform” rating in a research note on Friday, February 20th. Royal Bank Of Canada raised their target price on Obsidian Energy from C$9.00 to C$10.00 and gave the company a “hold” rating in a research report on Friday, February 20th. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of C$12.33.

Obsidian Energy Stock Down 6.6%

Shares of TSE OBE opened at C$12.35 on Monday. The company’s 50-day simple moving average is C$10.99 and its 200-day simple moving average is C$9.40. Obsidian Energy has a 52-week low of C$5.35 and a 52-week high of C$13.67. The firm has a market cap of C$831.24 million, a price-to-earnings ratio of 25.20, a price-to-earnings-growth ratio of 0.08 and a beta of 0.19. The company has a quick ratio of 0.41, a current ratio of 0.54 and a debt-to-equity ratio of 15.52.

Obsidian Energy (TSE:OBE) last released its quarterly earnings results on Thursday, February 19th. The company reported C($0.18) earnings per share for the quarter. The company had revenue of C$114.80 million for the quarter. Obsidian Energy had a return on equity of 2.51% and a net margin of 5.85%. Equities analysts predict that Obsidian Energy will post 1.5996205 EPS for the current fiscal year.

Obsidian Energy Company Profile

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.