Obsidian Energy (TSE:OBE) Price Target Raised to C$2.00

Obsidian Energy (TSE:OBE) had its price objective lifted by National Bank Financial from C$1.50 to C$2.00 in a report issued on Tuesday, January 9th. The firm currently has a sector perform rating on the stock.

Several other equities research analysts have also issued reports on OBE. Barclays lowered their price objective on Obsidian Energy from C$2.00 to C$1.50 in a research note on Monday, October 30th. BMO Capital Markets reiterated an underperform rating and issued a C$1.50 price target on shares of Obsidian Energy in a report on Monday, November 13th. TD Securities increased their price target on Obsidian Energy from C$2.00 to C$2.25 in a report on Monday, November 13th. Scotiabank increased their price target on Obsidian Energy from C$1.75 to C$2.00 and gave the stock a sector perform rating in a report on Monday, November 13th. Finally, Raymond James Financial increased their price target on Obsidian Energy from C$1.75 to C$2.00 and gave the stock an outperform rating in a report on Monday, November 13th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the stock. The company has an average rating of Hold and an average price target of C$1.91.

Obsidian Energy (TSE:OBE) remained flat at $C$1.52 during midday trading on Tuesday. The stock had a trading volume of 1,222,451 shares, compared to its average volume of 582,445. Obsidian Energy has a fifty-two week low of C$1.03 and a fifty-two week high of C$2.58. The stock has a market cap of $764.08, a P/E ratio of -2.98 and a beta of 4.35.

Obsidian Energy (TSE:OBE) last announced its quarterly earnings results on Friday, November 10th. The company reported C($0.09) EPS for the quarter, missing analysts’ consensus estimates of C($0.06) by C($0.03). Obsidian Energy had a negative net margin of 51.16% and a negative return on equity of 7.86%.

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Obsidian Energy Company Profile

Obsidian Energy Ltd. explores for, develops, and produces oil and natural gas properties in western Canada. It primarily holds interest in the Cardium Resource Play that covers an area of approximately 400 net sections of developed and undeveloped land located in west central Alberta; Peace River Resource Play covering an area of 235 net sections of developed and undeveloped land located in northwestern Alberta; and Viking Resource Play that covers an area of approximately 170 net sections of developed and undeveloped land located in north-central Alberta.

Analyst Recommendations for Obsidian Energy (TSE:OBE)

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