Obsidian Energy (OBE) Price Target Cut to C$1.75 by Analysts at Raymond James

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Obsidian Energy (TSE:OBE) had its target price decreased by Raymond James from C$2.00 to C$1.75 in a research note published on Friday morning. Raymond James currently has an outperform rating on the stock.

Other equities analysts have also issued research reports about the stock. BMO Capital Markets cut their price objective on shares of Obsidian Energy from C$1.00 to C$0.80 in a research report on Friday. CIBC cut their price objective on shares of Obsidian Energy from C$1.75 to C$1.50 in a research report on Friday. National Bank Financial cut their price objective on shares of Obsidian Energy from C$2.25 to C$2.00 and set a sector perform rating on the stock in a research report on Friday, August 3rd. TD Securities cut their price objective on shares of Obsidian Energy from C$2.00 to C$1.25 and set a buy rating on the stock in a research report on Friday, November 9th. Finally, Canaccord Genuity cut their price objective on shares of Obsidian Energy from C$1.80 to C$1.40 in a research report on Friday, November 9th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company has an average rating of Buy and a consensus target price of C$1.46.

OBE traded up C$0.08 during midday trading on Friday, hitting C$0.80. 446,400 shares of the company’s stock traded hands, compared to its average volume of 422,937. The company has a quick ratio of 0.32, a current ratio of 0.39 and a debt-to-equity ratio of 19.90. Obsidian Energy has a one year low of C$0.67 and a one year high of C$1.85.

Obsidian Energy (TSE:OBE) last issued its quarterly earnings data on Thursday, November 8th. The company reported C($0.06) earnings per share for the quarter. The company had revenue of C$124.00 million for the quarter. As a group, equities analysts forecast that Obsidian Energy will post -0.119999990000001 earnings per share for the current fiscal year.

Obsidian Energy Company Profile

Obsidian Energy Ltd. explores for, develops, and produces oil and natural gas in western Canada. The company primarily holds interests in the Cardium development area that covers an area of approximately 450 net sections of developed and undeveloped land located in west central Alberta; Peace River development area covering an area of 235 net sections of developed and undeveloped land located in northwestern Alberta; and Viking development area that covers an area of approximately 170 net sections of developed and undeveloped land located in Eastern Alberta.

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Analyst Recommendations for Obsidian Energy (TSE:OBE)

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