Obsidian Energy (TSE:OBE) Shares Down 11.1%

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Obsidian Energy Ltd (TSE:OBE)’s share price was down 11.1% on Friday . The stock traded as low as C$0.54 and last traded at C$0.56, approximately 155,964 shares traded hands during trading. An increase of 27% from the average daily volume of 123,008 shares. The stock had previously closed at C$0.63.

A number of research analysts recently issued reports on OBE shares. National Bank Financial set a C$0.50 price objective on shares of Obsidian Energy and gave the company an “underperform” rating in a report on Thursday, April 23rd. Raymond James set a C$0.25 price target on shares of Obsidian Energy and gave the company an “underperform” rating in a report on Friday, February 7th.

The company has a current ratio of 0.61, a quick ratio of 0.40 and a debt-to-equity ratio of 140.75. The business has a 50 day moving average of C$0.30 and a 200-day moving average of C$0.69. The firm has a market capitalization of $51.85 million and a P/E ratio of -0.03.

Obsidian Energy (TSE:OBE) last issued its quarterly earnings data on Monday, March 30th. The company reported C($7.45) earnings per share (EPS) for the quarter. The firm had revenue of C$112.00 million for the quarter. On average, analysts anticipate that Obsidian Energy Ltd will post -2.26 EPS for the current fiscal year.

Obsidian Energy Company Profile (TSE:OBE)

Obsidian Energy Ltd. explores for, develops, and produces oil and natural gas in western Canada. It holds interests in the Alberta Viking, Cardium, Deep Basin, and Peace River areas. The company was formerly known as Penn West Petroleum Ltd. and changed its name to Obsidian Energy Ltd. in June 2017. Obsidian Energy Ltd.

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