Raymond James Trims Obsidian Energy (TSE:OBE) Target Price to C$2.00

Obsidian Energy (TSE:OBE) had its price objective cut by Raymond James from C$3.50 to C$2.00 in a report issued on Thursday morning, BayStreet.CA reports.

Other research analysts have also issued research reports about the company. GMP Securities restated a buy rating and set a $22.25 price objective on shares of SPDR Wells Fargo Preferred Stock ETF in a research report on Friday, June 28th. Canaccord Genuity restated a buy rating and set a $7.50 price objective on shares of in a research report on Tuesday, July 9th. Finally, National Bank Financial reduced their price objective on Yangarra Resources from C$5.50 to C$5.00 and set an outperform rating for the company in a research report on Tuesday, June 25th. Six investment analysts have rated the stock with a hold rating, Obsidian Energy currently has an average rating of Hold and an average price target of C$1.31.

Shares of TSE OBE opened at C$1.39 on Thursday. Obsidian Energy has a twelve month low of C$1.32 and a twelve month high of C$10.43. The company has a quick ratio of 0.40, a current ratio of 0.46 and a debt-to-equity ratio of 32.33. The company has a market cap of $101.44 million and a P/E ratio of -0.34. The firm has a 50 day moving average price of C$1.11.

Obsidian Energy (TSE:OBE) last released its quarterly earnings data on Friday, May 10th. The company reported C($0.11) earnings per share (EPS) for the quarter. The company had revenue of C$103.00 million during the quarter. Research analysts forecast that Obsidian Energy will post -0.17 EPS for the current year.

Obsidian Energy Company Profile

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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Analyst Recommendations for Obsidian Energy (TSE:OBE)

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