Obsidian Energy (NYSE:OBE) (TSE:PWT)‘s stock had its “underperform” rating restated by Raymond James in a research report issued on Tuesday, Stock Target Advisor reports. They currently have a $0.25 target price on the oil and gas company’s stock. Raymond James’ target price points to a potential downside of 59.68% from the stock’s current price.
Several other equities analysts have also issued reports on the company. Zacks Investment Research upgraded Obsidian Energy from a “sell” rating to a “hold” rating in a research note on Friday, October 25th. ValuEngine upgraded Obsidian Energy from a “sell” rating to a “hold” rating in a research note on Thursday, August 1st. BMO Capital Markets lowered their price target on Obsidian Energy from $1.50 to $1.25 and set an “underperform” rating on the stock in a research note on Thursday, August 29th. Finally, TD Securities lowered their price target on Obsidian Energy from $1.20 to $0.90 and set a “hold” rating on the stock in a research note on Tuesday. Three analysts have rated the stock with a sell rating and six have issued a hold rating to the stock. The company has a consensus rating of “Hold” and an average target price of $0.82.
Shares of OBE opened at $0.62 on Tuesday. Obsidian Energy has a 12-month low of $0.58 and a 12-month high of $5.18. The company has a quick ratio of 0.32, a current ratio of 0.32 and a debt-to-equity ratio of 0.08. The firm has a market capitalization of $47.66 million, a price-to-earnings ratio of -0.21 and a beta of 3.22. The stock’s 50-day moving average price is $0.74 and its 200 day moving average price is $0.79.
Obsidian Energy (NYSE:OBE) (TSE:PWT) last issued its quarterly earnings results on Wednesday, August 14th. The oil and gas company reported ($0.61) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.05) by ($0.56). Obsidian Energy had a negative net margin of 87.22% and a negative return on equity of 13.95%. The firm had revenue of $76.26 million for the quarter. Equities research analysts expect that Obsidian Energy will post -2.75 EPS for the current year.
A hedge fund recently bought a new stake in Obsidian Energy stock. HighTower Advisors LLC acquired a new stake in shares of Obsidian Energy Ltd (NYSE:OBE) (TSE:PWT) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 198,175 shares of the oil and gas company’s stock, valued at approximately $235,000. HighTower Advisors LLC owned approximately 0.27% of Obsidian Energy at the end of the most recent quarter. 12.10% of the stock is owned by institutional investors and hedge funds.
About Obsidian Energy
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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