Obsidian Energy (TSE:OBE) Price Target Raised to C$20.00 at Raymond James Financial

Obsidian Energy (TSE:OBE) had its price objective hoisted by equities research analysts at Raymond James Financial from C$19.00 to C$20.00 in a report released on Tuesday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. Raymond James Financial’s price target indicates a potential upside of 25.00% from the stock’s current price.

Several other equities research analysts have also recently weighed in on OBE. Royal Bank Of Canada upgraded shares of Obsidian Energy to a “hold” rating in a research report on Monday, May 11th. BMO Capital Markets increased their price objective on shares of Obsidian Energy from C$10.00 to C$12.00 and gave the stock an “outperform” rating in a research report on Friday, February 20th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$14.00.

Obsidian Energy Trading Up 6.0%

Shares of OBE stock traded up C$0.91 during trading hours on Tuesday, hitting C$16.00. 254,814 shares of the company’s stock traded hands, compared to its average volume of 401,440. The stock’s 50 day simple moving average is C$15.38 and its 200 day simple moving average is C$11.53. The stock has a market cap of C$1.07 billion, a PE ratio of 1,600.00, a price-to-earnings-growth ratio of 0.08 and a beta of -0.21. Obsidian Energy has a 12 month low of C$6.72 and a 12 month high of C$19.83. The company has a quick ratio of 0.41, a current ratio of 0.58 and a debt-to-equity ratio of 19.51.

Obsidian Energy (TSE:OBE) last released its quarterly earnings results on Thursday, May 7th. The company reported C($0.27) earnings per share (EPS) for the quarter. Obsidian Energy had a net margin of 0.21% and a return on equity of 0.08%. The business had revenue of C$138.50 million for the quarter. On average, sell-side analysts anticipate that Obsidian Energy will post 1.5996205 EPS for the current year.

Insider Buying and Selling at Obsidian Energy

In other news, Director Stephen Loukas acquired 10,000 shares of the firm’s stock in a transaction dated Thursday, May 14th. The stock was bought at an average cost of C$17.99 per share, for a total transaction of C$179,900.00. Following the completion of the transaction, the director directly owned 1,321,146 shares in the company, valued at C$23,767,416.54. This represents a 0.76% increase in their position. Also, insider Gareth Robin Sykes sold 5,000 shares of the stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of C$17.74, for a total transaction of C$88,700.00. Following the sale, the insider owned 147,977 shares of the company’s stock, valued at approximately C$2,625,111.98. This trade represents a 3.27% decrease in their ownership of the stock. Over the last quarter, insiders have bought 17,600 shares of company stock valued at $313,252 and have sold 24,735 shares valued at $353,779. Corporate insiders own 1.20% of the company’s stock.

Obsidian Energy Company Profile

Obsidian Energy is an intermediate-sized oil and gas producer with a well-balanced portfolio of high-quality assets, primarily in the Peace River, Willesden Green and Viking areas in Alberta. The Company’s business is to explore for, develop and hold interests in oil and natural gas properties and related production infrastructure in the Western Canada Sedimentary Basin.