Obsidian Energy (TSE:OBE) had its target price lowered by equities research analysts at National Bank Financial from C$2.00 to C$1.75 in a report issued on Friday. The brokerage currently has an “outperform” rating on the stock. National Bank Financial’s price target suggests a potential upside of 113.41% from the company’s previous close.

Other research analysts have also recently issued reports about the company. CIBC increased their price target on Obsidian Energy from C$1.50 to C$1.75 in a research note on Friday, July 20th. BMO Capital Markets dropped their price target on Obsidian Energy from C$1.60 to C$1.35 in a research note on Tuesday, October 9th. Finally, Raymond James dropped their price target on Obsidian Energy from C$2.50 to C$2.25 in a research note on Friday, October 5th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of C$1.64.

TSE OBE opened at C$0.82 on Friday. The company has a debt-to-equity ratio of 20.16, a quick ratio of 0.38 and a current ratio of 0.46. Obsidian Energy has a fifty-two week low of C$0.82 and a fifty-two week high of C$1.85.

Obsidian Energy (TSE:OBE) last released its earnings results on Thursday, November 8th. The company reported C($0.06) earnings per share for the quarter. The business had revenue of C$124.00 million during the quarter. Sell-side analysts forecast that Obsidian Energy will post -0.119999997073171 EPS for the current 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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