Obsidian Energy (OBE) Sets New 52-Week Low at $0.34
Obsidian Energy Ltd (TSE:OBE)’s share price reached a new 52-week low on Wednesday . The company traded as low as C$0.34 and last traded at C$0.35, with a volume of 700669 shares traded. The stock had previously closed at C$0.38.
A number of equities analysts have recently weighed in on the company. Raymond James reaffirmed a “market perform” rating and issued a C$0.50 price objective on shares of Obsidian Energy in a research note on Monday, May 13th. TD Securities downgraded Obsidian Energy from a “buy” rating to a “hold” rating and reduced their price target for the stock from C$0.65 to C$0.50 in a report on Monday, March 11th. National Bank Financial reduced their price target on Obsidian Energy from C$0.65 to C$0.50 and set a “sector perform” rating on the stock in a report on Friday, March 8th. BMO Capital Markets reduced their price target on Obsidian Energy from C$0.70 to C$0.50 in a report on Tuesday, February 12th. Finally, CIBC reduced their price target on Obsidian Energy from C$1.10 to C$1.00 in a report on Tuesday, February 12th. Six research analysts have rated the stock with a hold rating, The company presently has an average rating of “Hold” and a consensus price target of C$0.77.
The company has a debt-to-equity ratio of 32.33, a current ratio of 0.46 and a quick ratio of 0.40. The firm has a market capitalization of $194.13 million and a price-to-earnings ratio of -0.60.
TRADEMARK VIOLATION WARNING: This article was originally reported by TheOlympiaReport and is the property of of TheOlympiaReport. If you are viewing this article on another website, it was stolen and republished in violation of U.S. & international trademark and copyright laws. The correct version of this article can be accessed at https://theolympiareport.com/2019/05/22/obsidian-energy-obe-sets-new-52-week-low-at-0-34.html.
About Obsidian Energy (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.
Featured Story: Trading Strategy Methods for Individual Investors
Receive News & Ratings for Obsidian Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Obsidian Energy and related companies with MarketBeat.com's FREE daily email newsletter.