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.

Obsidian Energy (TSE:OBE) last issued its quarterly earnings results on Friday, May 10th. The company reported C($0.11) earnings per share for the quarter. The firm had revenue of C$103.00 million during the quarter. As a group, analysts expect that Obsidian Energy Ltd will post -0.232839514796525 EPS for the current fiscal year.

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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.

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