Obsidian Energy (TSE:OBE) Price Target Raised to C$14.00 at Raymond James

Obsidian Energy (TSE:OBE – Get Rating) had its target price hoisted by Raymond James from C$13.50 to C$14.00 in a report released on Wednesday morning, BayStreet.CA reports. They currently have an outperform rating on the stock.

Several other equities analysts also recently commented on the stock. Stifel Nicolaus decreased their price target on shares of Obsidian Energy from C$13.00 to C$12.00 in a research note on Friday, May 5th. Royal Bank of Canada set a C$13.00 price target on shares of Obsidian Energy and gave the company an outperform rating in a research note on Tuesday, April 18th. Finally, BMO Capital Markets decreased their price target on shares of Obsidian Energy from C$11.00 to C$10.00 in a research note on Monday, March 27th.

Obsidian Energy Price Performance

TSE:OBE opened at C$8.52 on Wednesday. Obsidian Energy has a one year low of C$7.75 and a one year high of C$15.67. The company has a market cap of C$702.99 million, a P/E ratio of 0.87, a P/E/G ratio of 0.08 and a beta of 2.75. The firm’s fifty day moving average price is C$8.61 and its two-hundred day moving average price is C$9.05. The company has a debt-to-equity ratio of 14.64, a current ratio of 0.45 and a quick ratio of 0.41.

Obsidian Energy (TSE:OBE – Get Rating) last released its quarterly earnings data on Thursday, February 23rd. The company reported C$7.47 EPS for the quarter. The company had revenue of C$206.50 million during the quarter. Equities analysts expect that Obsidian Energy will post 1.8412698 earnings per share for the current year.

About Obsidian Energy

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Obsidian Energy Ltd. primarily focuses on the exploration, production, and development of oil and natural gas properties in the Western Canada Sedimentary Basin. The company was formerly known as Penn West Petroleum Ltd. and changed its name to Obsidian Energy Ltd. in June 2017. Obsidian Energy Ltd. is headquartered in Calgary, Canada.