Obsidian Energy (TSE:OBE) Stock Price Expected to Rise, BMO Capital Markets Analyst Says

Obsidian Energy (TSE:OBE) had its price target boosted by investment analysts at BMO Capital Markets from C$10.00 to C$12.00 in a research note issued on Friday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. BMO Capital Markets’ price target suggests a potential upside of 9.89% from the stock’s current price.

Obsidian Energy Trading Up 5.0%

Shares of OBE stock opened at C$10.92 on Friday. Obsidian Energy has a 12 month low of C$5.35 and a 12 month high of C$11.08. The company has a market cap of C$732.91 million, a PE ratio of -3.57, a price-to-earnings-growth ratio of 0.08 and a beta of 0.11. The company has a quick ratio of 0.41, a current ratio of 0.45 and a debt-to-equity ratio of 20.55. The business’s 50 day moving average is C$9.14 and its two-hundred day moving average is C$8.71.

About Obsidian Energy

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.