Royal Bank Of Canada Boosts Obsidian Energy (TSE:OBE) Price Target to C$10.00

Obsidian Energy (TSE:OBE) had its price target boosted by investment analysts at Royal Bank Of Canada from C$9.00 to C$10.00 in a research report issued to clients and investors on Friday, MarketBeat.com reports. The brokerage currently has a “hold” rating on the stock. Royal Bank Of Canada’s target price indicates a potential downside of 8.42% from the company’s current price.

Separately, BMO Capital Markets upped their target price on Obsidian Energy from C$10.00 to C$12.00 and gave the company an “outperform” rating in a research note on Friday. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Obsidian Energy has a consensus rating of “Hold” and an average target price of C$10.33.

Obsidian Energy Stock Up 5.0%

OBE stock opened at C$10.92 on Friday. The company has a debt-to-equity ratio of 20.55, a current ratio of 0.45 and a quick ratio of 0.41. The company’s 50 day simple moving average is C$9.14 and its 200-day simple moving average is C$8.71. Obsidian Energy has a 12 month low of C$5.35 and a 12 month high of C$11.08. The firm has a market capitalization of C$732.91 million, a PE ratio of -3.57, a P/E/G ratio of 0.08 and a beta of 0.11.

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.