Obsidian Energy (TSE:OBE) Rating Increased to Outperform at Raymond James Financial

Raymond James Financial upgraded shares of Obsidian Energy (TSE:OBE) from a market perform rating to an outperform rating in a report published on Monday,BayStreet.CA reports. The firm currently has C$15.00 price objective on the stock, up from their previous price objective of C$10.00.

OBE has been the subject of a number of other reports. Royal Bank Of Canada raised their target price on shares of Obsidian Energy from C$9.00 to C$10.00 and gave the company a “hold” rating in a report on Friday, February 20th. BMO Capital Markets upped their price target on shares of Obsidian Energy from C$10.00 to C$12.00 and gave the company an “outperform” rating in a research note on Friday, February 20th. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, Obsidian Energy currently has an average rating of “Moderate Buy” and a consensus target price of C$12.33.

Obsidian Energy Stock Up 2.8%

TSE OBE opened at C$13.18 on Monday. Obsidian Energy has a 12 month low of C$5.35 and a 12 month high of C$13.57. The stock’s 50 day moving average is C$10.84 and its 200 day moving average is C$9.34. The company has a current ratio of 0.54, a quick ratio of 0.41 and a debt-to-equity ratio of 15.52. The stock has a market cap of C$887.11 million, a PE ratio of 26.90, a P/E/G ratio of 0.08 and a beta of 0.19.

Obsidian Energy (TSE:OBE) last issued its quarterly earnings data on Thursday, February 19th. The company reported C($0.18) earnings per share for the quarter. The firm had revenue of C$114.80 million for the quarter. Obsidian Energy had a net margin of 5.85% and a return on equity of 2.51%. Research analysts predict that Obsidian Energy will post 1.5996205 EPS for the current fiscal year.

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.