Obsidian Energy (OBE) Given New C$0.80 Price Target at BMO Capital Markets

Obsidian Energy (TSE:OBE) had its price target reduced by BMO Capital Markets from C$1.00 to C$0.80 in a research note published on Friday.

OBE has been the topic of a number of other reports. CIBC dropped their price objective on shares of Obsidian Energy from C$1.75 to C$1.50 in a research note on Friday. Raymond James dropped their price objective on shares of Obsidian Energy from C$2.50 to C$2.25 in a research note on Friday, October 5th. TD Securities dropped their price objective on shares of Obsidian Energy from C$2.00 to C$1.25 and set a buy rating on the stock in a research note on Friday, November 9th. National Bank Financial dropped their price objective on shares of Obsidian Energy from C$2.25 to C$2.00 and set a sector perform rating on the stock in a research note on Friday, August 3rd. Finally, Canaccord Genuity dropped their price objective on shares of Obsidian Energy from C$1.80 to C$1.40 in a research note on Friday, November 9th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock currently has a consensus rating of Buy and an average price target of C$1.45.

TSE OBE opened at C$0.80 on Friday. The company has a debt-to-equity ratio of 19.90, a current ratio of 0.39 and a quick ratio of 0.32. Obsidian Energy has a one year low of C$0.67 and a one year high of C$1.85.

Obsidian Energy (TSE:OBE) last posted its quarterly earnings data on Thursday, November 8th. The company reported C($0.06) EPS for the quarter. The business had revenue of C$124.00 million for the quarter. Analysts predict that Obsidian Energy will post -0.119999994 earnings per share for the current year.

Obsidian Energy Company Profile

Obsidian Energy Ltd. explores for, develops, and produces oil and natural gas in western Canada. The company primarily holds interests in the Cardium development area that covers an area of approximately 450 net sections of developed and undeveloped land located in west central Alberta; Peace River development area covering an area of 235 net sections of developed and undeveloped land located in northwestern Alberta; and Viking development area that covers an area of approximately 170 net sections of developed and undeveloped land located in Eastern Alberta.

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Analyst Recommendations for Obsidian Energy (TSE:OBE)

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