Obsidian Energy (TSE:OBE) Price Target Raised to C$1.85 at TD Securities

Obsidian Energy (TSE:OBE) had its target price lifted by investment analysts at TD Securities from C$1.70 to C$1.85 in a research report issued on Thursday, BayStreet.CA reports. The firm presently has a “hold” rating on the stock. TD Securities’ price target would indicate a potential upside of 13.50% from the company’s previous close.

A number of other equities research analysts also recently weighed in on the stock. Canaccord Genuity decreased their price target on shares of Obsidian Energy from C$2.80 to C$1.50 in a research note on Tuesday, July 9th. Raymond James decreased their price target on shares of Obsidian Energy from C$3.50 to C$2.00 in a research note on Thursday, July 11th. GMP Securities lifted their price target on shares of Obsidian Energy from C$0.40 to C$1.75 in a research note on Friday, June 28th. Finally, National Bank Financial decreased their price target on shares of Obsidian Energy from C$3.50 to C$2.25 and set a “sector perform” rating on the stock in a research note on Tuesday, June 25th. Six equities research analysts have rated the stock with a hold rating, The company currently has a consensus rating of “Hold” and an average target price of C$1.48.

OBE traded down C$0.03 during trading on Thursday, reaching C$1.63. 26,658 shares of the company’s stock were exchanged, compared to its average volume of 88,415. Obsidian Energy has a fifty-two week low of C$1.18 and a fifty-two week high of C$9.87. The company has a debt-to-equity ratio of 32.33, a current ratio of 0.46 and a quick ratio of 0.40. The firm has a 50 day moving average of C$1.40. The company has a market cap of $117.50 million and a P/E ratio of -0.40.

About Obsidian Energy

Obsidian Energy Ltd. explores for, develops, and produces oil and natural gas in western Canada. It holds interests in the Alberta Viking, Cardium, Deep Basin, and Peace River areas. The company was formerly known as Penn West Petroleum Ltd. and changed its name to Obsidian Energy Ltd. in June 2017. Obsidian Energy Ltd.

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Analyst Recommendations for Obsidian Energy (TSE:OBE)

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