Obsidian Energy (TSE:OBE) Reaches New 12-Month High – What’s Next?

Obsidian Energy Ltd. (TSE:OBE)’s share price reached a new 52-week high on Thursday . The company traded as high as C$12.09 and last traded at C$12.09, with a volume of 94372 shares traded. The stock had previously closed at C$11.72.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. BMO Capital Markets raised their target price on Obsidian Energy from C$10.00 to C$12.00 and gave the company an “outperform” rating in a report on Friday, February 20th. Royal Bank Of Canada increased their price objective on Obsidian Energy from C$9.00 to C$10.00 and gave the company a “hold” rating in a research report on Friday, February 20th. One equities research 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, the stock currently has a consensus rating of “Hold” and a consensus target price of C$10.33.

Obsidian Energy Trading Up 3.7%

The business’s 50 day moving average price is C$10.27 and its 200-day moving average price is C$9.11. The company has a market cap of C$817.78 million, a price-to-earnings ratio of 24.80, a PEG ratio of 0.08 and a beta of 0.19. The company has a debt-to-equity ratio of 15.52, a quick ratio of 0.41 and a current ratio of 0.54.

Obsidian Energy (TSE:OBE) last issued its earnings results on Thursday, February 19th. The company reported C($0.18) earnings per share for the quarter. The business 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%. On average, research analysts forecast that Obsidian Energy Ltd. will post 1.5996205 EPS for the current year.

Obsidian Energy Company Profile

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.