Several analysts have recently updated their ratings and price targets for Obsidian Energy (NYSE: OBE):

  • 11/16/2017 – Obsidian Energy was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Obsidian Energy Ltd. is a conventional oil and natural gas producer and development company. Obsidian Energy Ltd, formerly known as Penn West Petroleum Ltd, is based in Calgary, Canada. “
  • 11/13/2017 – Obsidian Energy was upgraded by analysts at AltaCorp Capital from a “sector perform” rating to an “outperform” rating.
  • 11/13/2017 – Obsidian Energy had its price target raised by analysts at Royal Bank Of Canada from $1.45 to $1.71. They now have a “sector perform” rating on the stock.
  • 11/10/2017 – Obsidian Energy was upgraded by analysts at Raymond James Financial, Inc. from a “mkt perform” rating to an “outperform” rating.
  • 11/10/2017 – Obsidian Energy was upgraded by analysts at UBS AG from a “market perform” rating to an “outperform” rating.
  • 10/18/2017 – Obsidian Energy is now covered by analysts at CIBC. They set a “neutral” rating on the stock.
  • 10/12/2017 – Obsidian Energy was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Obsidian Energy Ltd. is a conventional oil and natural gas producer and development company. Obsidian Energy Ltd, formerly known as Penn West Petroleum Ltd, is based in Calgary, Canada. “

Shares of Obsidian Energy (OBE) traded down $0.01 during mid-day trading on Friday, reaching $1.37. The company had a trading volume of 950,381 shares, compared to its average volume of 1,580,180. Obsidian Energy has a 1 year low of $0.82 and a 1 year high of $2.05. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.67 and a current ratio of 0.67.

Obsidian Energy Ltd, formerly Penn West Petroleum Ltd, is a Canada-based conventional oil and natural gas producer and development and production company. The Company operates a portfolio of opportunities with an oil position in the Cardium, Viking and Peace River areas of Alberta. The Alberta Viking area offers a mix of light-oil and gas with high-netback shorter cycle wells to complement longer cycle activities in the Cardium.

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