BMO Capital Markets Increases Obsidian Energy (TSE:OBE) Price Target to C$12.00

Obsidian Energy (TSE:OBE) had its target price lifted by research analysts at BMO Capital Markets from C$10.00 to C$12.00 in a report issued on Friday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. BMO Capital Markets’ price objective suggests a potential upside of 9.69% from the stock’s current price.

Obsidian Energy Price Performance

Shares of OBE traded up C$0.54 during mid-day trading on Friday, hitting C$10.94. The company’s stock had a trading volume of 460,525 shares, compared to its average volume of 321,912. The company has a debt-to-equity ratio of 20.55, a current ratio of 0.45 and a quick ratio of 0.41. The firm has a 50-day moving average price of C$9.09 and a 200 day moving average price of C$8.68. Obsidian Energy has a fifty-two week low of C$5.35 and a fifty-two week high of C$11.08. The stock has a market capitalization of C$734.25 million, a price-to-earnings ratio of -3.58, a PEG ratio of 0.08 and a beta of 0.11.

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.