Obsidian Energy (TSE:OBE) had its target price decreased by BMO Capital Markets from C$0.70 to C$0.50 in a report issued on Tuesday morning.

A number of other research firms have also issued reports on OBE. Royal Bank of Canada lowered their price target on Obsidian Energy from C$2.00 to C$1.50 and set a sector perform rating on the stock in a report on Friday, November 9th. Raymond James lowered their price target on Obsidian Energy from C$2.25 to C$2.00 and set an outperform rating on the stock in a report on Friday, November 9th. National Bank Financial lowered their price target on Obsidian Energy from C$2.00 to C$1.75 and set an outperform rating on the stock in a report on Friday, November 9th. TD Securities lowered their price target on Obsidian Energy from C$2.00 to C$1.25 and set a buy rating on the stock in a report on Friday, November 9th. Finally, Canaccord Genuity reduced their price objective on shares of Obsidian Energy from C$1.80 to C$1.40 in a research report on Friday, November 9th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Obsidian Energy presently has an average rating of Hold and a consensus price target of C$0.94.

TSE OBE opened at C$0.49 on Tuesday. The company has a debt-to-equity ratio of 19.90, a quick ratio of 0.32 and a current ratio of 0.39. Obsidian Energy has a 52-week low of C$0.43 and a 52-week high of C$1.59. The stock has a market cap of $248.59 million and a P/E ratio of -0.98.

In other news, Director John Brydson acquired 150,000 shares of Obsidian Energy stock in a transaction that occurred on Friday, January 18th. The stock was purchased at an average price of C$0.65 per share, for a total transaction of C$97,396.20. Following the completion of the transaction, the director now directly owns 2,553,000 shares in the company, valued at C$1,657,683.32.

About Obsidian Energy

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.

See Also: Price to Earnings Ratio (PE), For Valuing Stocks

Analyst Recommendations for Obsidian Energy (TSE:OBE)

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