Shares of Obsidian Energy Ltd (TSE:OBE) have been assigned a consensus recommendation of “Hold” from the nine brokerages that are covering the firm, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold rating. The average 1-year price target among brokers that have issued ratings on the stock in the last year is C$0.80.

Several research analysts recently commented on OBE shares. BMO Capital Markets dropped their price target on Obsidian Energy from C$0.70 to C$0.50 in a research report on Tuesday, February 12th. CIBC dropped their price target on Obsidian Energy from C$1.10 to C$1.00 in a research report on Tuesday, February 12th. Canaccord Genuity dropped their target price on Obsidian Energy from C$1.40 to C$1.00 in a research report on Thursday, January 10th. Royal Bank of Canada dropped their target price on Obsidian Energy from C$1.50 to C$1.00 in a research report on Tuesday, January 8th. Finally, TD Securities dropped their target price on Obsidian Energy from C$0.95 to C$0.65 and set a “buy” rating for the company in a research report on Tuesday, February 12th.

In other Obsidian Energy news, Director John Brydson bought 150,000 shares of the company’s stock in a transaction on Friday, January 18th. The stock was acquired 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 of the company’s stock, valued at C$1,657,683.32.

OBE traded down C$0.01 on Friday, hitting C$0.39. The company had a trading volume of 398,933 shares, compared to its average volume of 424,462. The firm has a market cap of $202.93 million and a P/E ratio of -0.77. Obsidian Energy has a 12-month low of C$0.38 and a 12-month high of C$1.59. The company has a current ratio of 0.39, a quick ratio of 0.32 and a debt-to-equity ratio of 19.90.

Obsidian Energy Company Profile

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.

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Analyst Recommendations for Obsidian Energy (TSE:OBE)

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