Obsidian Energy (TSE:OBE) had its target price dropped by research analysts at TD Securities from C$1.25 to C$1.15 in a research note issued on Monday. The firm currently has a “buy” rating on the stock. TD Securities’ price target indicates a potential upside of 57.53% from the stock’s previous close.

A number of other equities analysts have also recently weighed in on OBE. BMO Capital Markets lowered their price target on shares of Obsidian Energy from C$1.60 to C$1.35 in a research note on Tuesday, October 9th. Royal Bank of Canada lowered their price target on shares of Obsidian Energy from C$2.00 to C$1.50 and set a “sector perform” rating on the stock in a research note on Friday, November 9th. National Bank Financial lowered their price target on shares of Obsidian Energy from C$2.00 to C$1.75 and set an “outperform” rating on the stock in a research note on Friday, November 9th. Canaccord Genuity lowered their price target on shares of Obsidian Energy from C$1.80 to C$1.40 in a research note on Friday, November 9th. Finally, Raymond James lowered their price target on shares of Obsidian Energy from C$2.00 to C$1.75 and set an “outperform” rating on the stock in a research note on Friday, November 16th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of C$1.45.

Shares of OBE opened at C$0.73 on Monday. 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 1 year low of C$0.67 and a 1 year high of C$1.85.

Obsidian Energy (TSE:OBE) last announced its quarterly earnings data on Thursday, November 8th. The company reported C($0.06) earnings per share (EPS) for the quarter. The business had revenue of C$124.00 million for the quarter. Sell-side analysts anticipate that Obsidian Energy will post -0.119999994 earnings per share for the current fiscal year.

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.

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Analyst Recommendations for Obsidian Energy (TSE:OBE)

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