Obsidian Energy (TSE:OBE) Hits New 52-Week High – Still a Buy?

Obsidian Energy Ltd. (TSE:OBE) reached a new 52-week high during trading on Monday . The company traded as high as C$11.36 and last traded at C$10.93, with a volume of 86666 shares traded. The stock had previously closed at C$10.72.

Analysts Set New Price Targets

A number of research firms recently weighed in on OBE. BMO Capital Markets raised their price target on shares of Obsidian Energy from C$10.00 to C$12.00 and gave the company an “outperform” rating in a report on Friday, February 20th. Royal Bank Of Canada increased their price target on Obsidian Energy from C$9.00 to C$10.00 and gave the company a “hold” rating in a report on Friday, February 20th. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of C$10.33.

Obsidian Energy Stock Up 1.8%

The company has a quick ratio of 0.41, a current ratio of 0.45 and a debt-to-equity ratio of 20.55. The firm has a market capitalization of C$732.24 million, a price-to-earnings ratio of -3.57, a P/E/G ratio of 0.08 and a beta of 0.11. The stock has a 50 day moving average of C$9.41 and a 200 day moving average of C$8.80.

Obsidian Energy (TSE:OBE) last released its earnings results on Thursday, February 19th. The company reported C($0.18) EPS for the quarter. The firm had revenue of C$114.80 million for the quarter. Obsidian Energy had a return on equity of 6.99% and a net margin of 16.27%. As a group, analysts expect that Obsidian Energy Ltd. will post 1.5996205 earnings per share for the current fiscal year.

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.