Obsidian Energy (TSE:OBE) had its price objective lowered by equities researchers at Raymond James Financial from C$2.00 to C$1.75 in a research report issued to clients and investors on Monday. Raymond James Financial’s price objective would indicate a potential upside of 41.13% from the stock’s current price.
Other equities research analysts also recently issued research reports about the company. BMO Capital Markets reaffirmed an “underperform” rating and issued a C$1.50 target price on shares of Obsidian Energy in a report on Monday, November 13th. Canaccord Genuity raised their target price on Obsidian Energy from C$1.50 to C$1.80 in a report on Tuesday, November 28th. Scotiabank raised their target price on Obsidian Energy from C$1.75 to C$2.00 and gave the company a “sector perform” rating in a report on Monday, November 13th. Barclays raised their target price on Obsidian Energy from C$1.50 to C$2.00 in a report on Monday, November 13th. Finally, TD Securities raised their target price on Obsidian Energy from C$2.00 to C$2.25 in a report on Monday, November 13th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of C$1.88.
Shares of Obsidian Energy (OBE) traded down C$0.02 during mid-day trading on Monday, hitting C$1.24. The company’s stock had a trading volume of 1,088,280 shares, compared to its average volume of 684,572. The firm has a market cap of $635.47, a P/E ratio of -2.39 and a beta of 4.19. Obsidian Energy has a 52-week low of C$1.03 and a 52-week high of C$2.36.
COPYRIGHT VIOLATION NOTICE: “Obsidian Energy (OBE) PT Lowered to C$1.75” was first posted by American Banking News and is the sole property of of American Banking News. If you are accessing this story on another publication, it was stolen and reposted in violation of United States and international copyright legislation. The correct version of this story can be accessed at https://www.americanbankingnews.com/2018/02/05/obsidian-energy-obe-pt-lowered-to-c1-75.html.
Obsidian Energy Company Profile
Obsidian Energy Ltd. explores for, develops, and produces oil and natural gas properties in western Canada. It primarily holds interest in the Cardium Resource Play that covers an area of approximately 400 net sections of developed and undeveloped land located in west central Alberta; Peace River Resource Play covering an area of 235 net sections of developed and undeveloped land located in northwestern Alberta; and Viking Resource Play that covers an area of approximately 170 net sections of developed and undeveloped land located in north-central Alberta.
Receive News & Ratings for Obsidian Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Obsidian Energy and related companies with MarketBeat.com's FREE daily email newsletter.