Raymond James Financial Upgrades Obsidian Energy (TSE:OBE) to Moderate Buy

Obsidian Energy (TSE:OBE) was upgraded by research analysts at Raymond James Financial from a “hold” rating to a “moderate buy” rating in a report issued on Monday, MarketBeat Ratings reports. The firm currently has a C$15.00 price target on the stock, up from their prior price target of C$10.00. Raymond James Financial’s price objective suggests a potential upside of 13.46% from the stock’s previous close.

A number of other research firms also recently weighed in on OBE. Royal Bank Of Canada upped their price target on Obsidian Energy from C$9.00 to C$10.00 and gave the stock a “hold” rating in a research note on Friday, February 20th. BMO Capital Markets raised their price objective on Obsidian Energy from C$10.00 to C$12.00 and gave the company an “outperform” rating in a research note on Friday, February 20th. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Obsidian Energy currently has an average rating of “Moderate Buy” and a consensus price target of C$12.33.

Obsidian Energy Trading Up 0.3%

TSE:OBE opened at C$13.22 on Monday. Obsidian Energy has a 12 month low of C$5.35 and a 12 month high of C$13.67. The company has a current ratio of 0.54, a quick ratio of 0.41 and a debt-to-equity ratio of 15.52. The stock has a market capitalization of C$889.80 million, a price-to-earnings ratio of 26.98, a PEG ratio of 0.08 and a beta of 0.19. The firm has a fifty day simple moving average of C$10.93 and a two-hundred day simple moving average of C$9.38.

Obsidian Energy (TSE:OBE) last announced its quarterly earnings data on Thursday, February 19th. The company reported C($0.18) earnings per share for the quarter. The company had revenue of C$114.80 million for the quarter. Obsidian Energy had a net margin of 5.85% and a return on equity of 2.51%. Analysts expect that Obsidian Energy will post 1.5996205 EPS 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.