Obsidian Energy (TSE:OBE – Get Free Report) had its target price reduced by stock analysts at Royal Bank of Canada from C$15.00 to C$13.00 in a note issued to investors on Tuesday, BayStreet.CA reports. Royal Bank of Canada’s price objective would suggest a potential upside of 63.73% from the stock’s previous close.
Obsidian Energy Stock Performance
Obsidian Energy stock opened at C$7.94 on Tuesday. The firm has a fifty day simple moving average of C$9.31 and a two-hundred day simple moving average of C$10.15. Obsidian Energy has a twelve month low of C$7.69 and a twelve month high of C$12.37. The company has a market capitalization of C$603.52 million, a PE ratio of 6.06, a P/E/G ratio of 0.08 and a beta of 2.35. The company has a quick ratio of 0.41, a current ratio of 0.49 and a debt-to-equity ratio of 22.94.
Obsidian Energy (TSE:OBE – Get Free Report) last issued its earnings results on Thursday, August 1st. The company reported C$0.46 earnings per share for the quarter. The company had revenue of C$208.40 million during the quarter. Obsidian Energy had a return on equity of 6.56% and a net margin of 15.81%.
Insider Buying and Selling
Obsidian Energy Company Profile
Obsidian Energy Ltd. engages in the exploration, production, and development of oil and natural gas properties in the Western Canada. The company was formerly known as Penn West Petroleum Ltd. and changed its name to Obsidian Energy Ltd. in June 2017. Obsidian Energy Ltd. is headquartered in Calgary, Canada.
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