BMO Capital Markets Lowers Obsidian Energy (TSE:OBE) Price Target to C$12.00

Obsidian Energy (TSE:OBE) had its price target decreased by BMO Capital Markets from C$17.00 to C$12.00 in a report issued on Friday,BayStreet.CA reports.

A number of other equities analysts have also weighed in on the stock. Raymond James upgraded shares of Obsidian Energy to a “strong-buy” rating in a report on Thursday, October 17th. Royal Bank of Canada reduced their target price on shares of Obsidian Energy from C$15.00 to C$13.00 in a research report on Tuesday, September 17th.

Obsidian Energy Price Performance

Shares of TSE:OBE opened at C$7.66 on Friday. The company has a quick ratio of 0.41, a current ratio of 0.49 and a debt-to-equity ratio of 22.94. The company has a market cap of C$582.24 million, a P/E ratio of 5.85, a P/E/G ratio of 0.08 and a beta of 2.30. The business has a fifty day simple moving average of C$8.04 and a 200-day simple moving average of C$8.91. Obsidian Energy has a 52 week low of C$7.32 and a 52 week high of C$12.37.

Insider Activity at Obsidian Energy

In other Obsidian Energy news, Senior Officer Mark Kristian Rodger Hawkins sold 25,075 shares of Obsidian Energy stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of C$8.55, for a total value of C$214,391.25. 1.20% of the stock is currently owned by corporate insiders.

About Obsidian Energy

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.