Raymond James lowered shares of Obsidian Energy (TSE:OBE - Free Report) from a strong-buy rating to a market perform rating in a research note issued to investors on Wednesday, MarketBeat.com reports. The brokerage currently has C$10.00 price target on the stock, down from their prior price target of C$14.00.
A number of other equities analysts also recently issued reports on the stock. BMO Capital Markets lifted their price objective on shares of Obsidian Energy from C$12.00 to C$14.00 in a report on Thursday, February 20th. Royal Bank of Canada cut their target price on Obsidian Energy from C$13.00 to C$12.00 in a research note on Tuesday, January 14th.
View Our Latest Stock Analysis on OBE
Obsidian Energy Stock Up 2.7 %
Shares of OBE traded up C$0.17 on Wednesday, reaching C$6.54. The company's stock had a trading volume of 369,444 shares, compared to its average volume of 321,280. The stock has a market capitalization of C$497.08 million, a PE ratio of 4.26, a PEG ratio of 0.08 and a beta of 2.30. The company has a current ratio of 0.45, a quick ratio of 0.41 and a debt-to-equity ratio of 20.55. Obsidian Energy has a twelve month low of C$5.67 and a twelve month high of C$12.37. The firm has a fifty day moving average of C$7.59 and a 200-day moving average of C$7.86.
Insider Buying and Selling
In other news, Director Gordon Malcolm Ritchie acquired 4,229 shares of the company's stock in a transaction that occurred on Thursday, February 27th. The shares were acquired at an average price of C$7.94 per share, for a total transaction of C$33,578.26. Also, Senior Officer Mark Kristian Rodger Hawkins sold 25,000 shares of the stock in a transaction on Thursday, March 20th. The shares were sold at an average price of C$7.56, for a total value of C$189,000.00. In the last ninety days, insiders have purchased 5,329 shares of company stock valued at $40,805. 1.20% of the stock is owned by insiders.
About Obsidian Energy
(
Get Free Report)
Obsidian Energy Ltd, is an intermediate-sized oil and gas producer with strategic assets in Alberta. It operates in a single reporting segment that is exploration, development and holding an interest in oil and natural gas properties and related production infrastructure in the Western Canada Sedimentary Basin.
Further Reading
Before you consider Obsidian Energy, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Obsidian Energy wasn't on the list.
While Obsidian Energy currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
