Obsidian Energy Ltd. (TSE:OBE - Get Free Report) shares reached a new 52-week low during mid-day trading on Monday . The company traded as low as C$0.00 and last traded at C$7.35, with a volume of 381933 shares. The stock had previously closed at C$7.91.
Wall Street Analyst Weigh In
A number of analysts have commented on OBE shares. BMO Capital Markets upped their target price on shares of Obsidian Energy from C$12.00 to C$14.00 in a report on Thursday, February 20th. Royal Bank of Canada reduced their price objective on Obsidian Energy from C$13.00 to C$12.00 in a research note on Tuesday, January 14th.
Get Our Latest Stock Analysis on OBE
Obsidian Energy Trading Up 3.0 %
The stock has a 50 day moving average of C$7.92 and a 200-day moving average of C$8.06. The company has a market capitalization of C$551.80 million, a P/E ratio of 4.73, a P/E/G 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.
Insider Buying and Selling
In other Obsidian Energy news, Director Gordon Malcolm Ritchie bought 4,229 shares of the firm's stock in a transaction that occurred on Thursday, February 27th. The shares were bought at an average price of C$7.94 per share, with a total value of C$33,578.26. 1.20% of the stock is currently owned by insiders.
Obsidian Energy Company Profile
(
Get Free Report)
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.
Recommended Stories
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 Strong Buy 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.
