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

Obsidian Energy (TSE:OBE - Get Free Report) had its price target decreased by equities researchers at BMO Capital Markets from C$17.00 to C$12.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. BMO Capital Markets' price target suggests a potential upside of 56.66% from the stock's previous close.

Several other equities analysts also recently weighed in on OBE. Raymond James raised Obsidian Energy to a "strong-buy" rating in a research report on Thursday, October 17th. Royal Bank of Canada dropped their price target on Obsidian Energy from C$15.00 to C$13.00 in a research report on Tuesday, September 17th.

Obsidian Energy Stock Down 0.6 %

Shares of TSE:OBE traded down C$0.05 on Friday, hitting C$7.66. 164,770 shares of the company's stock were exchanged, compared to its average volume of 184,418. The company has a debt-to-equity ratio of 22.94, a quick ratio of 0.41 and a current ratio of 0.49. The firm's 50-day moving average is C$8.04 and its 200 day moving average is C$8.91. The company has a market capitalization of C$582.24 million, a PE ratio of 5.85, a P/E/G ratio of 0.08 and a beta of 2.30. Obsidian Energy has a 1-year low of C$7.32 and a 1-year high of C$12.37.

Insider Transactions at Obsidian Energy

In other news, Senior Officer Mark Kristian Rodger Hawkins sold 25,075 shares of the firm's stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of C$8.55, for a total transaction of C$214,391.25. Insiders own 1.20% of the company's stock.

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.