Obsidian Energy (TSE:OBE - Get Free Report) had its target price dropped by stock analysts at Royal Bank of Canada from C$13.00 to C$12.00 in a report issued on Tuesday,BayStreet.CA reports. Royal Bank of Canada's price target points to a potential upside of 40.19% from the stock's previous close.
Other research analysts have also recently issued research reports about the company. BMO Capital Markets cut their price objective on Obsidian Energy from C$17.00 to C$12.00 in a research report on Friday, December 13th. Raymond James raised shares of Obsidian Energy to a "strong-buy" rating in a research note on Thursday, October 17th.
View Our Latest Research Report on OBE
Obsidian Energy Stock Performance
Shares of Obsidian Energy stock traded down C$0.11 on Tuesday, hitting C$8.56. The stock had a trading volume of 154,096 shares, compared to its average volume of 176,445. The stock has a market cap of C$650.65 million, a price-to-earnings ratio of 6.53, a P/E/G ratio of 0.08 and a beta of 2.30. The company has a current ratio of 0.49, a quick ratio of 0.41 and a debt-to-equity ratio of 22.94. Obsidian Energy has a 52-week low of C$7.02 and a 52-week high of C$12.37. The company's 50 day moving average price is C$7.97 and its 200 day moving average price is C$8.62.
Insider Activity at Obsidian Energy
In other news, Senior Officer Mark Kristian Rodger Hawkins sold 25,075 shares of the company's stock in a transaction dated Wednesday, November 6th. The shares were 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.
About Obsidian Energy
(
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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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