Obsidian Energy Ltd. (TSE:OBE - Get Free Report) traded up 9.4% during mid-day trading on Thursday . The stock traded as high as C$8.52 and last traded at C$8.50. 121,450 shares changed hands during mid-day trading, a decline of 42% from the average session volume of 207,756 shares. The stock had previously closed at C$7.77.
Analyst Upgrades and Downgrades
A number of analysts have recently commented on the company. BMO Capital Markets lifted their target price on Obsidian Energy from C$12.00 to C$14.00 in a research report on Thursday. Royal Bank of Canada cut their price target on Obsidian Energy from C$13.00 to C$12.00 in a research report on Tuesday, January 14th.
Read Our Latest Analysis on Obsidian Energy
Obsidian Energy Stock Performance
The company has a current ratio of 0.45, a quick ratio of 0.41 and a debt-to-equity ratio of 20.55. The stock has a market cap of C$649.85 million, a price-to-earnings ratio of 5.57, a PEG ratio of 0.08 and a beta of 2.30. The stock's 50 day moving average is C$7.91 and its two-hundred day moving average is C$8.15.
About Obsidian Energy
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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.
Further Reading
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