Obsidian Energy Ltd. (TSE:OBE - Get Free Report)'s stock price rose 6.6% during trading on Tuesday . The company traded as high as C$7.77 and last traded at C$7.75. Approximately 218,029 shares traded hands during trading, an increase of 1% from the average daily volume of 215,628 shares. The stock had previously closed at C$7.27.
Analyst Ratings Changes
OBE has been the topic of a number of recent research reports. Raymond James upgraded Obsidian Energy to a "strong-buy" rating in a research report on Thursday, October 17th. Royal Bank of Canada cut their target price on shares of Obsidian Energy from C$13.00 to C$12.00 in a research report on Tuesday, January 14th. Finally, BMO Capital Markets dropped their price target on shares of Obsidian Energy from C$17.00 to C$12.00 in a research note on Friday, December 13th.
Read Our Latest Analysis on Obsidian Energy
Obsidian Energy Trading Down 0.9 %
The company has a current ratio of 0.49, a quick ratio of 0.41 and a debt-to-equity ratio of 22.94. The firm has a market capitalization of C$560.95 million, a P/E ratio of 5.63, a PEG ratio of 0.08 and a beta of 2.30. The business has a 50 day moving average of C$7.89 and a 200-day moving average of C$8.30.
About Obsidian Energy
(
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.
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