Obsidian Energy (TSE:OBE - Get Free Report) was upgraded by investment analysts at Raymond James to a "strong-buy" rating in a research report issued to clients and investors on Thursday, Zacks.com reports.
Separately, Royal Bank of Canada cut their price objective on Obsidian Energy from C$15.00 to C$13.00 in a research note on Tuesday, September 17th.
Get Our Latest Stock Analysis on Obsidian Energy
Obsidian Energy Stock Performance
OBE stock traded down C$0.03 during midday trading on Thursday, reaching C$8.04. 278,664 shares of the company's stock traded hands, compared to its average volume of 163,363. 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$7.36 and a 52-week high of C$12.37. The stock has a market cap of C$611.12 million, a P/E ratio of 6.14, a PEG ratio of 0.08 and a beta of 2.30. The stock's 50-day moving average is C$8.52 and its 200 day moving average is C$9.80.
Obsidian Energy (TSE:OBE - Get Free Report) last posted its quarterly earnings data on Thursday, August 1st. The company reported C$0.46 EPS for the quarter. The firm had revenue of C$208.40 million during the quarter. Obsidian Energy had a return on equity of 6.56% and a net margin of 15.81%. As a group, analysts anticipate that Obsidian Energy will post 1.5996205 EPS for the current year.
Insiders Place Their Bets
In other Obsidian Energy news, Director Gordon Malcolm Ritchie purchased 11,000 shares of the stock in a transaction that occurred on Thursday, September 5th. The shares were bought at an average cost of C$7.99 per share, with a total value of C$87,890.00. In related news, Director Gordon Malcolm Ritchie bought 11,000 shares of the business's stock in a transaction that occurred on Thursday, September 5th. The stock was bought at an average cost of C$7.99 per share, with a total value of C$87,890.00. Also, Director Michael Faust purchased 40,200 shares of the firm's stock in a transaction on Tuesday, August 6th. The stock was bought at an average price of C$6.21 per share, for a total transaction of C$249,654.06. 1.20% of the stock is currently owned by company insiders.
Obsidian Energy Company Profile
(
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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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