Obsidian Energy (TSE:OBE – Free Report) had its target price increased by Raymond James from C$15.00 to C$15.50 in a research report report published on Wednesday, BayStreet.CA reports. The firm currently has an outperform rating on the stock.
OBE has been the subject of several other reports. Royal Bank of Canada lifted their target price on Obsidian Energy from C$12.00 to C$14.00 and gave the company an outperform rating in a research note on Friday, September 22nd. BMO Capital Markets raised their price target on Obsidian Energy from C$11.00 to C$12.00 in a research report on Monday, October 16th. Finally, Stifel Nicolaus raised their price target on Obsidian Energy from C$13.50 to C$13.75 in a research report on Monday, October 16th.
Obsidian Energy Price Performance
Obsidian Energy (TSE:OBE – Get Free Report) last announced its quarterly earnings data on Thursday, November 9th. The company reported C$0.30 EPS for the quarter. Obsidian Energy had a return on equity of 54.75% and a net margin of 104.26%. The company had revenue of C$200.40 million during the quarter. As a group, equities analysts expect that Obsidian Energy will post 0.7807167 EPS for the current year.
Insiders Place Their Bets
In other news, Director Gordon Malcolm Ritchie acquired 11,400 shares of Obsidian Energy stock in a transaction dated Thursday, December 14th. The stock was bought at an average price of C$9.38 per share, for a total transaction of C$106,902.36. Insiders have acquired a total of 14,500 shares of company stock valued at $129,467 over the last 90 days. 1.21% of the stock is currently owned by insiders.
Obsidian Energy Company Profile
Obsidian Energy Ltd. primarily focuses on the exploration, production, and development of oil and natural gas properties in the Western Canada Sedimentary Basin. 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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