Obsidian Energy (TSE:OBE) Given a C$16.50 Price Target at BMO Capital Markets

BMO Capital Markets set a C$16.50 price target on Obsidian Energy (TSE:OBEFree Report) in a research report released on Tuesday, BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

Separately, Raymond James cut their price target on Obsidian Energy from C$15.50 to C$12.50 and set an outperform rating for the company in a research note on Friday, January 19th.

Check Out Our Latest Research Report on OBE

Obsidian Energy Price Performance

OBE stock opened at C$11.70 on Tuesday. The firm has a market cap of C$904.41 million, a price-to-earnings ratio of 9.14, a PEG ratio of 0.08 and a beta of 2.49. The company has a quick ratio of 0.41, a current ratio of 0.41 and a debt-to-equity ratio of 13.87. Obsidian Energy has a 12-month low of C$7.05 and a 12-month high of C$12.11. The company’s fifty day simple moving average is C$10.13 and its 200 day simple moving average is C$10.11.

Obsidian Energy (TSE:OBEGet Free Report) last announced its quarterly earnings data on Thursday, February 22nd. The company reported C$0.42 earnings per share for the quarter. Obsidian Energy had a net margin of 16.53% and a return on equity of 6.70%. The firm had revenue of C$173.30 million for the quarter. On average, analysts expect that Obsidian Energy will post 1.7604167 earnings per share for the current year.

Insider Transactions at Obsidian Energy

In related news, Director John Brydson purchased 25,000 shares of the stock in a transaction that occurred on Thursday, February 29th. The shares were bought at an average price of C$7.09 per share, with a total value of C$177,172.50. In other news, Senior Officer Mark Kristian Rodger Hawkins sold 20,000 shares of the company’s stock in a transaction on Friday, April 5th. The shares were sold at an average price of C$11.56, for a total value of C$231,112.00. Also, Director John Brydson purchased 25,000 shares of the firm’s stock in a transaction dated Thursday, February 29th. The stock was purchased at an average cost of C$7.09 per share, for a total transaction of C$177,172.50. Company insiders own 1.21% of the company’s stock.

Obsidian Energy Company Profile

(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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