Obsidian Energy (TSE:OBE) Price Target Raised to C$14.00 at BMO Capital Markets

Obsidian Energy (TSE:OBE) had its price objective increased by BMO Capital Markets from C$12.00 to C$14.00 in a research report sent to investors on Thursday,BayStreet.CA reports.

Separately, Royal Bank of Canada dropped their price objective on Obsidian Energy from C$13.00 to C$12.00 in a research note on Tuesday, January 14th.

Obsidian Energy Price Performance

Shares of TSE:OBE opened at C$8.68 on Thursday. The company has a 50 day moving average of C$7.89 and a 200 day moving average of C$8.15. 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$659.73 million, a P/E ratio of 5.66, a P/E/G ratio of 0.08 and a beta of 2.30. Obsidian Energy has a 12 month low of C$7.02 and a 12 month high of C$12.37.

About Obsidian Energy

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.