Obsidian Energy (TSE:OBE) had its price target reduced by Royal Bank of Canada from C$1.50 to C$1.00 in a research note issued to investors on Tuesday morning.

Other research analysts have also issued reports about the company. Raymond James reduced their price target on Obsidian Energy from C$2.50 to C$2.25 in a research report on Friday, October 5th. BMO Capital Markets reduced their price target on Obsidian Energy from C$1.60 to C$1.35 in a research report on Tuesday, October 9th. National Bank Financial reduced their price target on Obsidian Energy from C$2.00 to C$1.75 and set an outperform rating on the stock in a research report on Friday, November 9th. TD Securities reduced their price target on Obsidian Energy from C$2.00 to C$1.25 and set a buy rating on the stock in a research report on Friday, November 9th. Finally, Canaccord Genuity reduced their price target on Obsidian Energy from C$1.80 to C$1.40 in a research report on Friday, November 9th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock presently has an average rating of Hold and a consensus target price of C$1.19.

TSE OBE opened at C$0.68 on Tuesday. Obsidian Energy has a 52 week low of C$0.43 and a 52 week high of C$1.59. The company has a current ratio of 0.39, a quick ratio of 0.32 and a debt-to-equity ratio of 19.90.

Obsidian Energy (TSE:OBE) last released its earnings results on Thursday, November 8th. The company reported C($0.06) EPS for the quarter. The firm had revenue of C$124.00 million during the quarter. As a group, equities analysts anticipate that Obsidian Energy will post -0.129999995289855 EPS for the current fiscal year.

About Obsidian Energy

Obsidian Energy Ltd. explores for, develops, and produces oil and natural gas in western Canada. The company primarily holds interests in the Cardium development area that covers an area of approximately 450 net sections of developed and undeveloped land located in west central Alberta; Peace River development area covering an area of 235 net sections of developed and undeveloped land located in northwestern Alberta; and Viking development area that covers an area of approximately 170 net sections of developed and undeveloped land located in Eastern Alberta.

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Analyst Recommendations for Obsidian Energy (TSE:OBE)

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