Obsidian Energy (TSE:OBE) Price Target Raised to C$12.00 at BMO Capital Markets

Obsidian Energy (TSE:OBE) had its price objective lifted by equities research analysts at BMO Capital Markets from C$10.00 to C$12.00 in a research report issued on Friday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. BMO Capital Markets’ price objective suggests a potential upside of 9.69% from the company’s previous close.

Obsidian Energy Stock Up 5.2%

Obsidian Energy stock traded up C$0.54 during trading hours on Friday, hitting C$10.94. The company had a trading volume of 460,525 shares, compared to its average volume of 321,912. The firm has a market capitalization of C$734.25 million, a P/E ratio of -3.58, a price-to-earnings-growth ratio of 0.08 and a beta of 0.11. The company has a debt-to-equity ratio of 20.55, a current ratio of 0.45 and a quick ratio of 0.41. The firm’s fifty day moving average is C$9.09 and its 200-day moving average is C$8.68. Obsidian Energy has a fifty-two week low of C$5.35 and a fifty-two week high of C$11.08.

About Obsidian Energy

Obsidian Energy is an intermediate-sized oil and gas producer with a well-balanced portfolio of high-quality assets, primarily in the Peace River, Willesden Green and Viking areas in Alberta. The Company’s business is to explore for, develop and hold interests in oil and natural gas properties and related production infrastructure in the Western Canada Sedimentary Basin.