Obsidian Energy (TSE:OBE) Sets New 52-Week High – Still a Buy?

Obsidian Energy Ltd. (TSE:OBE) hit a new 52-week high on Wednesday . The stock traded as high as C$12.55 and last traded at C$12.45, with a volume of 482013 shares changing hands. The stock had previously closed at C$12.08.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on OBE. BMO Capital Markets boosted their target price on Obsidian Energy from C$10.00 to C$12.00 and gave the company an “outperform” rating in a research note on Friday, February 20th. Royal Bank Of Canada increased their price target on Obsidian Energy from C$9.00 to C$10.00 and gave the stock a “hold” rating in a research note on Friday, February 20th. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of C$10.33.

Obsidian Energy Trading Down 0.6%

The company has a market cap of C$838.65 million, a P/E ratio of 25.43, a price-to-earnings-growth ratio of 0.08 and a beta of 0.19. The company has a quick ratio of 0.41, a current ratio of 0.54 and a debt-to-equity ratio of 15.52. The firm’s 50-day moving average price is C$10.68 and its 200-day moving average price is C$9.26.

Obsidian Energy (TSE:OBE) last released its quarterly earnings data on Thursday, February 19th. The company reported C($0.18) EPS for the quarter. Obsidian Energy had a return on equity of 2.51% and a net margin of 5.85%.The business had revenue of C$114.80 million during the quarter. As a group, equities research analysts expect that Obsidian Energy Ltd. will post 1.5996205 earnings per share for the current fiscal year.

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.