Obsidian Energy (TSE:OBE) Price Target Cut to C$13.00 by Analysts at Royal Bank of Canada

Obsidian Energy (TSE:OBE) had its target price reduced by Royal Bank of Canada from C$15.00 to C$13.00 in a research report report published on Tuesday, BayStreet.CA reports.

Obsidian Energy Stock Up 2.0 %

Obsidian Energy stock opened at C$7.98 on Tuesday. Obsidian Energy has a fifty-two week low of C$7.69 and a fifty-two week high of C$12.37. The company has a debt-to-equity ratio of 22.94, a quick ratio of 0.41 and a current ratio of 0.49. The firm has a 50 day moving average price of C$9.35 and a 200 day moving average price of C$10.16. The company has a market capitalization of C$606.56 million, a PE ratio of 6.09, a price-to-earnings-growth ratio of 0.08 and a beta of 2.35.

Obsidian Energy (TSE:OBE) last issued its quarterly earnings results on Thursday, August 1st. The company reported C$0.46 EPS for the quarter. Obsidian Energy had a net margin of 15.81% and a return on equity of 6.56%. The company had revenue of C$208.40 million during the quarter.

Insider Buying and Selling at Obsidian Energy

In other news, Director Michael Faust acquired 40,200 shares of the firm’s stock in a transaction dated Tuesday, August 6th. The stock was acquired at an average cost of C$6.21 per share, with a total value of C$249,654.06. In related news, Director Gordon Malcolm Ritchie purchased 11,000 shares of Obsidian Energy stock in a transaction that occurred on Thursday, September 5th. The stock was purchased at an average cost of C$7.99 per share, with a total value of C$87,890.00. Also, Director Michael Faust purchased 40,200 shares of Obsidian Energy stock in a transaction that occurred on Tuesday, August 6th. The stock was bought at an average cost of C$6.21 per share, with a total value of C$249,654.06. 1.35% of the stock is currently owned by corporate insiders.

Obsidian Energy Company Profile

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.