National Bank Financial Boosts Obsidian Energy (TSE:OBE) Price Target to C$2.00

Obsidian Energy (TSE:OBE) had its price objective increased by National Bank Financial from C$1.50 to C$2.00 in a research report sent to investors on Tuesday, January 9th. National Bank Financial currently has a sector perform rating on the stock.

OBE has been the topic of several other reports. Canaccord Genuity boosted their target price on Obsidian Energy from C$1.50 to C$1.80 in a research note on Tuesday, November 28th. AltaCorp Capital raised Obsidian Energy from a sector perform rating to an outperform rating in a research note on Monday, November 13th. Royal Bank of Canada upped their price target on Obsidian Energy from C$1.45 to C$1.70 and gave the stock a sector perform rating in a research note on Monday, November 13th. Raymond James Financial boosted their target price on Obsidian Energy from C$1.75 to C$2.00 and gave the stock an outperform rating in a report on Monday, November 13th. Finally, Scotiabank boosted their target price on Obsidian Energy from C$1.75 to C$2.00 and gave the stock a sector perform rating in a report on Monday, November 13th. One analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company. The company currently has a consensus rating of Hold and an average price target of C$1.91.

Obsidian Energy (OBE) opened at C$1.50 on Tuesday. The company has a market capitalization of $756.51, a PE ratio of -2.94 and a beta of 4.35. Obsidian Energy has a 12 month low of C$1.03 and a 12 month high of C$2.58.

Obsidian Energy (TSE:OBE) last issued its quarterly earnings results on Friday, November 10th. The company reported C($0.09) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of C($0.06) by C($0.03). Obsidian Energy had a negative net margin of 51.16% and a negative return on equity of 7.86%.

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Obsidian Energy Company Profile

Obsidian Energy Ltd. explores for, develops, and produces oil and natural gas properties in western Canada. It primarily holds interest in the Cardium Resource Play that covers an area of approximately 400 net sections of developed and undeveloped land located in west central Alberta; Peace River Resource Play covering an area of 235 net sections of developed and undeveloped land located in northwestern Alberta; and Viking Resource Play that covers an area of approximately 170 net sections of developed and undeveloped land located in north-central Alberta.

Analyst Recommendations for Obsidian Energy (TSE:OBE)

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