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

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

Obsidian Energy Trading Up 0.3 %

OBE opened at C$7.92 on Tuesday. Obsidian Energy has a twelve month low of C$7.66 and a twelve month high of C$12.37. The company has a quick ratio of 0.41, a current ratio of 0.49 and a debt-to-equity ratio of 22.94. The company has a fifty day moving average of C$9.22 and a 200-day moving average of C$10.12. The stock has a market cap of C$602.00 million, a PE ratio of 6.05, a price-to-earnings-growth ratio of 0.08 and a beta of 2.35.

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

Insiders Place Their Bets

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

About Obsidian Energy

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.