Obsidian Energy (TSE:OBE) Shares Down 11.1%

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Shares of Obsidian Energy Ltd (TSE:OBE) traded down 11.1% during trading on Friday . The company traded as low as C$0.54 and last traded at C$0.56, 155,964 shares traded hands during trading. An increase of 27% from the average session volume of 123,008 shares. The stock had previously closed at C$0.63.

Several research analysts have recently issued reports on OBE shares. Raymond James set a C$0.25 price objective on shares of Obsidian Energy and gave the company an “underperform” rating in a report on Friday, February 7th. National Bank Financial set a C$0.50 target price on Obsidian Energy and gave the stock an “underperform” rating in a research report on Thursday, April 23rd.

The company’s 50-day moving average price is C$0.30 and its two-hundred day moving average price is C$0.69. The company has a market cap of $51.85 million and a P/E ratio of -0.03. The company has a current ratio of 0.61, a quick ratio of 0.40 and a debt-to-equity ratio of 140.75.

Obsidian Energy (TSE:OBE) last released its earnings results on Monday, March 30th. The company reported C($7.45) EPS for the quarter. The company had revenue of C$112.00 million for the quarter. Equities analysts forecast that Obsidian Energy Ltd will post -2.26 earnings per share for the current year.

About Obsidian Energy (TSE:OBE)

Obsidian Energy Ltd. explores for, develops, and produces oil and natural gas in western Canada. It holds interests in the Alberta Viking, Cardium, Deep Basin, and Peace River areas. The company was formerly known as Penn West Petroleum Ltd. and changed its name to Obsidian Energy Ltd. in June 2017. Obsidian Energy Ltd.

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