Analysts rate Obsidian Energy Ltd with a consensus Strong Buy rating and a 12-month average target price of $16.96 per share.
Based on the Obsidian Energy Ltd stock forecasts from 3 analysts, the average analyst target price for Obsidian Energy Ltd is CAD 16.96 over the next 12 months. Obsidian Energy Ltd’s average analyst rating is Strong Buy. Stock Target Advisor’s own stock analysis of Obsidian Energy Ltd is Slightly Bearish, which is based on 3 positive signals and 5 negative signals. At the last closing, Obsidian Energy Ltd’s stock price was CAD 12.32. Obsidian Energy Ltd’s stock price has changed by -2.22% over the past week, +12.82% over the past month and +265.58% over the last year.
About Obsidian Energy Ltd (OBE:CA:TSX)
Obsidian Energy Ltd. primarily focuses on the exploration, production, and development of oil and natural gas properties in the Western Canada Sedimentary Basin. 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.
What we like:
Superior capital utilization
The company management has delivered better return on invested capital in the most recent 4 quarters than its peers, placing it in the top quartile.
Positive cash flow
The company had positive total cash flow in the most recent four quarters.
Positive free cash flow
The company had positive total free cash flow in the most recent four quarters.
What we don’t like:
The total returns for this company are volatile and above median for its sector over the past 5 years. Make sure you have the risk tolerance for investing in such stock.
Poor return on equity
The company management has delivered below median return on equity in the most recent 4 quarters compared to its peers.
Poor return on assets
The company management has delivered below median return on assets in the most recent 4 quarters compared to its peers.
Low Earnings Growth
This stock has shown below median earnings growth in the previous 5 years compared to its sector
Low Revenue Growth
This stock has shown below median revenue growth in the previous 5 years compared to its sector.