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RBC Capital Sticks to Their Hold Rating for Obsidian Energy (OBE)

Tipranks - Tipranks - Sat Jan 24, 6:56AM CST

In a report released yesterday, Rob Mann from RBC Capital maintained a Hold rating on Obsidian Energy, with a price target of C$9.00. The company’s shares closed yesterday at C$8.97.

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Mann covers the Energy sector, focusing on stocks such as Cardinal Energy, Gran Tierra Energy, and Obsidian Energy. According to TipRanks, Mann has an average return of 30.4% and a 100.00% success rate on recommended stocks.

Obsidian Energy has an analyst consensus of Moderate Buy, with a price target consensus of C$9.47, a 5.58% upside from current levels. In a report released yesterday, TipRanks – OpenAI also reiterated a Hold rating on the stock with a C$9.00 price target.

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Based on Obsidian Energy’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of C$130.8 million and a net profit of C$16.8 million. In comparison, last year the company earned a revenue of C$193.6 million and had a net profit of C$33.2 million

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