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Obsidian Energy Sector-Perform Rating, $9 Price Target Maintained by RBC Capital Markets

BY MT Newswires | CORPORATE | 08/19/25 11:06 AM EDT

11:06 AM EDT, 08/19/2025 (MT Newswires) -- RBC Capital Markets, maintained its sector-perform rating and $9.00 price target on the shares of Obsidian Energy (OBE) as the oil and gas producer cut debt.

The company announced that it has elected to redeem $30 million of its outstanding $110.8-million 11.95% senior unsecured notes on Aug. 29.

The transaction aligns with the company's messaging surrounding its focus on balance sheet deleveraging, including the recent monetization of InPlay Oil shares, RBC said. Proceeds will be used to reduce Obsidian's net debt.

Upon redemption, the company will have about $81 million of notes outstanding, RBC said.

Price: 7.84, Change: -0.02, Percent Change: -0.25

MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.

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