Obsidian Energy Ltd (TSE:OBE) was upgraded by analysts at AltaCorp Capital from a “sector perform” rating to an “outperform” rating in a note issued to investors on Monday.

Several other research analysts have also recently issued reports on the company. Barclays PLC decreased their price target on Obsidian Energy from C$2.50 to C$2.00 in a research note on Monday, July 24th. Royal Bank Of Canada increased their price target on Obsidian Energy from C$1.45 to C$1.70 and gave the stock a “sector perform” rating in a research note on Monday. Scotiabank increased their price target on Obsidian Energy from C$1.75 to C$2.00 and gave the stock a “sector perform” rating in a research note on Monday. BMO Capital Markets reissued an “underperform” rating and issued a C$1.50 price target on shares of Obsidian Energy in a research note on Monday. Finally, TD Securities increased their price target on Obsidian Energy from C$2.00 to C$2.25 in a research note on Monday. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of C$2.14.

Obsidian Energy (TSE OBE) opened at C$1.48 on Monday. Obsidian Energy has a 52 week low of C$1.03 and a 52 week high of C$2.72.

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Obsidian Energy Company Profile

Obsidian Energy Ltd. explores for, develops, and produces oil and natural gas properties in western Canada. It primarily holds interest in the Cardium Resource Play that covers an area of approximately 400 net sections of developed and undeveloped land located in west central Alberta; Peace River Resource Play covering an area of 235 net sections of developed and undeveloped land located in northwestern Alberta; and Viking Resource Play that covers an area of approximately 170 net sections of developed and undeveloped land located in north-central Alberta.

Analyst Recommendations for Obsidian Energy (TSE:OBE)

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