Obsidian Energy Ltd (TSE:OBE) had its price objective increased by Scotiabank from C$1.75 to C$2.00 in a research note published on Monday morning. Scotiabank currently has a sector perform rating on the stock.

Several other equities analysts have also recently issued reports on the company. Barclays PLC lifted their price objective on Obsidian Energy from C$1.50 to C$2.00 in a research note on Monday. TD Securities lifted their price objective on Obsidian Energy from C$2.00 to C$2.25 in a research note on Monday. Finally, BMO Capital Markets restated an underperform rating and set a C$1.50 target price on shares of Obsidian Energy in a research note on Monday. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus target price of C$1.91.

Shares of Obsidian Energy (OBE) traded up C$0.01 on Monday, hitting C$1.54. The stock had a trading volume of 1,857,605 shares, compared to its average volume of 854,684. Obsidian Energy has a fifty-two week low of C$1.03 and a fifty-two week high of C$2.72.

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About Obsidian Energy

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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