Obsidian Energy Ltd (OBE) PT Raised to C$2.25
Obsidian Energy Ltd (TSE:OBE) had its price objective hoisted by analysts at TD Securities from C$2.00 to C$2.25 in a report released on Monday. TD Securities’ target price indicates a potential upside of 52.03% from the company’s previous close.
A number of other equities analysts also recently issued reports on the stock. 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. Barclays PLC decreased their price target on shares of Obsidian Energy from C$2.00 to C$1.50 in a research note on Monday, October 30th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company. Obsidian Energy has an average rating of “Hold” and a consensus target price of C$2.14.
Obsidian Energy (OBE) opened at C$1.48 on Monday. Obsidian Energy has a one year low of C$1.03 and a one year 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.
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