Obsidian Energy (TSE:OBE) had its price target upped by National Bank Financial from C$1.50 to C$2.00 in a research note published on Tuesday. They currently have a sector perform rating on the stock.

A number of other equities analysts have also commented on OBE. Barclays cut their price objective on Obsidian Energy from C$2.00 to C$1.50 in a research note on Monday, October 30th. BMO Capital Markets reaffirmed an underperform rating and issued a C$1.50 price objective on shares of Obsidian Energy in a research note on Monday, November 13th. TD Securities lifted their price objective on Obsidian Energy from C$2.00 to C$2.25 in a research note on Monday, November 13th. Scotiabank boosted their price target on Obsidian Energy from C$1.75 to C$2.00 and gave the company a sector perform rating in a research note on Monday, November 13th. Finally, Raymond James Financial boosted their price target on Obsidian Energy from C$1.75 to C$2.00 and gave the company an outperform rating in a research note on Monday, November 13th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the stock. The stock presently has a consensus rating of Hold and a consensus target price of C$1.91.

Obsidian Energy (TSE:OBE) remained flat at $C$1.56 during trading on Tuesday. The company had a trading volume of 317,045 shares, compared to its average volume of 459,835. The company has a market capitalization of $786.77, a price-to-earnings ratio of -3.06 and a beta of 4.35. Obsidian Energy has a one year low of C$1.03 and a one year high of C$2.60.

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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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