Obsidian Energy Ltd (TSE:OBE) shares fell 0% on Thursday . The stock traded as low as C$1.52 and last traded at C$1.54. 535,710 shares traded hands during trading, a decline of 38% from the average session volume of 865,476 shares. The stock had previously closed at C$1.54.

Several brokerages recently weighed in on OBE. Raymond James Financial boosted their target price on Obsidian Energy from C$1.75 to C$2.00 and gave the stock an “outperform” rating in a research note on Monday, November 13th. TD Securities boosted their target price on Obsidian Energy from C$2.00 to C$2.25 in a research note on Monday, November 13th. BMO Capital Markets reaffirmed an “underperform” rating and set a C$1.50 price target on shares of Obsidian Energy in a research report on Monday, November 13th. Canaccord Genuity lifted their price target on Obsidian Energy from C$1.50 to C$1.80 in a research report on Tuesday, November 28th. Finally, Scotiabank lifted 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 report on Monday, November 13th. One research analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company’s stock. Obsidian Energy has an average rating of “Hold” and a consensus target price of C$2.06.

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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.

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