Obsidian Energy Ltd (TSE:OBE) had its price target increased by equities researchers at Raymond James Financial, Inc. from C$1.75 to C$2.00 in a note issued to investors on Monday. The firm currently has an “outperform” rating on the stock. Raymond James Financial, Inc.’s price target would indicate a potential upside of 30.72% from the stock’s current price.

A number of other research analysts also recently issued reports on the stock. Scotiabank boosted their target price on shares of Obsidian Energy from C$1.75 to C$2.00 and gave the company a “sector perform” rating in a research report on Monday. Barclays PLC boosted their price target on shares of Obsidian Energy from C$1.50 to C$2.00 in a research note on Monday. TD Securities boosted their price target on shares of 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 price target on shares of Obsidian Energy in a research note on Monday.

Obsidian Energy (OBE) traded up C$0.02 during trading on Monday, hitting C$1.53. 3,909,992 shares of the company were exchanged, compared to its average volume of 850,062. 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.

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