Obsidian Energy Ltd (OBE) has received a rating update from a Wall Street analyst today. Analyst Thomas Matthews from AltaCorp Captial remains bullish on the stock and has a C$0.90 price target.
According to TipRanks.com, Matthews is a 1-star analyst with an average return of -2.6% and a 35.2% success rate. Matthews covers the Basic Materials sector, focusing on stocks such as Crescent Point Energy, Bellatrix Exploration, and Obsidian Energy Ltd.
Currently, the analyst consensus on Obsidian Energy Ltd is a Moderate Buy with an average price target of C$1.01.
The company has a one-year high of C$1.59 and a one-year low of C$0.43. Currently, Obsidian Energy Ltd has an average volume of 322.6K.
Obsidian Energy Ltd. engages the production of oil and gas. I also involves in acquiring, exploring, developing, exploiting, and holding interests in petroleum and natural gas properties and related assets. Its portfolio of properties includes Cardium, Alberta Viking, Deep Basin, and Peace River.
The company’s shares closed on Wednesday at C$0.51, close to its 52-week low of C$0.43.
