Obsidian Energy Ltd (OBE), was revisited by a Wall Street analyst on November 16. Analyst Thomas Matthews from AltaCorp Captial rated Obsidian Energy Ltd (OBE) a Buy on November 16, setting a C$1.50 price target.
According to TipRanks.com, Matthews is ranked #2600 out of 4897 analysts.
Obsidian Energy Ltd has an analyst consensus of Moderate Buy, with a price target consensus of C$1.43, which is a 78.8% upside from current levels. In a report issued on November 9, TD Securities also maintained a Buy rating on the stock with a C$1.25 price target.
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Obsidian Energy Ltd’s market cap is currently C$405.8M and has a P/E ratio of 0. The company has a Price to Book ratio of 0.21.
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 Friday at C$0.80, close to its 52-week low of C$0.67.
