In a new note to investors yesterday, an analyst has provided a rating update for the NA sector company, Obsidian Energy Ltd (TSX: OBE). Analyst Thomas Matthews from AltaCorp Captial rated Obsidian Energy Ltd (TSX: OBE) a Buy, setting a C$2.50 price target.
According to TipRanks.com, Matthews is ranked #512 out of 4853 analysts.
Obsidian Energy Ltd has an analyst consensus of Moderate Buy, with a price target consensus of C$2.01, representing a 47.8% upside. In a report released yesterday, Canaccord Genuity also maintained a Buy rating on the stock with a C$1.80 price target.
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Obsidian Energy Ltd’s market cap is currently C$686.7M and has a P/E ratio of 0. The company has a Price to Book ratio of 0.33.
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 Thursday at C$1.36.
