Obsidian Energy Ltd (OBE), the Materials sector company, was revisited by a Wall Street analyst yesterday. The company received a Sell rating from GMP FirstEnergy’s analyst Cody Kwong, with a C$0.70 price target.
According to TipRanks.com, Kwong has currently no stars on a ranking scale of 0-5 stars, with an average return of -26.9% and a 23.1% success rate. Kwong covers the Basic Materials sector, focusing on stocks such as Tamarack Valley Energy Ltd, Obsidian Energy Ltd, and Parex Resources Inc.
Currently, the analyst consensus on Obsidian Energy Ltd is a Hold with an average price target of C$0.92, representing a 91.7% upside. In a report issued on February 11, BMO Capital also reiterated a Sell rating on the stock with a C$0.50 price target.
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Obsidian Energy Ltd’s market cap is currently C$243.5M and has a P/E ratio of 0. The company has a Price to Book ratio of 0.12.
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$0.48, close to its 52-week low of C$0.43.
