In a new note to investors on November 9, an analyst has provided a rating update for Obsidian Energy Ltd (OBE). On November 9, analyst Thomas Matthews gave a Buy rating to OBE and set a C$2.15 price target.
According to TipRanks.com, Matthews is ranked #2313 out of 4905 analysts.
Currently, the analyst consensus on Obsidian Energy Ltd is a Moderate Buy with an average price target of C$1.61, which is a 96.3% 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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The company has a one-year high of C$1.85 and a one-year low of C$0.82. Currently, Obsidian Energy Ltd has an average volume of 215.6K.
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 Friday at C$0.82, equals to its 52-week low of C$0.82.
