The Materials sector company, Obsidian Energy Ltd (OBE), has received a rating update from a Wall Street analyst on February 11. The company received a Sell on February 11 from BMO Capital’s analyst Ray Kwan, with a C$0.50 price target.
According to TipRanks.com, Kwan is ranked 0 out of 5 stars with an average return of -13.3% and a 28.6% success rate. Kwan covers the Basic Materials sector, focusing on stocks such as Tamarack Valley Energy Ltd, Paramount Resources Ltd, and Freehold Royalties Ltd.
Currently, the analyst consensus on Obsidian Energy Ltd is a Moderate Buy with an average price target of C$0.95.
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$0.48, close to its 52-week low of C$0.43.
