Shares of Obsidian Energy Ltd (OBE) were revisited by a Wall Street analyst today. TD Securities’ analyst Juan Jarrah reiterates their Buy rating on the shares, with a C$1.15 price target.
According to TipRanks.com, Jarrah ‘s ranking currently consits of no stars on a 0-5 ranking scale, with an average return of -20.4% and a 14.4% success rate. Jarrah covers the Basic Materials sector, focusing on stocks such as Paramount Resources Ltd, Crescent Point Energy, and Bellatrix Exploration.
Currently, the analyst consensus on Obsidian Energy Ltd is a Moderate Buy with an average price target of C$1.43, which is an 81.0% upside from current levels. In a report issued on November 9, Raymond James also maintained a Buy rating on the stock with a C$2 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 Monday at C$0.79, close to its 52-week low of C$0.67.
