The NA sector company, Obsidian Energy Ltd (TSX: OBE), has received a rating update from a Wall Street analyst today. Raymond James’ analyst Jeremy Mccrea reiterates their Buy rating on the shares, with a C$2.25 price target.
According to TipRanks.com, Mccrea is ranked #1843 out of 4886 analysts.
Currently, the analyst consensus on Obsidian Energy Ltd is a Strong Buy with an average price target of C$2.03, which is a 70.6% upside from current levels. In a report issued on September 26, TD Securities also reiterated a Buy rating on the stock with a C$2 price target.
The company has a one-year high of C$1.85 and a one-year low of C$1.06. Currently, Obsidian Energy Ltd has an average volume of 236.7K.
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$1.19, close to its 52-week low of C$1.06.