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TD Securities Sticks to Its Buy Rating for Obsidian Energy Ltd (OBE)


Obsidian Energy Ltd (OBE), was revisited by a Wall Street analyst today. The company received a Buy rating from TD Securities’ analyst Juan Jarrah, with a C$1.25 price target.

According to TipRanks.com, Jarrah is ranked 0 out of 5 stars with an average return of -18.8% and a 16.2% 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$1.63, representing a 98.8% upside. In a report released today, Raymond James also maintained a Buy rating on the stock with a C$2 price target.

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The company has a one-year high of C$1.85 and a one-year low of C$0.88. Currently, Obsidian Energy Ltd has an average volume of 210.8K.

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.