Shares of Obsidian Energy (TSE:OBE) have received a consensus rating of “Hold” from the ten research firms that are currently covering the firm, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is C$1.92.
A number of analysts recently weighed in on OBE shares. Raymond James raised their target price on shares of Obsidian Energy from C$2.00 to C$2.25 and gave the stock an “outperform” rating in a report on Tuesday. Canaccord Genuity upgraded shares of Obsidian Energy from a “hold” rating to a “speculative buy” rating in a report on Tuesday, February 13th. CIBC upgraded shares of Obsidian Energy from an “underperform” rating to a “neutral” rating in a report on Thursday, March 8th. Finally, BMO Capital Markets reduced their target price on shares of Obsidian Energy from C$1.50 to C$1.25 in a report on Thursday, March 8th.
TSE:OBE traded up C$0.06 during trading hours on Friday, reaching C$1.52. 382,359 shares of the company’s stock were exchanged, compared to its average volume of 585,066. Obsidian Energy has a 12 month low of C$1.03 and a 12 month high of C$1.88.
About Obsidian Energy
Obsidian Energy Ltd. explores for, develops, and produces oil and natural gas in western Canada. The company primarily holds interests in the Cardium development area that covers an area of approximately 450 net sections of developed and undeveloped land located in west central Alberta; Peace River development area covering an area of 235 net sections of developed and undeveloped land located in northwestern Alberta; and Viking development area that covers an area of approximately 170 net sections of developed and undeveloped land located in Eastern Alberta.
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