Obsidian Energy Ltd (OBE) Receives Consensus Rating of “Hold” from Brokerages

Shares of Obsidian Energy Ltd (TSE:OBE) have been assigned an average rating of “Hold” from the eleven brokerages that are currently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is C$2.14.

A number of equities research analysts have recently issued reports on the stock. AltaCorp Capital raised shares of Obsidian Energy from a “sector perform” rating to an “outperform” rating in a research report on Monday. Royal Bank Of Canada boosted their price objective on shares of Obsidian Energy from C$1.45 to C$1.70 and gave the company a “sector perform” rating in a research report on Monday. Raymond James Financial, Inc. boosted their price objective on shares of Obsidian Energy from C$1.75 to C$2.00 and gave the company an “outperform” rating in a research report on Monday. Scotiabank boosted their price objective on shares of Obsidian Energy from C$1.75 to C$2.00 and gave the company a “sector perform” rating in a research report on Monday. Finally, Barclays PLC boosted their price objective on shares of Obsidian Energy from C$1.50 to C$2.00 in a research report on Monday.

Shares of Obsidian Energy (OBE) traded up C$0.01 during mid-day trading on Tuesday, hitting C$1.54. 1,857,605 shares of the stock were exchanged, compared to its average volume of 854,684. Obsidian Energy has a 12-month low of C$1.03 and a 12-month high of C$2.72.

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About Obsidian Energy

Obsidian Energy Ltd. explores for, develops, and produces oil and natural gas properties in western Canada. It primarily holds interest in the Cardium Resource Play that covers an area of approximately 400 net sections of developed and undeveloped land located in west central Alberta; Peace River Resource Play covering an area of 235 net sections of developed and undeveloped land located in northwestern Alberta; and Viking Resource Play that covers an area of approximately 170 net sections of developed and undeveloped land located in north-central Alberta.

Analyst Recommendations for Obsidian Energy (TSE:OBE)

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