Obsidian Energy Ltd (TSE:OBE) had its price objective raised by Raymond James Financial, Inc. from C$1.75 to C$2.00 in a research note issued to investors on Monday. The brokerage presently has an “outperform” rating on the stock. Raymond James Financial, Inc.’s target price points to a potential upside of 35.14% from the company’s previous close.
Several other brokerages have also recently commented on OBE. Barclays PLC reduced their price target on Obsidian Energy from C$2.50 to C$2.00 in a research report on Monday, July 24th. Scotiabank increased their price target on Obsidian Energy from C$1.75 to C$2.00 and gave the company a “sector perform” rating in a research report on Monday. BMO Capital Markets reissued an “underperform” rating and set a C$1.50 price target on shares of Obsidian Energy in a research report on Monday. Finally, TD Securities increased their price target on Obsidian Energy from C$2.00 to C$2.25 in a research report on Monday. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of C$2.14.
Obsidian Energy (TSE:OBE) opened at C$1.48 on Monday. Obsidian Energy has a 52-week low of C$1.03 and a 52-week high of C$2.72.
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Obsidian Energy Company Profile
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.
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