Obsidian Energy Ltd (TSE:OBE) had its target price upped by Royal Bank Of Canada from C$1.45 to C$1.70 in a report released on Monday morning. The brokerage currently has a sector perform rating on the stock.
Other analysts have also issued research reports about the company. Raymond James Financial, Inc. raised their price target on Obsidian Energy from C$1.75 to C$2.00 and gave the stock an outperform rating in a research note on Monday. Scotiabank raised their price target on Obsidian Energy from C$1.75 to C$2.00 and gave the stock a sector perform rating in a research note on Monday. Barclays PLC increased their price objective on Obsidian Energy from C$1.50 to C$2.00 in a report on Monday. TD Securities increased their price objective on Obsidian Energy from C$2.00 to C$2.25 in a report on Monday. Finally, BMO Capital Markets reiterated an underperform rating and issued a C$1.50 price objective on shares of Obsidian Energy in a report on Monday. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company’s stock. Obsidian Energy currently has a consensus rating of Hold and an average price target of C$2.14.
Obsidian Energy (TSE:OBE) traded up C$0.09 during trading hours on Monday, hitting C$1.57. The stock had a trading volume of 1,582,616 shares, compared to its average volume of 860,644. Obsidian Energy has a 52-week low of C$1.03 and a 52-week high of C$2.72.
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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