A number of other analysts have also recently weighed in on OBE. BMO Capital Markets reissued an underperform rating and set a C$1.50 target price on shares of Obsidian Energy in a report on Monday. Barclays PLC dropped their target price on shares of Obsidian Energy from C$2.00 to C$1.50 in a report on Monday, October 30th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the stock. The company currently has a consensus rating of Hold and an average target price of C$2.14.
Shares of Obsidian Energy (TSE:OBE) opened at C$1.57 on Monday. Obsidian Energy has a twelve month low of C$1.03 and a twelve month high of C$2.72.
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.
Receive News & Ratings for Obsidian Energy Ltd Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Obsidian Energy Ltd and related companies with MarketBeat.com's FREE daily email newsletter.