Other equities research analysts have also recently issued research reports about the stock. Raymond James Financial raised 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, November 13th. TD Securities raised their target price on shares of Obsidian Energy from C$2.00 to C$2.25 in a research note on Monday, November 13th. BMO Capital Markets reaffirmed an underperform rating and issued a C$1.50 target price on shares of Obsidian Energy in a research note on Monday, November 13th. National Bank Financial raised their target price on shares of Obsidian Energy from C$1.50 to C$2.00 and gave the company a sector perform rating in a research note on Tuesday, January 9th. Finally, Canaccord Genuity lifted their price objective on shares of Obsidian Energy from C$1.50 to C$1.80 in a research note on Tuesday, November 28th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company. The company presently has a consensus rating of Hold and a consensus price target of C$1.84.
Shares of Obsidian Energy (TSE OBE) traded up C$0.03 during trading on Thursday, hitting C$1.23. 205,123 shares of the company were exchanged, compared to its average volume of 638,666. The firm has a market cap of $610.25, a PE ratio of -7.06 and a beta of 4.05. Obsidian Energy has a 1-year low of C$1.03 and a 1-year high of C$2.36.
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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.
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