Obsidian Energy Ltd (TSE:OBE) had its target price hoisted by equities researchers at Royal Bank Of Canada from C$1.45 to C$1.70 in a note issued to investors on Monday. The firm currently has a “sector perform” rating on the stock. Royal Bank Of Canada’s price target suggests a potential upside of 11.11% from the company’s current price.
Several other research analysts have also recently issued reports on OBE. Scotiabank raised their price objective 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. TD Securities raised their price objective on Obsidian Energy from C$2.00 to C$2.25 in a research note on Monday. Raymond James Financial, Inc. upgraded Obsidian Energy from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from C$1.75 to C$2.00 in a research note on Monday. BMO Capital Markets set a C$1.50 price objective on Obsidian Energy and gave the stock an “underperform” rating in a research note on Monday. Finally, Barclays PLC raised their price objective on Obsidian Energy from C$1.50 to C$2.00 in a research note on Monday.
Obsidian Energy (OBE) traded up C$0.02 during trading on Monday, reaching C$1.53. The company’s stock had a trading volume of 3,909,992 shares, compared to its average volume of 850,062. Obsidian Energy has a 52 week low of C$1.03 and a 52 week 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.
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