Obsidian Energy Ltd (OBE) Given New C$2.00 Price Target at Barclays PLC

Obsidian Energy Ltd (TSE:OBE) had its target price cut by Barclays PLC from C$2.50 to C$2.00 in a research note released on Monday, July 24th.

Obsidian Energy (OBE) opened at 1.23 on Monday. The stock’s 50 day moving average is $1.50 and its 200 day moving average is $1.95. The firm’s market cap is $620.20 million. Obsidian Energy has a 12 month low of $1.20 and a 12 month high of $2.72.

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Obsidian Energy Company Profile

Obsidian Energy Ltd, formerly Penn West Petroleum Ltd, is a Canada-based conventional oil and natural gas producer and development and production company. The Company operates a portfolio of opportunities with an oil position in the Cardium, Viking and Peace River areas of Alberta. The Alberta Viking area offers a mix of light-oil and gas with high-netback shorter cycle wells to complement longer cycle activities in the Cardium.

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