Obsidian Energy Ltd (OBE) Stock Rating Reaffirmed by BMO Capital Markets

Obsidian Energy Ltd (TSE:OBE)‘s stock had its “underperform” rating reiterated by analysts at BMO Capital Markets in a research report issued to clients and investors on Monday. They currently have a C$1.50 price target on the stock. BMO Capital Markets’ price objective indicates a potential upside of 1.35% from the company’s current price.

Separately, Barclays PLC reduced their price objective on Obsidian Energy from C$2.50 to C$2.00 in a research note on Monday, July 24th. One analyst has rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of C$2.14.

Obsidian Energy (TSE OBE) opened at C$1.48 on Monday. Obsidian Energy has a one year low of C$1.03 and a one year 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.

Analyst Recommendations for Obsidian Energy (TSE:OBE)

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