Barclays PLC Increases Obsidian Energy Ltd (OBE) Price Target to C$2.00
Obsidian Energy Ltd (TSE:OBE) had its price objective upped by stock analysts at Barclays PLC from C$1.50 to C$2.00 in a research note issued on Monday. Barclays PLC’s price objective would suggest a potential upside of 30.72% from the company’s previous close.
OBE has been the subject of a number of other reports. TD Securities raised their price target on Obsidian Energy from C$2.00 to C$2.25 in a research note on Monday. BMO Capital Markets restated an “underperform” rating and issued a C$1.50 price target on shares of Obsidian Energy in a research note on Monday.
Obsidian Energy (TSE:OBE) traded up C$0.02 during trading hours on Monday, hitting C$1.53. The company had a trading volume of 3,909,992 shares, compared to its average volume of 850,062. Obsidian Energy has a fifty-two week low of C$1.03 and a fifty-two week high of C$2.72.
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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