Shares of Obsidian Energy Ltd (TSE:OBE) have earned an average recommendation of “Hold” from the eleven analysts that are covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. The average 12-month target price among brokers that have covered the stock in the last year is C$2.11.

Several research firms have recently commented on OBE. Raymond James Financial lifted their price objective on Obsidian Energy from C$1.75 to C$2.00 and gave the stock an “outperform” rating in a report on Monday, November 13th. TD Securities boosted their price target on Obsidian Energy from C$2.00 to C$2.25 in a report on Monday, November 13th. BMO Capital Markets restated an “underperform” rating and set a C$1.50 price target on shares of Obsidian Energy in a report on Monday, November 13th. Canaccord Genuity boosted their price target on Obsidian Energy from C$1.50 to C$1.80 in a report on Tuesday, November 28th. Finally, Scotiabank boosted their price target on Obsidian Energy from C$1.75 to C$2.00 and gave the company a “sector perform” rating in a report on Monday, November 13th.

Obsidian Energy (TSE OBE) opened at C$1.53 on Friday. Obsidian Energy has a twelve month low of C$1.03 and a twelve month high of C$2.72.

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Obsidian Energy Company Profile

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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