Obsidian Energy (OBELF) Got Some Good News

Stock Market

Raymond James analyst Jeremy Mccrea upgraded Obsidian Energy (OBELFResearch Report) to Buy today and set a price target of C$7.50. The company’s shares closed last Friday at $3.54.

According to TipRanks.com, Mccrea is a 4-star analyst with an average return of 8.8% and a 46.1% success rate. Mccrea covers the Utilities sector, focusing on stocks such as Tamarack Valley Energy, Crescent Point Energy, and Headwater Exploration.

Currently, the analyst consensus on Obsidian Energy is a Hold with an average price target of $4.34.

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The company has a one-year high of $4.36 and a one-year low of $0.35. Currently, Obsidian Energy has an average volume of 137.5K.

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Obsidian Energy Ltd. engages the production of oil and gas. It also involves in acquiring, exploring, developing, exploiting, and holding interests in petroleum and natural gas properties and related assets. Its property portfolio includes Cardium, Alberta Viking, Deep Basin, and Peace River. The company was founded on December 27, 1979 and is headquartered in Calgary, Canada.

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