Obsidian Energy Ltd Gets a Buy Rating from TD Securities

By Carrie Williams

In a latest note to investors, a research analyst has provided a rating update for the NA sector company, Obsidian Energy Ltd (TSX: OBE). Analyst Juan Jarrah from TD Securities remains bullish on the stock and has a C$2.25 price target.

Jarrah has an average return of 16.8% when recommending Obsidian Energy Ltd.

According to TipRanks.com, Jarrah is ranked #4194 out of 4702 analysts.

Currently, the analyst consensus on Obsidian Energy Ltd is Hold and the average price target is C$1.72, representing an 11.7% upside.

In a report issued on November 12, AltaCorp Captial also upgraded the stock to Buy with a C$2 price target.

The company has a one-year high of C$2.72 and a one-year low of C$1.03. Currently, Obsidian Energy Ltd has an average volume of 655.2K.

Obsidian Energy Ltd. is a conventional oil and natural gas producer in Canada. It explores and produces oil and natural gas resources. The company engages in the business of acquiring, exploring, developing, exploiting and holding interests in petroleum and natural gas properties and related assets.

The company’s shares closed on Monday at C$1.54.