Obsidian Energy Ltd Receives a Hold from Desjardins

By Ryan Adsit

Obsidian Energy Ltd (TSX: OBE), the NA sector company, has received a rating update from a Wall Street analyst today. Analyst Justin Bouchard from Desjardins reiterated a Hold rating, with a C$1.75 price target.

According to TipRanks.com, Bouchard is ranked #4246 out of 4743 analysts.

Obsidian Energy Ltd has an analyst consensus of Hold, with a price target consensus of C$1.91.

The company has a one-year high of C$2.60 and a one-year low of C$1.03. Currently, Obsidian Energy Ltd has an average volume of 809.6K.

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 Friday at C$1.55.