Obsidian Energy Ltd. with ticker code (OBE) have now 2 market analysts covering the stock. The analyst consensus now points to a rating of ‘Buy’. The range between the high target price and low target price is between 10.08 and 9.7 calculating the average target price we see $9.89. Given that the stocks previous close was at $6.89 and the analysts are correct then there would likely be a percentage uptick in value of 43.5%. The day 50 moving average is $6.67 while the 200 day moving average is $7.43. The total market capitalization for the company now stands at $555m. Visit the company website at: https://www.obsidianenergy.com
The potential market cap would be $797m based on the market consensus.
Obsidian Energy Ltd. primarily focuses on the exploration, production, and development of oil and natural gas properties in the Western Canada Sedimentary Basin. The company was formerly known as Penn West Petroleum Ltd. and changed its name to Obsidian Energy Ltd. in June 2017. Obsidian Energy Ltd. is headquartered in Calgary, Canada.
The company is not paying dividends at this time.
Other points of data to note are a P/E ratio of 0.95, revenue per share of 9.41 and a 21.11% return on assets.
