Obsidian Energy Ltd. which can be found using ticker (OBE) now have 2 analysts in total covering the stock. The consensus rating is pointing to ‘Buy’. The target price High/Low ranges between 9.91 and 9.54 calculating the average target price we see $9.73. Now with the previous closing price of $6.35 and the analysts are correct then we can expect a percentage increase in value of 53.2%. It’s also worth noting that there is a 50 day moving average of $6.66 and the 200 day MA is $7.42. The market capitalization for the company is $519m. Visit the company website at: https://www.obsidianenergy.com
The potential market cap would be $796m 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 0.94, revenue per share of 9.41 and a 21.11% return on assets.
