Obsidian Energy Ltd (TSE:PWT) Receives Average Rating of “Hold” from Analysts
Obsidian Energy Ltd (TSE:PWT) (NYSE:PWE) has been given an average rating of “Hold” by the eleven analysts that are presently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and one has given a buy rating to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is C$2.60.
PWT has been the topic of a number of research reports. TD Securities restated a “buy” rating and set a C$3.00 price objective on shares of Obsidian Energy in a research report on Friday, May 5th. Raymond James Financial, Inc. upped their price target on Obsidian Energy from C$2.50 to C$2.75 and gave the company a “market perform” rating in a research report on Monday, June 12th. BMO Capital Markets reiterated an “underperform” rating and issued a C$2.00 price target on shares of Obsidian Energy in a research report on Thursday, June 8th. National Bank Financial reiterated a “sector perform” rating and issued a C$2.50 price target on shares of Obsidian Energy in a research report on Thursday, May 25th. Finally, Royal Bank Of Canada reiterated a “sector perform” rating and issued a C$2.50 price target on shares of Obsidian Energy in a research report on Friday, June 16th.
Obsidian Energy (TSE:PWT) traded down 4.60% during trading on Friday, reaching $1.66. The company’s stock had a trading volume of 2,637,366 shares. The stock’s 50 day moving average is $1.89 and its 200-day moving average is $2.15. Obsidian Energy has a 52 week low of $1.56 and a 52 week high of $2.72.
About Obsidian Energy
Obsidian Energy Ltd, formerly Penn West Petroleum Ltd, is a Canada-based conventional oil and natural gas producer and development and production company. The Company operates a portfolio of opportunities with an oil position in the Cardium, Viking and Peace River areas of Alberta. The Alberta Viking area offers a mix of light-oil and gas with high-netback shorter cycle wells to complement longer cycle activities in the Cardium.
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