Obsidian Energy Ltd (TSE:OBE) Price Target Lowered to C$2.00 at Barclays PLC

Obsidian Energy Ltd (TSE:OBE) had its price objective cut by Barclays PLC from C$2.50 to C$2.00 in a report issued on Monday, July 24th.

Shares of Obsidian Energy (TSE OBE) opened at 1.06 on Monday. Obsidian Energy has a 1-year low of $1.03 and a 1-year high of $1.72. The company’s market capitalization is $534.48 million. The firm has a 50-day moving average of $1.41 and a 200 day moving average of $1.90.

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Obsidian Energy Company Profile

Obsidian Energy Ltd. explores for, develops, and produces oil and natural gas properties in western Canada. It primarily holds interest in the Cardium Resource Play that covers an area of approximately 400 net sections of developed and undeveloped land located in west central Alberta; Peace River Resource Play covering an area of 235 net sections of developed and undeveloped land located in northwestern Alberta; and Viking Resource Play that covers an area of approximately 170 net sections of developed and undeveloped land located in north-central Alberta.

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