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A report released today by RBC Capital Markets about Obsidian Energy (UNKNOWN:OBE) raises the target price to $1.71

Just yesterday Obsidian Energy (UNKNOWN:OBE) traded 0.97% higher at $1.21. Obsidian Energy’s 50-day moving average is $1.03 and its 200-day moving average is $1.25. The last stock price is down -17.00% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has increased 0.02% over the same time period. 286,746 shares of Obsidian Energy exchanged hands, down from an avg. volume of 1,314,420

In a report released on 11/13/2017 RBC Capital Markets increased the stock price target of Obsidian Energy (UNKNOWN:OBE) from $1.45 to $1.71 reporting a possible upside of 0.41%.

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Obsidian Energy (UNKNOWN:OBE)

With a total market value of $0, Obsidian Energy has with a one year low of $0.82 and a one year high of $2.05 .

More About Obsidian Energy (UNKNOWN:OBE)

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. The Cardium is concentrated on the low-decline and high-netback light-oil production. The Company is focused on an integrated waterflood approach in which it maintain reservoir pressure from the start of production to reduce decline rates on new wells. The Peace River operates in a crude oil resource industry.

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