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Obsidian Energy - OBE Stock Price Target and Predictions

  • Consensus Rating: Buy
  • Consensus Price Target: $15.25
  • Forecasted Upside: 77.95%
  • Number of Analysts: 2
  • Breakdown:
  • 0 Sell Ratings
  • 0 Hold Ratings
  • 2 Buy Ratings
  • 0 Strong Buy Ratings
$8.57 As of 04/24/2024 01:00 AM ET
▲ +0.04 (0.47%)
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Analyst Price Target for OBE

Analyst Price Target is $15.25
▲ +77.95% Upside Potential
This price target is based on 2 analysts offering 12 month price targets for Obsidian Energy in the last 3 months. The average price target is $15.25, with a high forecast of $16.50 and a low forecast of $14.00. The average price target represents a 77.95% upside from the last price of $8.57.

This chart shows the closing price for OBE for the last year in relation to the current analyst high, average, and low pricetarget.

Read Analyst Price Chart DescriptionSkip Analyst Price Chart




Current Consensus is Buy

The current consensus among 2 contributing investment analysts is to buy stock in Obsidian Energy. This Buy consensus rating has held steady for over two years.

Past Monthly Recommendations

Move your mouse over past months for details

Read Past Recommendations DescriptionSkip Past Price Target Consensus Chart
  • 0 strong buy ratings
  • 2 buy ratings
  • 0 hold ratings
  • 0 sell ratings
Ratings as of
11/2/2022
  • 0 strong buy ratings
  • 2 buy ratings
  • 0 hold ratings
  • 0 sell ratings
Ratings as of
1/31/2023
  • 0 strong buy ratings
  • 2 buy ratings
  • 0 hold ratings
  • 0 sell ratings
Ratings as of
5/1/2023
  • 0 strong buy ratings
  • 2 buy ratings
  • 0 hold ratings
  • 0 sell ratings
Ratings as of
7/30/2023
  • 0 strong buy ratings
  • 2 buy ratings
  • 0 hold ratings
  • 0 sell ratings
Ratings as of
10/28/2023
  • 0 strong buy ratings
  • 2 buy ratings
  • 0 hold ratings
  • 0 sell ratings
Ratings as of
1/26/2024
  • 0 strong buy ratings
  • 2 buy ratings
  • 0 hold ratings
  • 0 sell ratings
Ratings as of
3/26/2024
  • 0 strong buy ratings
  • 2 buy ratings
  • 0 hold ratings
  • 0 sell ratings
Ratings as of
4/25/2024

Latest Recommendations

  • 0 strong buy ratings
  • 2 buy ratings
  • 0 hold ratings
  • 0 sell ratings

Display Ratings By
DateBrokerageActionRatingPrice TargetImpact on Share PriceDetails
4/9/2024BMO Capital MarketsInitiated CoverageOutperform$16.50N/A
9/22/2023Royal Bank of CanadaBoost TargetOutperform ➝ Outperform$12.00 ➝ $14.00N/A
9/22/2023BMO Capital MarketsBoost TargetMarket Perform ➝ Market Perform$9.50 ➝ $11.00N/A
4/18/2023Royal Bank of CanadaInitiated CoverageOutperformN/A
11/9/2022Stifel NicolausLower TargetC$19.00 ➝ C$16.75N/A
9/19/2022BMO Capital MarketsUpgradeUnderperform ➝ Market PerformN/A
6/1/2022Stifel NicolausBoost TargetC$17.25 ➝ C$17.75N/A
4/13/2022Stifel NicolausBoost TargetC$14.50 ➝ C$17.25N/A
2/25/2022Raymond JamesBoost TargetC$11.00 ➝ C$13.00N/A
2/25/2022BMO Capital MarketsBoost TargetC$5.00 ➝ C$7.50N/A
2/22/2022Stifel NicolausInitiated CoverageBuyN/A
1/15/2021Raymond JamesUpgradeUnderperform ➝ Market PerformN/A
9/10/2019Raymond JamesDowngradeMarket Perform ➝ UnderperformHigh
8/29/2019BMO Capital MarketsLower TargetUnderperform$1.50 ➝ $1.25Medium
6/25/2019CIBCReiterated RatingHold$1.50Medium
(Data available from 4/25/2019 forward)

News Sentiment Rating

Our news sentiment rating is based on the average sentiment of articles about this company published in the media in the last 30 days of headlines and can range from 2 (very positive sentiment) to -2 (very negative sentiment).

News Sentiment Over Time

Move your mouse over past months for details

Skip to Current Sentiment Summary
  • 1 very positive mentions
  • 2 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
9/28/2023
  • 0 very positive mentions
  • 0 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
10/28/2023
  • 2 very positive mentions
  • 2 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
11/27/2023
  • 0 very positive mentions
  • 1 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
12/27/2023
  • 2 very positive mentions
  • 2 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
1/26/2024
  • 0 very positive mentions
  • 3 positive mentions
  • 1 negative mentions
  • 1 very negative mentions
Mentions as of
2/25/2024
  • 2 very positive mentions
  • 0 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
3/26/2024
  • 0 very positive mentions
  • 0 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
4/25/2024

Current Sentiment

  • 0 very positive mentions
  • 0 positive mentions
  • 0 negative mentions
  • 0 very negative mentions

Recent Stories by Sentiment

Very Negative

  • No very negative mentions tracked during this time.

Negative

  • No negative mentions tracked during this time.

Positive

  • No positive mentions tracked during this time.

Very Positive

  • No very positive mentions tracked during this time.
Obsidian Energy logo
Obsidian Energy Ltd. explores for, develops, and produces oil and natural gas in western Canada. It holds interests in the Alberta Viking, Cardium, Deep Basin, and Peace River areas. The company was formerly known as Penn West Petroleum Ltd. and changed its name to Obsidian Energy Ltd. in June 2017. Obsidian Energy Ltd. was founded in 1979 and is headquartered in Calgary, Canada.
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Today's Range

Now: $8.57
Low: $8.40
High: $8.61

50 Day Range

MA: $0.17
Low: $0.16
High: $0.21

52 Week Range

Now: $8.57
Low: $0.15
High: $2.70

Volume

436,123 shs

Average Volume

399,071 shs

Market Capitalization

$657.40 million

P/E Ratio

8.93

Dividend Yield

N/A

Beta

1.57

Frequently Asked Questions

What sell-side analysts currently cover shares of Obsidian Energy?

The following Wall Street sell-side analysts have issued research reports on Obsidian Energy in the last year: BMO Capital Markets, Royal Bank of Canada, StockNews.com, and TheStreet.
View the latest analyst ratings for OBE.

What is the current price target for Obsidian Energy?

2 Wall Street analysts have set twelve-month price targets for Obsidian Energy in the last year. Their average twelve-month price target is $15.25, suggesting a possible upside of 77.9%. BMO Capital Markets has the highest price target set, predicting OBE will reach $16.50 in the next twelve months. Royal Bank of Canada has the lowest price target set, forecasting a price of $14.00 for Obsidian Energy in the next year.
View the latest price targets for OBE.

What is the current consensus analyst rating for Obsidian Energy?

Obsidian Energy currently has 2 buy ratings from Wall Street analysts. The stock has a consensus analyst rating of "Buy." A "buy" rating indicates that analysts believe OBE will outperform the market and that investors should add to their positions of Obsidian Energy.
View the latest ratings for OBE.

What other companies compete with Obsidian Energy?

Other companies that are similar to Obsidian Energy include VAALCO Energy, Diversified Energy, Berry, Sable Offshore and Vitesse Energy. Learn More about companies similar to Obsidian Energy.

How do I contact Obsidian Energy's investor relations team?

Obsidian Energy's physical mailing address is 207 - 9TH AVENUE S.W. SUITE 200, CALGARY A0, T2P 1K3. The oil and gas company's listed phone number is 403-777-2500 and its investor relations email address is [email protected]. The official website for Obsidian Energy is www.obsidianenergy.com. Learn More about contacing Obsidian Energy investor relations.