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Analysts Offer Insights on Energy Companies: Obsidian Energy (OBE) and EQT (EQT)

Tipranks - Tipranks - Tue Apr 28, 6:20AM CDT

Analysts have been eager to weigh in on the Energy sector with new ratings on Obsidian Energy (OBE) and EQT (EQT).

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Obsidian Energy (OBE)

Raymond James analyst Luke Davis maintained a Buy rating on Obsidian Energy on April 24 and set a price target of C$19.00. The company’s shares closed last Friday at $13.54.

According to TipRanks.com, Davis is a 5-star analyst with an average return of 24.2% and a 63.6% success rate. Davis covers the NA sector, focusing on stocks such as Tamarack Valley Energy, Headwater Exploration, and Paramount Resources. ;'>

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Obsidian Energy with a $11.59 average price target.

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EQT (EQT)

RBC Capital analyst Scott Hanold maintained a Hold rating on EQT yesterday and set a price target of $69.00. The company’s shares closed last Friday at $58.91.

Hanold has an average return of 32.1% when recommending EQT. ;'>

According to TipRanks.com, Hanold is ranked #65 out of 12209 analysts.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for EQT with a $69.30 average price target, a 18.3% upside from current levels. In a report issued on April 16, TipRanks – Anthropic also downgraded the stock to Hold with a $61.00 price target.

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