Penn West Petroleum Ltd Company Profile (NYSE:OBE)

About Penn West Petroleum Ltd (NYSE:OBE)

Penn West Petroleum Ltd logoObsidian 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.

Industry, Sector and Symbol:
  • Sector: Oils/Energy
  • Industry: Oil Exploration & Production - Onshore
  • Sub-Industry: N/A
  • Symbol: NYSE:OBE
  • CUSIP: N/A
  • Web: www.pennwest.com
Capitalization:
  • Market Cap: $595.07 million
  • Outstanding Shares: 504,226,000
Average Prices:
  • 50 Day Moving Avg: $1.40
  • 200 Day Moving Avg: $1.61
  • 52 Week Range: $1.06 - $2.05
P/E:
  • Trailing P/E Ratio: N/A
  • Foreward P/E Ratio: -11.80
  • P/E Growth: 0.00
Profitability:
  • Net Margins: -95.25%
  • Return on Equity: -22.87%
  • Return on Assets: -14.47%
Debt:
  • Debt-to-Equity Ratio: 0.16%
  • Current Ratio: 1.06%
  • Quick Ratio: 1.06%
Misc:
  • Average Volume: 1.45 million shs.
  • Beta: 4.7
 
Frequently Asked Questions for Penn West Petroleum Ltd (NYSE:OBE)

What is Penn West Petroleum Ltd's stock symbol?

Penn West Petroleum Ltd trades on the New York Stock Exchange (NYSE) under the ticker symbol "OBE."

How were Penn West Petroleum Ltd's earnings last quarter?

Penn West Petroleum Ltd (NYSE:OBE) issued its quarterly earnings data on Thursday, May, 4th. The company reported $0.04 EPS for the quarter, topping the Thomson Reuters' consensus estimate of ($0.01) by $0.05. The business earned $99.72 million during the quarter. Penn West Petroleum Ltd had a negative net margin of 95.25% and a negative return on equity of 22.87%. View Penn West Petroleum Ltd's Earnings History.

Where is Penn West Petroleum Ltd's stock going? Where will Penn West Petroleum Ltd's stock price be in 2017?

7 brokerages have issued 1-year price targets for Penn West Petroleum Ltd's shares. Their forecasts range from $2.25 to $2.60. On average, they anticipate Penn West Petroleum Ltd's stock price to reach $2.46 in the next twelve months. View Analyst Ratings for Penn West Petroleum Ltd.

What are analysts saying about Penn West Petroleum Ltd stock?

Here are some recent quotes from research analysts about Penn West Petroleum Ltd stock:

  • 1. According to Zacks Investment Research, "PENN WEST ENERGY TRUST is a senior oil and natural gas energy trust based in Calgary, Alberta. Penn West trust units and debentures are listed on the Toronto Stock Exchange under the symbols PWT.UN, PWT.DB.A, PWT.DB.B, PWT.DB.C, PWT.DB.D, PWT.DB.E and PWT.DB.F and Penn West trust units are listed on the New York Stock Exchange under the symbol PWE. " (7/5/2017)
  • 2. TD Securities analysts commented, "In our view, Penn West has come to the final stretch of a successful divestiture program and corporate transformation. Looking ahead, the focus now shifts towards execution on the right-sized asset base. This includes forecasts of double-digit growth (Q4/16 to Q4/17) on the remaining assets, continued reductions to cash costs, and building on positive well results within the core areas. We are moving to a BUY rating (from Hold), and taking our target price to $3.00 (from $2.75)." (3/15/2017)

Who are some of Penn West Petroleum Ltd's key competitors?

Who are Penn West Petroleum Ltd's key executives?

Penn West Petroleum Ltd's management team includes the folowing people:

  • Richard L. George, Independent Chairman of the Board
  • David Lawrence French, President, Chief Executive Officer, Director
  • David Warren Hendry, Chief Financial Officer
  • Tony Berthelet, Vice President - Development & Operations
  • Andrew Francis Sweerts, Vice President - Production & Technical Services
  • Mark Hodgson, Vice President - Business Development and Commercial
  • George H. Brookman, Independent Director
  • John Brydson, Independent Director
  • Raymond D. Crossley, Independent Director
  • William A. Friley Jr., Independent Director

How do I buy Penn West Petroleum Ltd stock?

Shares of Penn West Petroleum Ltd can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Penn West Petroleum Ltd's stock price today?

One share of Penn West Petroleum Ltd stock can currently be purchased for approximately $1.18.


MarketBeat Community Rating for Penn West Petroleum Ltd (NYSE OBE)
Community Ranking:  0.7 out of 5 ()
Outperform Votes:  40 (Vote Outperform)
Underperform Votes:  235 (Vote Underperform)
Total Votes:  275
MarketBeat's community ratings are surveys of what our community members think about Penn West Petroleum Ltd and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.

Analyst Ratings

Consensus Ratings for Penn West Petroleum Ltd (NYSE:OBE) (How are Consensus Ratings Calculated?)
Ratings Breakdown: 6 Hold Ratings, 1 Buy Rating
Consensus Rating:Hold (Score: 2.14)
Consensus Price Target: $2.46 (108.69% upside)

Analysts' Ratings History for Penn West Petroleum Ltd (NYSE:OBE)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
6/5/2017Canaccord GenuityInitiated CoverageHold -> HoldLowView Rating Details
4/12/2017Raymond James Financial, Inc.DowngradeOutperform -> Market PerformMediumView Rating Details
4/11/2017AltaCorp CapitalDowngradeOutperform -> Sector PerformLowView Rating Details
3/15/2017TD SecuritiesUpgradeHold -> BuyMediumView Rating Details
12/16/2016CIBCReiterated RatingNeutral$2.60N/AView Rating Details
11/3/2016ScotiabankReiterated RatingSector Perform$2.25N/AView Rating Details
11/3/2016Royal Bank Of CanadaReiterated RatingSector Perform$2.50N/AView Rating Details
7/22/2016Barclays PLCUpgradeUnderweight -> Equal Weight$1.50 -> $2.00N/AView Rating Details
6/15/2016DesjardinsReiterated RatingHold$1.75N/AView Rating Details
6/6/2016J P Morgan Chase & CoDowngradeNeutral -> UnderweightN/AView Rating Details
1/13/2016Dundee SecuritiesReiterated RatingSell$0.55N/AView Rating Details
(Data available from 7/24/2015 forward)

Earnings

Earnings History for Penn West Petroleum Ltd (NYSE:OBE)
Earnings by Quarter for Penn West Petroleum Ltd (NYSE:OBE)
Earnings History by Quarter for Penn West Petroleum Ltd (NYSE OBE)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
5/4/20173/31/2017($0.01)$0.04$99.72 millionViewN/AView Earnings Details
5/16/2016Q116($0.14)($0.20)$199.55 million$231.00 millionViewN/AView Earnings Details
3/10/2016Q415($0.19)($3.20)$259.03 million$273.00 millionViewN/AView Earnings Details
11/5/2015Q315($0.22)($1.14)$300.31 million$295.00 millionViewN/AView Earnings Details
7/30/2015Q215($0.13)($0.06)$371.08 million$360.00 millionViewListenView Earnings Details
4/30/2015Q115($0.25)($0.41)$321.52 million$384.00 millionViewN/AView Earnings Details
3/12/2015Q414($0.02)($3.57)$460.33 million$473.00 millionViewN/AView Earnings Details
11/5/2014Q314$0.08($0.03)$605.94 million$584.00 millionViewN/AView Earnings Details
9/18/2014Q214$0.06$0.29$650.00 millionViewN/AView Earnings Details
5/1/2014Q114$0.08($0.20)$630.86 million$668.00 millionViewN/AView Earnings Details
3/7/2014Q413($0.04)($1.49)$606.00 millionViewN/AView Earnings Details
11/6/2013Q313$0.04$0.05$779.00 millionViewN/AView Earnings Details
8/8/2013Q213($0.04)($0.08)$722.86 million$647.00 millionViewN/AView Earnings Details
5/2/2013Q113($0.59)$870.00 million$704.00 millionViewN/AView Earnings Details
2/14/2013Q412$0.62$979.00 million$799.00 millionViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Penn West Petroleum Ltd (NYSE:OBE)
Current Year EPS Consensus Estimate: $-0.08 EPS
Next Year EPS Consensus Estimate: $-0.1 EPS

Dividends

Current Dividend Information for Penn West Petroleum Ltd (NYSE:OBE)
Most Recent Dividend:10/15/2015
Dividend Yield:0.00%
Dividend Growth:0.00% (3 Year Average)
Payout Ratio:0.00% (Trailing 12 Months of Earnings)
0.00% (Based on This Year's Estimates)
0.00% (Based on Next Year's Estimates)
Dividend Payments by Quarter for Penn West Petroleum Ltd (NYSE:OBE)

Dividend History by Quarter for Penn West Petroleum Ltd (NYSE OBE)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
7/30/2015quarterly$0.012.22%9/28/20159/30/201510/15/2015
4/30/2015quarterly$0.011.36%6/26/20156/30/20157/15/2015
3/12/2015quarterly$0.012.23%3/27/20153/31/20154/15/2015
11/5/2014quarterly$0.1412.03%12/29/201412/31/20141/15/2015
9/18/2014quarterly$0.146.66%9/26/20149/30/201410/15/2014
4/30/2014quarterly$0.145.55%6/26/20146/30/20147/15/2014
3/7/2014quarterly$0.145.95%3/27/20143/31/20144/15/2014
11/6/2013$0.1312/27/201312/31/20131/15/2014
11/6/2013quarterly$0.145.74%12/27/201312/31/20131/15/2014
8/8/2013quarterly$0.144.38%9/26/20139/30/201310/15/2013
5/2/2013quarterly$0.2711.31%6/26/20136/28/20137/15/2013
2/15/2013quarterly$0.2710.61%3/26/20133/28/20134/15/2013
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading and Institutional Ownership History for Penn West Petroleum Ltd (NYSE:OBE)
Institutional Ownership Percentage: 19.70%
Insider Trades by Quarter for Penn West Petroleum Ltd (NYSE:OBE)
Insider Trades by Quarter for Penn West Petroleum Ltd (NYSE:OBE)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
10/19/2016Cheuk Fund HoInsiderSell1,190,600$1.80$2,143,080.00View SEC Filing  
10/17/2016Cheuk Fund HoInsiderSell335,544$1.82$610,690.08View SEC Filing  
10/14/2016Cheuk Fund HoInsiderSell1,044,900$1.90$1,985,310.00View SEC Filing  
10/13/2016Cheuk Fund HoInsiderSell1,020,000$1.83$1,866,600.00View SEC Filing  
10/12/2016Cheuk Fund HoInsiderSell825,500$1.87$1,543,685.00View SEC Filing  
10/11/2016Cheuk Fund HoInsiderSell627,300$1.90$1,191,870.00View SEC Filing  
10/10/2016Cheuk Fund HoInsiderSell446,800$1.91$853,388.00View SEC Filing  
10/7/2016Cheuk Fund HoInsiderSell771,100$1.89$1,457,379.00View SEC Filing  
10/6/2016Cheuk Fund HoInsiderSell1,140,000$1.92$2,188,800.00View SEC Filing  
10/5/2016Cheuk Fund HoInsiderSell1,140,000$1.91$2,177,400.00View SEC Filing  
10/4/2016Cheuk Fund HoInsiderSell690,000$1.85$1,276,500.00View SEC Filing  
10/3/2016Cheuk Fund HoInsiderSell746,720$1.84$1,373,964.80View SEC Filing  
9/30/2016Cheuk Fund HoInsiderSell955,100$1.82$1,738,282.00View SEC Filing  
9/29/2016Cheuk Fund HoInsiderSell1,650,000$1.86$3,069,000.00View SEC Filing  
9/28/2016Cheuk Fund HoInsiderSell1,560,000$1.82$2,839,200.00View SEC Filing  
9/26/2016Cheuk Fund HoInsiderSell131,500$1.80$236,700.00View SEC Filing  
9/23/2016Cheuk Fund HoInsiderSell325,300$1.83$595,299.00View SEC Filing  
9/22/2016Cheuk Fund HoInsiderSell720,000$1.85$1,332,000.00View SEC Filing  
9/21/2016Cheuk Fund HoInsiderSell696,000$1.81$1,259,760.00View SEC Filing  
9/20/2016Cheuk Fund HoInsiderSell595,900$1.81$1,078,579.00View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Headline Trends for Penn West Petroleum Ltd (NYSE:OBE)
Latest Headlines for Penn West Petroleum Ltd (NYSE:OBE)
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Chart

Penn West Petroleum Ltd (OBE) Chart for Monday, July, 24, 2017

This page was last updated on 7/24/2017 by MarketBeat.com Staff