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.
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
- Market Cap: $595.07 million
- Outstanding Shares: 504,226,000
- 50 Day Moving Avg: $1.40
- 200 Day Moving Avg: $1.61
- 52 Week Range: $1.06 - $2.05
- Trailing P/E Ratio: N/A
- Foreward P/E Ratio: -11.80
- P/E Growth: 0.00
- Net Margins: -95.25%
- Return on Equity: -22.87%
- Return on Assets: -14.47%
- Debt-to-Equity Ratio: 0.16%
- Current Ratio: 1.06%
- Quick Ratio: 1.06%
- 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?
Some companies that are related to Penn West Petroleum Ltd include USA Compression Partners, LP (USAC), Nustar GP Holdings, LLC (NSH), Warrior Met Coal (HCC), Halcon Resources Corporation (HK), Exterran Corporation (EXTN), CrossAmerica Partners LP (CAPL), American Midstream Partners, LP (AMID), NCS Multistage Holdings (NCSM), Noble Corporation (NE), Canadian Solar (CSIQ), Archrock Partners, L.P. (APLP), Unit Corporation (UNT), Golar LNG Partners LP (GMLP), SolarEdge Technologies (SEDG), EP Energy Corporation (EPE), Precision Drilling Corporation (PDS), JinkoSolar Holding Company Limited (JKS) and Delek Logistics Partners, L.P. (DKL).
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?
MarketBeat Community Rating for Penn West Petroleum Ltd (NYSE OBE)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.
One share of Penn West Petroleum Ltd stock can currently be purchased for approximately $1.18.
Consensus Ratings for Penn West Petroleum Ltd (NYSE:OBE) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|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)
(Data available from 7/24/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|6/5/2017||Canaccord Genuity||Initiated Coverage||Hold -> Hold||Low|
|4/12/2017||Raymond James Financial, Inc.||Downgrade||Outperform -> Market Perform||Medium|
|4/11/2017||AltaCorp Capital||Downgrade||Outperform -> Sector Perform||Low|
|3/15/2017||TD Securities||Upgrade||Hold -> Buy||Medium|
|11/3/2016||Scotiabank||Reiterated Rating||Sector Perform||$2.25||N/A|
|11/3/2016||Royal Bank Of Canada||Reiterated Rating||Sector Perform||$2.50||N/A|
|7/22/2016||Barclays PLC||Upgrade||Underweight -> Equal Weight||$1.50 -> $2.00||N/A|
|6/6/2016||J P Morgan Chase & Co||Downgrade||Neutral -> Underweight||N/A|
|1/13/2016||Dundee Securities||Reiterated Rating||Sell||$0.55||N/A|
Earnings History for Penn West Petroleum Ltd (NYSE:OBE)Earnings History by Quarter for Penn West Petroleum Ltd (NYSE OBE)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|5/16/2016||Q116||($0.14)||($0.20)||$199.55 million||$231.00 million||View||N/A|
|3/10/2016||Q415||($0.19)||($3.20)||$259.03 million||$273.00 million||View||N/A|
|11/5/2015||Q315||($0.22)||($1.14)||$300.31 million||$295.00 million||View||N/A|
|7/30/2015||Q215||($0.13)||($0.06)||$371.08 million||$360.00 million||View||Listen|
|4/30/2015||Q115||($0.25)||($0.41)||$321.52 million||$384.00 million||View||N/A|
|3/12/2015||Q414||($0.02)||($3.57)||$460.33 million||$473.00 million||View||N/A|
|11/5/2014||Q314||$0.08||($0.03)||$605.94 million||$584.00 million||View||N/A|
|5/1/2014||Q114||$0.08||($0.20)||$630.86 million||$668.00 million||View||N/A|
|8/8/2013||Q213||($0.04)||($0.08)||$722.86 million||$647.00 million||View||N/A|
|5/2/2013||Q113||($0.59)||$870.00 million||$704.00 million||View||N/A|
|2/14/2013||Q412||$0.62||$979.00 million||$799.00 million||View||N/A|
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
Current Dividend Information for Penn West Petroleum Ltd (NYSE:OBE)
|Most Recent Dividend:||10/15/2015|
|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 History by Quarter for Penn West Petroleum Ltd (NYSE OBE)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
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)
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|10/19/2016||Cheuk Fund Ho||Insider||Sell||1,190,600||$1.80||$2,143,080.00|| |
|10/17/2016||Cheuk Fund Ho||Insider||Sell||335,544||$1.82||$610,690.08|| |
|10/14/2016||Cheuk Fund Ho||Insider||Sell||1,044,900||$1.90||$1,985,310.00|| |
|10/13/2016||Cheuk Fund Ho||Insider||Sell||1,020,000||$1.83||$1,866,600.00|| |
|10/12/2016||Cheuk Fund Ho||Insider||Sell||825,500||$1.87||$1,543,685.00|| |
|10/11/2016||Cheuk Fund Ho||Insider||Sell||627,300||$1.90||$1,191,870.00|| |
|10/10/2016||Cheuk Fund Ho||Insider||Sell||446,800||$1.91||$853,388.00|| |
|10/7/2016||Cheuk Fund Ho||Insider||Sell||771,100||$1.89||$1,457,379.00|| |
|10/6/2016||Cheuk Fund Ho||Insider||Sell||1,140,000||$1.92||$2,188,800.00|| |
|10/5/2016||Cheuk Fund Ho||Insider||Sell||1,140,000||$1.91||$2,177,400.00|| |
|10/4/2016||Cheuk Fund Ho||Insider||Sell||690,000||$1.85||$1,276,500.00|| |
|10/3/2016||Cheuk Fund Ho||Insider||Sell||746,720||$1.84||$1,373,964.80|| |
|9/30/2016||Cheuk Fund Ho||Insider||Sell||955,100||$1.82||$1,738,282.00|| |
|9/29/2016||Cheuk Fund Ho||Insider||Sell||1,650,000||$1.86||$3,069,000.00|| |
|9/28/2016||Cheuk Fund Ho||Insider||Sell||1,560,000||$1.82||$2,839,200.00|| |
|9/26/2016||Cheuk Fund Ho||Insider||Sell||131,500||$1.80||$236,700.00|| |
|9/23/2016||Cheuk Fund Ho||Insider||Sell||325,300||$1.83||$595,299.00|| |
|9/22/2016||Cheuk Fund Ho||Insider||Sell||720,000||$1.85||$1,332,000.00|| |
|9/21/2016||Cheuk Fund Ho||Insider||Sell||696,000||$1.81||$1,259,760.00|| |
|9/20/2016||Cheuk Fund Ho||Insider||Sell||595,900||$1.81||$1,078,579.00|| |
Headline Trends for Penn West Petroleum Ltd (NYSE:OBE)
Latest Headlines for Penn West Petroleum Ltd (NYSE:OBE)
Penn West Petroleum Ltd (OBE) Chart for Monday, July, 24, 2017