Should I buy or sell Obsidian Energy stock right now?

2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Obsidian Energy in the last year. There are currently 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" OBE shares. View OBE analyst ratings or view top-rated stocks .

What is Obsidian Energy's stock price target for 2024?

2 analysts have issued 12 month target prices for Obsidian Energy's stock. Their OBE share price targets range from $14.00 to $16.50. On average, they anticipate the company's stock price to reach $15.25 in the next twelve months. This suggests a possible upside of 87.1% from the stock's current price. View analysts price targets for OBE or view top-rated stocks among Wall Street analysts .

How were Obsidian Energy's earnings last quarter?

Obsidian Energy Ltd (NYSE:OBE) posted its quarterly earnings results on Thursday, February, 22nd. The oil and gas company reported $0.31 EPS for the quarter. The oil and gas company had revenue of $127.31 million for the quarter. Obsidian Energy had a trailing twelve-month return on equity of 6.63% and a net margin of 14.97%.

What other stocks do shareholders of Obsidian Energy own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Obsidian Energy investors own include BMO Capital Markets () , Stifel Nicolaus () , Wunderlich () , Standpoint Research () , Duncan Williams () , Soleil Securities () , Sterne Agee CRT () , Robert W. Baird () , Wellington Shields () and Macquarie () .

Who are Obsidian Energy's major shareholders?

Obsidian Energy's stock is owned by a number of retail and institutional investors. Top institutional investors include DGS Capital Management LLC (0.07%) and Register Financial Advisors LLC (0.05%). View institutional ownership trends .

NYSE:OBE

Obsidian Energy (OBE) Stock Price, News & Analysis

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Notice: This company has been marked as potentially delisted and may not be actively trading.

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Today's Range: $8.13
▼
$8.27
50-Day Range: $0.16
▼
$0.21
52-Week Range: $0.15
▼
$2.70

Volume: 224,397 shs
Average Volume: 451,374 shs
Market Capitalization: $625.19 million

P/E Ratio: 8.49
Dividend Yield: N/A
Price Target: $15.25

Stock Analysis Analyst Forecasts Competitors Earnings Headlines Options Chain Ownership Social Media

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Obsidian Energy MarketRank™ Stock Analysis

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 87.1% Upside
$15.25 Price Target
Short Interest: N/A
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: N/A
Insider Trading: N/A
Proj. Earnings Growth: 2.31%
From $1.30 to $1.33 Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

1.89 out of 5 stars

Oils/Energy Sector

175th out of 227 stocks

Crude Petroleum & Natural Gas Industry

61st out of 74 stocks

3.5

Analyst's Opinion

Consensus Rating
Obsidian Energy has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 2 buy ratings, no hold ratings, and no sell ratings.
Amount of Analyst Coverage
Obsidian Energy has only been the subject of 1 research reports in the past 90 days.

N/A

Short Interest

Short Interest
There is no current short interest data available for OBE.

0.0

Dividend Strength

Dividend Yield
Obsidian Energy does not currently pay a dividend.
Dividend Growth
Obsidian Energy does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for OBE.

0.6

News and Social Media Coverage

Search Interest
3 people have searched for OBE on MarketBeat in the last 30 days. This is an increase of 50% compared to the previous 30 days.

0.0

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Obsidian Energy insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 7.00% of the stock of Obsidian Energy is held by insiders.
Percentage Held by Institutions
Only 13.51% of the stock of Obsidian Energy is held by institutions.

2.5

Earnings and Valuation

Earnings Growth
Earnings for Obsidian Energy are expected to grow by 2.31% in the coming year, from $1.30 to $1.33 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Obsidian Energy is 8.49, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 142.12.
Price to Earnings Ratio vs. Sector
The P/E ratio of Obsidian Energy is 8.49, which means that it is trading at a less expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 19.38.
Price to Book Value per Share Ratio
Obsidian Energy has a P/B Ratio of 0.52. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

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About Obsidian Energy Stock (NYSE:OBE)

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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OBE Stock News Headlines

February 27, 2024 | msn.com

Obsidian Energy gets TSX approval to renew NCIB

February 26, 2024 | finanznachrichten.de

Obsidian Energy Ltd.: Obsidian Energy Announces Launch of an Offer to Purchase up to $2.0 Million of our Outstanding Senior Unsecured Notes

April 18, 2024 | Gold Safe Exchange (Ad)

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Gold has already reached all-time highs, and experts believe it's not slowing down any time soon. In fact, some analysts predict a $7,000 price tag by 2025.

February 22, 2024 | finanznachrichten.de

Obsidian Energy Ltd.: Obsidian Energy Confirms Filing of Its 2023 Year End Disclosure Documents

February 17, 2024 | finance.yahoo.com

OBE Mar 2024 5.000 put

February 15, 2024 | msn.com

Alberta First Nation sends notice of opposition to Obsidian Energy drilling plans

February 14, 2024 | reuters.com

Canadian First Nation sends notice of opposition to Obsidian Energy drilling plans

January 31, 2024 | msn.com

Iran threatens to respond to any US strikes as Biden weighs how to react to a base attack in Jordan

April 18, 2024 | Gold Safe Exchange (Ad)

The “Perfect Storm” for Gold

Gold has already reached all-time highs, and experts believe it's not slowing down any time soon. In fact, some analysts predict a $7,000 price tag by 2025.

January 25, 2024 | ca.finance.yahoo.com

Stocks in play: Obsidian Energy Ltd.

January 25, 2024 | msn.com

Obsidian Energy forecasts 12% higher production in 2024

January 22, 2024 | finance.yahoo.com

Obsidian Energy Announces 2024 Guidance and Webcast

January 10, 2024 | realmoney.thestreet.com

Obsidian Energy price target raised by C$0.50 at Raymond James

December 1, 2023 | theglobeandmail.com

Obsidian Energy insiders buy the dip

November 15, 2023 | theglobeandmail.com

Closing Bell: Obsidian Energy Ltd flat on Tuesday (OBE)

November 9, 2023 | finance.yahoo.com

Obsidian Energy Announces Third Quarter 2023 Results

November 2, 2023 | finanznachrichten.de

Obsidian Energy Ltd.: Obsidian Energy Announces Release Date of Third Quarter 2023 Results

November 2, 2023 | finance.yahoo.com

Obsidian Energy Announces Release Date of Third Quarter 2023 Results

September 24, 2023 | msn.com

Obsidian Energy Aims To Quadruple Its Heavy Oil Production By 2026

September 22, 2023 | markets.businessinsider.com

Analysts Offer Insights on NA Companies: Obsidian Energy (OBE) and Exxon Mobil (XOM)

September 7, 2023 | finance.yahoo.com

Obsidian Energy Announces Participation in the Peters & Co. Limited's Energy Conference and Peace River Growth Plan Webcast

August 5, 2023 | msn.com

Obsidian Energy: Reduced Guidance For Free Cash Flow And Production Was Already Expected

August 3, 2023 | seekingalpha.com

Obsidian Energy to buy-back up to $5M of outstanding senior unsecured notes

August 3, 2023 | finanznachrichten.de

Obsidian Energy Ltd.: Obsidian Energy Announces Launch of an Offer to Purchase up to $5.0 Million of its Outstanding Senior Unsecured Notes

August 3, 2023 | finance.yahoo.com

Obsidian Energy Announces Launch of an Offer to Purchase up to $5.0 Million of its Outstanding Senior Unsecured Notes

May 16, 2023 | finanznachrichten.de

Obsidian Energy Ltd.: Obsidian Energy Provides Update on Impact of Alberta Wildfires

May 8, 2023 | msn.com

More oil and gas production shut-in by Alberta wildfires

See More Headlines

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Company Calendar

Last Earnings: 2/22/2024
Today: 4/18/2024
Fiscal Year End: 12/31/2024

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Industry, Sector and Symbol

Stock Exchange: NYSE
Sector: Oils/Energy
Industry: Crude petroleum & natural gas
Sub-Industry: N/A
Current Symbol: NYSE:OBE
CUSIP: N/A
CIK: 1334388
Web: www.obsidianenergy.com
Phone: 403-777-2500
Fax: 403-777-2699
Employees: N/A
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $15.25
High Stock Price Target: $16.50
Low Stock Price Target: $14.00
Potential Upside/Downside: +87.1%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 2 Analysts

Profitability

EPS (Most Recent Fiscal Year): $0.96
Trailing P/E Ratio: 8.49
Forward P/E Ratio: 6.27
P/E Growth: N/A
Net Income: $80.01 million
Net Margins: 14.97%
Pretax Margin: 19.93%
Return on Equity: 6.63%
Return on Assets: 4.81%

Debt

Debt-to-Equity Ratio: 0.13
Current Ratio: 0.41
Quick Ratio: 0.41

Sales & Book Value

Annual Sales: $533.77 million
Price / Sales: 1.17
Cash Flow: $3.00 per share
Price / Cash Flow: 2.72
Book Value: $15.69 per share
Price / Book: 0.52

Miscellaneous

Outstanding Shares: 76,710,000
Free Float: 71,345,000
Market Cap: $625.19 million
Optionable: Optionable
Beta: 1.57

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Key Executives

Mr. Michael J. Faust (Age 58)
Pres, CEO & Director
Mr. David Warren Hendry
Chief Financial Officer
Mr. Aaron Smith
Sr. VP of Devel. & Operations
Mr. Kyle Doucet
Corp. Planning & Strategy Analyst

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions

OBE Stock Analysis - Frequently Asked Questions

Should I buy or sell Obsidian Energy stock right now?: 2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Obsidian Energy in the last year. There are currently 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" OBE shares.
View OBE analyst ratings or view top-rated stocks.
What is Obsidian Energy's stock price target for 2024?: 2 analysts have issued 12 month target prices for Obsidian Energy's stock. Their OBE share price targets range from $14.00 to $16.50. On average, they anticipate the company's stock price to reach $15.25 in the next twelve months. This suggests a possible upside of 87.1% from the stock's current price.
View analysts price targets for OBE or view top-rated stocks among Wall Street analysts.
How were Obsidian Energy's earnings last quarter?: Obsidian Energy Ltd (NYSE:OBE) posted its quarterly earnings results on Thursday, February, 22nd. The oil and gas company reported $0.31 EPS for the quarter. The oil and gas company had revenue of $127.31 million for the quarter. Obsidian Energy had a trailing twelve-month return on equity of 6.63% and a net margin of 14.97%.

What other stocks do shareholders of Obsidian Energy own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Obsidian Energy investors own include BMO Capital Markets (), Stifel Nicolaus (), Wunderlich (), Standpoint Research (), Duncan Williams (), Soleil Securities (), Sterne Agee CRT (), Robert W. Baird (), Wellington Shields () and Macquarie ().
Who are Obsidian Energy's major shareholders?: Obsidian Energy's stock is owned by a number of retail and institutional investors. Top institutional investors include DGS Capital Management LLC (0.07%) and Register Financial Advisors LLC (0.05%).
View institutional ownership trends.

This page (NYSE:OBE) was last updated on 4/18/2024 by MarketBeat.com Staff

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Obsidian Energy (OBE) Stock Price, News & Analysis

Obsidian Energy MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Short Interest

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

Search Interest

Company Ownership

Earnings and Valuation

About Obsidian Energy Stock (NYSE:OBE)

OBE Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Institutional Ownership

OBE Stock Analysis - Frequently Asked Questions

Overall MarketRank^™