TSE:OBE

Obsidian Energy (OBE) Stock Forecast, Price & News

C$11.01

+0.68 (+6.58%)

(As of 09/22/2023 ET)

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Today's Range: C$10.51
▼
C$11.10
50-Day Range: C$8.26
▼
C$11.01
52-Week Range: C$7.05
▼
C$13.94

Volume: 571,463 shs
Average Volume: 289,038 shs
Market Capitalization: C$884.32 million

P/E Ratio: 1.31
Dividend Yield: N/A
Price Target: C$13.38

Profile Analyst Ratings Chart Competitors Earnings Insider Trades Headlines Options Chain Social Media

Obsidian Energy MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.75 Rating Score
Upside/Downside: 21.5% Upside
C$13.38 Price Target
Short Interest: N/A
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.94
Based on 8 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: N/A

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.08 out of 5 stars

2.4

Analyst's Opinion

Consensus Rating
Obsidian Energy has received a consensus rating of Moderate Buy. The company's average rating score is 2.75, and is based on 3 buy ratings, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of C$13.38, Obsidian Energy has a forecasted upside of 21.5% from its current price of C$11.01.
Amount of Analyst Coverage
Obsidian Energy has only been the subject of 3 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.

3.3

News and Social Media Coverage

News Sentiment
Obsidian Energy has a news sentiment score of 0.94. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.53 average news sentiment score of Energy companies.
News Coverage This Week
MarketBeat has tracked 8 news articles for Obsidian Energy this week, compared to 1 article on an average week.
Search Interest
4 people have searched for OBE on MarketBeat in the last 30 days. This is an increase of 300% 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 1.14% of the stock of Obsidian Energy is held by insiders.
Percentage Held by Institutions
Only 19.80% of the stock of Obsidian Energy is held by institutions.

3.1

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Obsidian Energy is 1.31, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 123.09.
Price to Earnings Ratio vs. Sector
The P/E ratio of Obsidian Energy is 1.31, which means that it is trading at a less expensive P/E ratio than the Energy sector average P/E ratio of about 111.96.
Price to Earnings Growth Ratio
Obsidian Energy has a PEG Ratio of 0.08. PEG Ratios below 1 indicate that a company could be undervalued.
Price to Book Value per Share Ratio
Obsidian Energy has a P/B Ratio of 0.55. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Obsidian Energy (TSE:OBE) Stock

Obsidian Energy Ltd. primarily focuses on the exploration, production, and development of oil and natural gas properties in the Western Canada Sedimentary Basin. The company was formerly known as Penn West Petroleum Ltd. and changed its name to Obsidian Energy Ltd. in June 2017. Obsidian Energy Ltd. is headquartered in Calgary, Canada.

OBE Price History

30 days | 90 days | 365 days | Advanced Chart

OBE Stock News Headlines

September 22, 2023 | baystreet.ca

Obsidian Energy

September 21, 2023 | ca.finance.yahoo.com

Stocks in play: Obsidian Energy

September 23, 2023 | Legacy Research (Ad)

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September 21, 2023 | msn.com

Obsidian Energy outlines plan to raise production to 50K boe/day in three years

September 21, 2023 | finance.yahoo.com

Obsidian Energy Announces Three-Year Growth Plan to Reach 50,000 boe/d in 2026

September 7, 2023 | finance.yahoo.com

Obsidian Energy Announces Peters & Co. Limited's Energy Conference Clarification

August 17, 2023 | finance.yahoo.com

Obsidian Energy Completes Offer to Purchase $5.0 Million of Its Outstanding Senior Unsecured Notes

August 10, 2023 | finance.yahoo.com

Obsidian Energy Announces Participation in the EnerCom Denver Energy Investment Conference

September 23, 2023 | Altimetry (Ad)

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August 2, 2023 | finanznachrichten.de

Obsidian Energy Ltd.: Obsidian Energy Announces Second Quarter 2023 Results

August 2, 2023 | finance.yahoo.com

Obsidian Energy Announces Second Quarter 2023 Results

July 27, 2023 | finance.yahoo.com

OBE.TO - Obsidian Energy Ltd.

July 24, 2023 | finance.yahoo.com

Obsidian Energy Announces Release Date of Second Quarter 2023 Results

July 14, 2023 | markets.businessinsider.com

Raymond James Keeps Their Buy Rating on Obsidian Energy (OBE)

July 10, 2023 | markets.businessinsider.com

Obsidian Energy (OBE) Receives a Buy from RBC Capital

June 12, 2023 | finanznachrichten.de

Obsidian Energy Ltd.: Obsidian Energy Announces Voting Results from the 2023 Annual and Special Meeting of Shareholders

June 12, 2023 | finance.yahoo.com

Obsidian Energy Announces Voting Results from the 2023 Annual and Special Meeting of Shareholders

June 8, 2023 | msn.com

STIFEL CANADA Maintains Obsidian Energy (TSE:OBE) Buy Recommendation

May 20, 2023 | theglobeandmail.com

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

May 19, 2023 | finance.yahoo.com

Wildfires Rage in Western Canada, Disrupting Energy Output

May 17, 2023 | finance.yahoo.com

Oil-Sands Output at Risk as Fires Flare Up in Canada Energy Hub

May 16, 2023 | msn.com

Obsidian, Baytex among companies in Alberta again shutting in production

May 8, 2023 | finance.yahoo.com

Top Energy Stocks for May 2023

May 2, 2023 | theglobeandmail.com

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

April 25, 2023 | finance.yahoo.com

Obsidian Energy Announces Release Date of First Quarter 2023 Results

April 23, 2023 | theglobeandmail.com

Closing Bell: Obsidian Energy Ltd up on Friday (OBE)

April 17, 2023 | theglobeandmail.com

Closing Bell: Obsidian Energy Ltd down on Monday (OBE)

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OBE Company Calendar

Last Earnings: 8/02/2023
Today: 9/22/2023
Next Earnings (Estimated): 11/14/2023

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Industry, Sector and Symbol

Stock Exchange: TSE
Industry: Oil & Gas E&P
Sub-Industry: N/A
Sector: Energy
Current Symbol: TSE:OBE
Previous Symbol: TSE:PWT
CUSIP: N/A
CIK: N/A
Web: www.obsidianenergy.com
Phone: +1-403-7772500
Fax: N/A
Employees: 191
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: C$13.38
High Stock Price Forecast: C$15.00
Low Stock Price Forecast: C$11.00
Forecasted Upside/Downside: +13.0%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 4 Analysts

Profitability

EPS (Most Recent Fiscal Year): C$8.39
Trailing P/E Ratio: 1.31
Forward P/E Ratio: 5.69
P/E Growth: 0.08
Net Income: C$721.30 million
Net Margins: 107.03%
Pretax Margin: N/A
Return on Equity: 57.19%
Return on Assets: 17.83%

Debt

Debt-to-Equity Ratio: 17.36
Current Ratio: 0.53
Quick Ratio: 0.41

Sales & Book Value

Annual Sales: C$673.90 million
Price / Sales: 1.31
Cash Flow: C$0.10 per share
Price / Cash Flow: 107.23
Book Value: C$19.92 per share
Price / Book: 0.55

Miscellaneous

Outstanding Shares: 80,320,000
Free Float: N/A
Market Cap: C$884.32 million
Optionable: Optionable
Beta: 2.77

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Key Executives

Mr. Stephen Elias Loukas (Age 45)
Pres, CEO & Director
Comp: $716.9k

Mr. Peter D. Scott
Sr. VP & CFO

Mr. William Clifford Swadling
VP of Operations

Mr. Mark Hawkins
VP of Legal, Gen. Counsel & Corp. Sec.

Mr. Gary Sykes
Sr. VP of Commercial & Devel.

Mr. Jay McGilvary
Sr. Director of Devel.

Key Competitors

View All Competitors

Insiders

View All Insider Transactions

OBE Stock - Frequently Asked Questions

Should I buy or sell Obsidian Energy stock right now?: 4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Obsidian Energy in the last twelve months. There are currently 1 hold rating and 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" OBE shares.
View OBE analyst ratings or view top-rated stocks.
What is Obsidian Energy's stock price forecast for 2023?: 4 Wall Street analysts have issued 1 year price objectives for Obsidian Energy's stock. Their OBE share price forecasts range from C$11.00 to C$15.00. On average, they expect the company's share price to reach C$13.38 in the next twelve months. This suggests a possible upside of 21.5% from the stock's current price.
View analysts price targets for OBE or view top-rated stocks among Wall Street analysts.
How have OBE shares performed in 2023?: Obsidian Energy's stock was trading at C$8.98 at the beginning of the year. Since then, OBE stock has increased by 22.6% and is now trading at C$11.01.
View the best growth stocks for 2023 here.
When is Obsidian Energy's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 14th 2023.
View our OBE earnings forecast.
How were Obsidian Energy's earnings last quarter?: Obsidian Energy Ltd. (TSE:OBE) released its quarterly earnings data on Wednesday, August, 2nd. The company reported $0.22 EPS for the quarter. The company earned $166 million during the quarter. Obsidian Energy had a net margin of 107.03% and a trailing twelve-month return on equity of 57.19%.
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 Precision Drilling (PD), Crescent Point Energy (CPG), ARC Resources (ARX), Baytex Energy (BTE), Tronox (TROX), Arcturus Therapeutics (ARCT), Cardinal Energy (CJ), Inter Pipeline (IPL) and Tembec (TMB).

What is Obsidian Energy's stock symbol?: Obsidian Energy trades on the Toronto Stock Exchange (TSX) under the ticker symbol "OBE."
How do I buy shares of Obsidian Energy?: Shares of OBE stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
Compare Top Brokerages Here.
What is Obsidian Energy's stock price today?: One share of OBE stock can currently be purchased for approximately C$11.01.
How much money does Obsidian Energy make?: Obsidian Energy (TSE:OBE) has a market capitalization of C$884.32 million and generates C$673.90 million in revenue each year. The company earns C$721.30 million in net income (profit) each year or C$8.39 on an earnings per share basis.
How many employees does Obsidian Energy have?: The company employs 191 workers across the globe.
How can I contact Obsidian Energy?: Obsidian Energy's mailing address is 207 9 Ave SW Suite 200, CALGARY, AB T2P 1K3, Canada. The official website for the company is www.obsidianenergy.com. The company can be reached via phone at +1-403-7772500.

This page (TSE:OBE) was last updated on 9/23/2023 by MarketBeat.com Staff

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Obsidian Energy (OBE) Stock Forecast, Price & News

Obsidian Energy MarketRank™ Forecast

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

News Sentiment

News Coverage This Week

Search Interest

Company Ownership

Earnings and Valuation

About Obsidian Energy (TSE:OBE) Stock

OBE Price History

OBE Stock News Headlines

OBE Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders

OBE Stock - Frequently Asked Questions

Overall MarketRank^™