Obsidian Energy (OBE) Stock Forecast, Price & News

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Obsidian Energy in the last twelve months. There are currently 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" OBE shares.
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3 brokerages have issued twelve-month price targets for Obsidian Energy's shares. Their OBE share price forecasts range from C$10.00 to C$14.00. On average, they predict the company's share price to reach C$12.25 in the next twelve months. This suggests a possible upside of 45.5% from the stock's current price.
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Obsidian Energy's stock was trading at C$8.98 at the beginning of 2023. Since then, OBE stock has decreased by 6.2% and is now trading at C$8.42.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, July 27th 2023.
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Obsidian Energy Ltd. (TSE:OBE) released its earnings results on Thursday, May, 4th. The company reported $0.36 earnings per share (EPS) for the quarter. The firm earned $180.90 million during the quarter. Obsidian Energy had a net margin of 107.79% and a trailing twelve-month return on equity of 68.14%.

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).

Obsidian Energy trades on the Toronto Stock Exchange (TSX) under the ticker symbol "OBE."

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.
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One share of OBE stock can currently be purchased for approximately C$8.42.

Obsidian Energy (TSE:OBE) has a market capitalization of C$694.73 million and generates C$757.80 million in revenue each year. The company earns C$816.80 million in net income (profit) each year or C$9.68 on an earnings per share basis.

The company employs 173 workers across the globe.

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.