TSE:OBE

Obsidian Energy - OBE Stock Forecast, Price & News

C$8.61

-0.06 (-0.69%)

(As of 03/30/2023 04:19 PM ET)

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Today's Range: C$8.43
▼
C$8.69
50-Day Range: C$7.75
▼
C$10.31
52-Week Range: C$7.75
▼
C$15.67

Volume: 319,681 shs
Average Volume: 397,551 shs
Market Capitalization: C$709.81 million

P/E Ratio: 0.88
Dividend Yield: N/A
Price Target: C$12.17

Obsidian Energy MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.50 Rating Score
Upside/Downside: 41.3% Upside
C$12.17 Price Target
Short Interest: N/A
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.10
Based on 7 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.

2.22 out of 5 stars

3.3

Analyst's Opinion

Consensus Rating
Obsidian Energy has received a consensus rating of Buy. The company's average rating score is 2.50, and is based on 1 buy rating, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of C$12.17, Obsidian Energy has a forecasted upside of 41.3% from its current price of C$8.61.
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.

1.7

News and Social Media Coverage

News Sentiment
Obsidian Energy has a news sentiment score of 0.10. 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 lower news sentiment than the 0.45 average news sentiment score of Oils/Energy companies.
News Coverage This Week
MarketBeat has tracked 7 news articles for Obsidian Energy this week, compared to 0 articles on an average week.
Search Interest
Only 6 people have searched for OBE on MarketBeat in the last 30 days. This is a decrease of -80% compared to the previous 30 days.
MarketBeat Follows
Only 1 people have added Obsidian Energy to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% 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 0.83% of the stock of Obsidian Energy is held by insiders.
Percentage Held by Institutions
Only 21.67% 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 0.88, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 121.73.
Price to Earnings Ratio vs. Sector
The P/E ratio of Obsidian Energy is 0.88, which means that it is trading at a less expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 62.32.
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 0.45. 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.

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OBE Stock News Headlines

March 30, 2023 | theglobeandmail.com

Energy regulator defends finding that Alberta’s largest earthquake was caused by oil patch activity

March 29, 2023 | americanbankingnews.com

Obsidian Energy (TSE:OBE) Price Target Cut to C$10.00

March 30, 2023 | Legacy Research (Affiliate) (Ad)

"Prepare for Five Years of Famine"

Market Wizard who predicted all indexes would be negative in 2022 shares shocking new forecast

March 24, 2023 | theglobeandmail.com

Alberta energy regulator issues order against Obsidian Energy, saying disposal caused earthquakes

March 24, 2023 | reuters.com

TSX falls, eyes weekly losses as banking turmoil deepens

March 24, 2023 | theglobeandmail.com

Obsidian shares fall after Alberta’s energy regulator says company caused seismic events

March 24, 2023 | seekingalpha.com

Alberta's energy regulator says Obsidian Energy caused seismic events

March 22, 2023 | seekingalpha.com

Obsidian Energy increases borrowing capacity to $200M

March 30, 2023 | Legacy Research (Affiliate) (Ad)

"Prepare for Five Years of Famine"

Market Wizard who predicted all indexes would be negative in 2022 shares shocking new forecast

March 22, 2023 | finance.yahoo.com

Obsidian Energy Announces Syndicated Credit Facility Increase to $200 Million

February 23, 2023 | finance.yahoo.com

Obsidian Energy Confirms Filing of Its 2022 Year End Disclosure Documents

February 23, 2023 | msn.com

US Stocks Turn Lower; Dow Drops 150 Points

February 23, 2023 | msn.com

Obsidian Energy surges after strong Q4 results; Loukas named permanent CEO

December 21, 2022 | finance.yahoo.com

Investors in Obsidian Energy (TSE:OBE) have made a incredible return of 893% over the past three years

December 20, 2022 | seekingalpha.com

Obsidian Energy: Lower Heavy Oil Prices May Result In It Modifying Its 2023 Plans

November 10, 2022 | finance.yahoo.com

Obsidian Energy Third Quarter 2022 Earnings: EPS: CA$0.49 (vs CA$0.62 in 3Q 2021)

November 2, 2022 | finanznachrichten.de

Obsidian Energy Ltd.: Obsidian Energy Announces Release Date of Third Quarter 2022 Results

November 2, 2022 | finance.yahoo.com

Obsidian Energy Announces Release Date of Third Quarter 2022 Results

September 19, 2022 | seekingalpha.com

Obsidian Energy raised from Sell rating at BMO as deleveraging seen on track

September 13, 2022 | finance.yahoo.com

Obsidian Energy Announces $30.0 Million Term Loan Repayment, Operations Update and Facility Acquisition

September 12, 2022 | finance.yahoo.com

Could The Market Be Wrong About Obsidian Energy Ltd. (TSE:OBE) Given Its Attractive Financial Prospects?

August 26, 2022 | finance.yahoo.com

Why APA, Centennial Resource Development, and Obsidian Energy Were Rising by Double Digits This Week

August 23, 2022 | finance.yahoo.com

Why Small-Cap Natural Gas Stocks Were Soaring Today

August 11, 2022 | ca.finance.yahoo.com

2 Oil Stocks Under $11 With 90-110% Gains So Far This Year

July 28, 2022 | finanznachrichten.de

Obsidian Energy Ltd.: Obsidian Energy Announces Increased Production and Financial Results in Second Quarter 2022

July 14, 2022 | seekingalpha.com

Obsidian Energy reports record Q2 production, up 28% Y/Y

July 2, 2022 | uk.investing.com

Obsidian Energy Ltd (OBE)

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OBE Company Calendar

Last Earnings: 2/23/2023
Today: 3/30/2023
Next Earnings (Estimated): 5/03/2023

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Industry, Sector and Symbol

Stock Exchange: TSE
Industry: Oil & Gas E & P
Sub-Industry: N/A
Sector: Oils/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: 173
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: C$12.17
High Stock Price Forecast: C$13.50
Low Stock Price Forecast: C$10.00
Forecasted Upside/Downside: +48.0%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.50
Research Coverage: 2 Analysts

Profitability

EPS (Most Recent Fiscal Year): C$9.79
Trailing P/E Ratio: 0.89
Forward P/E Ratio: 4.65
P/E Growth: 0.08
Net Income: C$810.10 million
Net Margins: 104.98%
Pretax Margin: N/A
Return on Equity: 69.14%
Return on Assets: 21.11%

Debt

Debt-to-Equity Ratio: 14.64
Current Ratio: 0.45
Quick Ratio: 0.41

Sales & Book Value

Annual Sales: C$771.70 million
Price / Sales: 0.93
Cash Flow: C$0.08 per share
Price / Cash Flow: 107.23
Book Value: C$19.16 per share
Price / Book: 0.45

Miscellaneous

Outstanding Shares: 82,440,000
Free Float: N/A
Market Cap: C$714.75 million
Optionable: Optionable
Beta: 2.74

Key Executives

Mr. Stephen Elias Loukas (Age 45)
Interim Pres, CEO & Director
Comp: $1.6M

Mr. Peter D. Scott
Sr. VP & CFO

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

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

Mr. William Clifford Swadling
VP of Operations

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?: 2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Obsidian Energy in the last year. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street 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 forecast for 2023?: 2 brokerages have issued 12-month target prices for Obsidian Energy's shares. Their OBE share price forecasts range from C$10.00 to C$13.50. On average, they expect the company's stock price to reach C$12.17 in the next year. This suggests a possible upside of 40.3% 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 decreased by 3.5% and is now trading at C$8.67.
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 Wednesday, May 3rd 2023.
View our OBE earnings forecast.
How were Obsidian Energy's earnings last quarter?: Obsidian Energy Ltd. (TSE:OBE) announced its quarterly earnings data on Thursday, February, 23rd. The company reported $7.47 EPS for the quarter. The company had revenue of $206.50 million for the quarter. Obsidian Energy had a net margin of 104.98% and a trailing twelve-month return on equity of 69.14%.
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$8.67.
How much money does Obsidian Energy make?: Obsidian Energy (TSE:OBE) has a market capitalization of C$714.75 million and generates C$771.70 million in revenue each year. The company earns C$810.10 million in net income (profit) each year or C$9.79 on an earnings per share basis.
How many employees does Obsidian Energy have?: The company employs 173 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 3/30/2023 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

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Obsidian Energy (TSE:OBE) Stock

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^™