Obsidian Energy (TSE:OBE – Get Free Report) will announce its earnings results before the market opens on Thursday, May 2nd. Analysts expect the company to announce earnings of C$0.27 per share for the quarter.
Obsidian Energy (TSE:OBE – Get Free Report) last announced its quarterly earnings results on Thursday, February 22nd. The company reported C$0.42 earnings per share (EPS) for the quarter. The firm had revenue of C$173.30 million for the quarter. Obsidian Energy had a net margin of 16.53% and a return on equity of 6.70%.
Obsidian Energy Stock Performance
Shares of OBE traded down C$0.38 on Tuesday, reaching C$11.99. The company’s stock had a trading volume of 47,447 shares, compared to its average volume of 142,030. The company has a debt-to-equity ratio of 13.87, a current ratio of 0.41 and a quick ratio of 0.41. The stock has a market capitalization of C$926.83 million, a P/E ratio of 9.66, a PEG ratio of 0.08 and a beta of 2.49. The stock’s 50 day simple moving average is C$10.74 and its two-hundred day simple moving average is C$10.16. Obsidian Energy has a 12-month low of C$7.05 and a 12-month high of C$12.37.
Insider Buying and Selling
Analysts Set New Price Targets
Several research firms have recently issued reports on OBE. BMO Capital Markets set a C$16.50 price objective on shares of Obsidian Energy and gave the company an “outperform” rating in a research report on Tuesday, April 9th. Raymond James reduced their price objective on shares of Obsidian Energy from C$15.50 to C$12.50 and set an “outperform” rating on the stock in a research report on Friday, January 19th.
Read Our Latest Stock Analysis on Obsidian Energy
Obsidian Energy Company Profile
Obsidian Energy Ltd. engages in the exploration, production, and development of oil and natural gas properties in the Western Canada. 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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