Obsidian Energy (NYSEAMERICAN:OBE) Announces Earnings Results

Obsidian Energy (NYSEAMERICAN:OBE) (TSE:PWT) posted its earnings results on Thursday. The oil and gas company reported $0.19 EPS for the quarter, Zacks reports. Obsidian Energy had a return on equity of 2.00% and a net margin of 4.63%.

Obsidian Energy Price Performance

Shares of OBE traded up $0.03 during mid-day trading on Thursday, reaching $9.24. 899,156 shares of the company’s stock were exchanged, compared to its average volume of 690,874. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.25. The company has a 50-day simple moving average of $11.43 and a two-hundred day simple moving average of $10.17. Obsidian Energy has a 52-week low of $5.55 and a 52-week high of $14.59. The company has a market cap of $609.93 million, a price-to-earnings ratio of 33.00 and a beta of 0.31.

Analyst Ratings Changes

Separately, Raymond James Financial reaffirmed an “outperform” rating on shares of Obsidian Energy in a research note on Wednesday, September 16th. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $18.00.

Obsidian Energy Company Profile

Obsidian Energy Ltd. is a Canadian oil and natural gas exploration and production company headquartered in Calgary, Alberta. The company develops and produces crude oil, natural gas and natural gas liquids from conventional and light-oil assets in the Western Canadian Sedimentary Basin.

Obsidian Energy’s operations are concentrated in Alberta and are organized around core operating areas that include the Cardium, Peace River and Clearwater regions. Its activities include acquiring and developing petroleum properties, drilling and completing wells, and managing production and field infrastructure.

The company was formerly known as Penn West Petroleum Ltd.