Obsidian Energy (OBE) Set to Announce Earnings on Thursday

Obsidian Energy (TSE:OBE) 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) 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

In other Obsidian Energy news, Director John Brydson acquired 25,000 shares of the stock in a transaction that occurred on Thursday, February 29th. The stock was bought at an average cost of C$7.09 per share, with a total value of C$177,172.50. In other news, Director John Brydson bought 25,000 shares of Obsidian Energy stock in a transaction on Thursday, February 29th. The stock was acquired at an average cost of C$7.09 per share, for a total transaction of C$177,172.50. Also, Senior Officer Mark Kristian Rodger Hawkins sold 20,000 shares of the business’s stock in a transaction dated Friday, April 5th. The stock was sold at an average price of C$11.56, for a total transaction of C$231,112.00. 1.21% of the stock is owned by insiders.

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.

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.