Obsidian Energy (OBE) Set to Announce Earnings on Thursday

Obsidian Energy (TSE:OBE) will be releasing its earnings data before the market opens on Thursday, August 1st.

Obsidian Energy (TSE:OBE) last released its quarterly earnings results on Thursday, May 2nd. The company reported C$0.15 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.27 by C($0.12). Obsidian Energy had a net margin of 13.72% and a return on equity of 5.50%. The firm had revenue of C$177.30 million for the quarter.

Obsidian Energy Price Performance

OBE opened at C$10.04 on Wednesday. The company has a current ratio of 0.45, a quick ratio of 0.41 and a debt-to-equity ratio of 17.33. The stock has a market capitalization of C$768.96 million, a P/E ratio of 9.38, a PEG ratio of 0.08 and a beta of 2.50. The stock has a 50-day moving average price of C$10.10 and a 200-day moving average price of C$10.18. Obsidian Energy has a 12-month low of C$8.42 and a 12-month high of C$12.37.

Wall Street Analysts Forecast Growth

Separately, BMO Capital Markets set a C$16.50 price target on shares of Obsidian Energy and gave the company an “outperform” rating in a research report on Tuesday, April 9th.

Insiders Place Their Bets

In other Obsidian Energy news, Director John Brydson bought 25,000 shares of the business’s stock in a transaction that occurred on Friday, June 14th. The shares were bought at an average cost of C$7.04 per share, with a total value of C$176,000.00. In other Obsidian Energy news, Senior Officer Mark Kristian Rodger Hawkins sold 30,150 shares of Obsidian Energy stock in a transaction on Wednesday, June 19th. The stock was sold at an average price of C$9.76, for a total transaction of C$294,297.17. Also, Director John Brydson acquired 25,000 shares of the company’s stock in a transaction that occurred on Friday, June 14th. The shares were acquired at an average cost of C$7.04 per share, for a total transaction of C$176,000.00. Insiders own 1.32% of the company’s stock.

About Obsidian Energy

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.