Should I buy or sell Obsidian Energy stock right now?

4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Obsidian Energy in the last twelve months. There are currently 4 buy ratings for the stock. The consensus among Wall Street equities 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 target for 2024?

4 Wall Street research analysts have issued 12 month price targets for Obsidian Energy's shares. Their OBE share price targets range from C$12.50 to C$16.50. On average, they anticipate the company's stock price to reach C$14.19 in the next twelve months. This suggests a possible upside of 22.9% 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 2024?

Obsidian Energy's stock was trading at C$8.99 at the start of the year. Since then, OBE shares have increased by 28.4% and is now trading at C$11.54. View the best growth stocks for 2024 here .

When is Obsidian Energy's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, May 2nd 2024. View our OBE earnings forecast .

How were Obsidian Energy's earnings last quarter?

Obsidian Energy Ltd. (TSE:OBE) posted its quarterly earnings results on Thursday, February, 22nd. The company reported $0.42 earnings per share (EPS) for the quarter. The company had revenue of $173.30 million for the quarter. Obsidian Energy had a trailing twelve-month return on equity of 6.70% and a net margin of 16.53%.

Is Obsidian Energy a good dividend stock?

Obsidian Energy (TSE:OBE) pays an annual dividend of C$0.04 per share and currently has a dividend yield of 1.92%. The dividend payout ratio is 3.13%. This payout ratio is at a healthy, sustainable level, below 75%. Read our dividend analysis for OBE .

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) .

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 .

TSE:OBE

Obsidian Energy (OBE) Stock Price, News & Analysis

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C$11.54

-0.16 (-1.37%)

(As of 04/15/2024 ET)

Compare

Today's Range: C$11.48
▼
C$11.78
50-Day Range: C$8.64
▼
C$11.99
52-Week Range: C$7.05
▼
C$12.11

Volume: 114,249 shs
Average Volume: 141,769 shs
Market Capitalization: C$892.04 million

P/E Ratio: 9.02
Dividend Yield: 0.35%
Price Target: C$14.19

Stock Analysis Analyst Forecasts Chart Competitors Earnings Headlines Insider Trades

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Obsidian Energy MarketRank™ Stock Analysis

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 22.9% Upside
C$14.19 Price Target
Short Interest: N/A
Dividend Strength: Weak
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.59
Based on 9 Articles This Week
Insider Trading: Selling Shares
C$231,112 Sold Last Quarter
Proj. Earnings Growth: N/A

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.51 out of 5 stars

2.5

Analyst's Opinion

Consensus Rating
Obsidian Energy has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 4 buy ratings, no hold ratings, and no sell ratings.
Amount of Analyst Coverage
Obsidian Energy has only been the subject of 2 research reports in the past 90 days.

N/A

Short Interest

Short Interest
There is no current short interest data available for OBE.

1.7

Dividend Strength

Dividend Yield
Obsidian Energy pays a meaningful dividend of 1.92%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Obsidian Energy does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Obsidian Energy is 3.13%. This payout ratio is at a healthy, sustainable level, below 75%.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for OBE.

3.7

News and Social Media Coverage

News Sentiment
Obsidian Energy has a news sentiment score of 0.59. 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 higher news sentiment than the 0.37 average news sentiment score of Energy companies.
News Coverage This Week
MarketBeat has tracked 9 news articles for Obsidian Energy this week, compared to 1 article on an average week.
Search Interest
3 people have searched for OBE on MarketBeat in the last 30 days. This is an increase of 50% compared to the previous 30 days.
MarketBeat Follows
1 people have added Obsidian Energy to their MarketBeat watchlist in the last 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Obsidian Energy insiders have sold 30.44% more of their company's stock than they have bought. Specifically, they have bought C$177,172.00 in company stock and sold C$231,112.00 in company stock.
Percentage Held by Insiders
Only 1.21% of the stock of Obsidian Energy is held by insiders.
Percentage Held by Institutions
Only 22.12% 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 9.02, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 142.26.
Price to Earnings Ratio vs. Sector
The P/E ratio of Obsidian Energy is 9.02, which means that it is trading at a less expensive P/E ratio than the Energy sector average P/E ratio of about 99.92.
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 0.54. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

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About Obsidian Energy Stock (TSE:OBE)

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.

OBE Stock Price History

30 days | 90 days | 365 days | Advanced Chart

OBE Stock News Headlines

April 12, 2024 | insidertrades.com

Mark Kristian Rodger Hawkins Sells 20,000 Shares of Obsidian Energy Ltd. (TSE:OBE) Stock

April 14, 2024 | americanbankingnews.com

Obsidian Energy (TSE:OBE) Hits New 1-Year High at $12.11

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April 13, 2024 | msn.com

The Planet Crafter: Where to Find Obsidian

April 10, 2024 | americanbankingnews.com

Obsidian Energy (TSE:OBE) Given a C$16.50 Price Target by BMO Capital Markets Analysts

April 3, 2024 | theglobeandmail.com

Management pleas to return to the office falling on deaf ears

March 19, 2024 | finance.yahoo.com

OBE Oct 2024 10.000 call

March 19, 2024 | finance.yahoo.com

OBE Oct 2024 5.000 put

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Tellurian CEO Simões resigns; company to explore options such as possible sale

March 16, 2024 | finance.yahoo.com

OBE Apr 2024 5.000 put

March 16, 2024 | finance.yahoo.com

OBE Apr 2024 7.500 call

February 27, 2024 | finanznachrichten.de

Obsidian Energy Ltd.: Obsidian Energy Announces TSX Approval for Renewal of Normal Course Issuer Bid

February 23, 2024 | markets.businessinsider.com

Analysts Offer Insights on Energy Companies: Suncor Energy (SU), Obsidian Energy (OBE) and Pioneer Natural (PXD)

February 22, 2024 | finance.yahoo.com

Obsidian Energy Announces Fourth Quarter and Full Year 2023 Results

February 14, 2024 | finance.yahoo.com

UPDATE 1-Canadian First Nation sends notice of opposition to Obsidian Energy drilling plans

February 14, 2024 | ca.finance.yahoo.com

Canadian First Nation sends notice of opposition to Obsidian Energy drilling plans

February 13, 2024 | msn.com

First Nation urges Obsidian Energy to address northern Alta. quake concerns

February 13, 2024 | msn.com

Obsidian Energy urged by Canadian First Nation to address quake concerns

February 12, 2024 | finance.yahoo.com

Canadian First Nation urges Obsidian Energy to address quake concerns

January 30, 2024 | finance.yahoo.com

Obsidian Energy Announces Increase in 2023 Reserves Across All Categories

January 25, 2024 | finance.yahoo.com

Obsidian Energy Announces 2024 Guidance With 12 Percent Growth in Average Annual Production to 36,000 boe/d

January 23, 2024 | wsj.com

Obsidian Energy Ltd.

January 9, 2024 | finanznachrichten.de

Obsidian Energy Ltd.: Obsidian Energy Announces 2023 Operations Update with Robust Clearwater Results and Continued Growth Plan Execution

January 9, 2024 | finance.yahoo.com

Obsidian Energy Announces 2023 Operations Update with Robust Clearwater Results and Continued Growth Plan Execution

December 28, 2023 | seekingalpha.com

Obsidian Energy Will Boost Output By 50% But I'd Prefer Lower Debt

December 21, 2023 | seekingalpha.com

OBE Obsidian Energy Ltd.

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Company Calendar

Last Earnings: 2/22/2024
Today: 4/15/2024
Next Earnings (Estimated): 5/02/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: TSE
Sector: Energy
Industry: Oil & Gas E&P
Sub-Industry: N/A
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: 198
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: C$14.19
High Stock Price Target: C$16.50
Low Stock Price Target: C$12.50
Potential Upside/Downside: +22.9%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 4 Analysts

Profitability

EPS (Most Recent Fiscal Year): C$1.28
Trailing P/E Ratio: 9.02
Forward P/E Ratio: 6.56
P/E Growth: 0.08
Net Income: C$108 million
Net Margins: 16.53%
Pretax Margin: N/A
Return on Equity: 6.70%
Return on Assets: 4.95%

Debt

Debt-to-Equity Ratio: 13.87
Current Ratio: 0.41
Quick Ratio: 0.41

Sales & Book Value

Annual Sales: C$653.30 million
Price / Sales: 1.37
Cash Flow: C$0.11 per share
Price / Cash Flow: 107.23
Book Value: C$21.19 per share
Price / Book: 0.54

Miscellaneous

Outstanding Shares: 77,300,000
Free Float: N/A
Market Cap: C$892.04 million
Optionable: Not Optionable
Beta: 2.49

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Key Executives

Mr. Peter D. Scott
Senior VP & CFO
Mr. William Clifford Swadling
Vice President of Operations
Mr. Mark Hawkins
VP of Legal, General Counsel & Corporate Secretary
Mr. Gary Sykes
Senior Vice President of Commercial & Development

Key Competitors

View All Competitors

Insiders

View All Insider Transactions

OBE Stock Analysis - Frequently Asked Questions

Should I buy or sell Obsidian Energy stock right now?: 4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Obsidian Energy in the last twelve months. There are currently 4 buy ratings for the stock. The consensus among Wall Street equities 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 target for 2024?: 4 Wall Street research analysts have issued 12 month price targets for Obsidian Energy's shares. Their OBE share price targets range from C$12.50 to C$16.50. On average, they anticipate the company's stock price to reach C$14.19 in the next twelve months. This suggests a possible upside of 22.9% 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 2024?: Obsidian Energy's stock was trading at C$8.99 at the start of the year. Since then, OBE shares have increased by 28.4% and is now trading at C$11.54.
View the best growth stocks for 2024 here.
When is Obsidian Energy's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, May 2nd 2024.
View our OBE earnings forecast.

How were Obsidian Energy's earnings last quarter?: Obsidian Energy Ltd. (TSE:OBE) posted its quarterly earnings results on Thursday, February, 22nd. The company reported $0.42 earnings per share (EPS) for the quarter. The company had revenue of $173.30 million for the quarter. Obsidian Energy had a trailing twelve-month return on equity of 6.70% and a net margin of 16.53%.
Is Obsidian Energy a good dividend stock?: Obsidian Energy (TSE:OBE) pays an annual dividend of C$0.04 per share and currently has a dividend yield of 1.92%. The dividend payout ratio is 3.13%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for OBE.
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).
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.

This page (TSE:OBE) was last updated on 4/15/2024 by MarketBeat.com Staff

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Obsidian Energy (OBE) Stock Price, News & Analysis

Obsidian Energy MarketRank™ Stock Analysis

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 Stock (TSE:OBE)

OBE Stock Price History

OBE Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders

OBE Stock Analysis - Frequently Asked Questions

Overall MarketRank^™