Obsidian Energy (TSE:OBE) Releases Earnings Results

Obsidian Energy (TSE:OBE) announced its quarterly earnings data on Thursday. The company reported C$0.61 earnings per share for the quarter, FiscalAI reports. The business had revenue of C$181.30 million during the quarter. Obsidian Energy had a net margin of 4.96% and a return on equity of 2.00%.

Obsidian Energy Stock Performance

Shares of OBE opened at C$15.05 on Friday. The firm has a fifty day moving average of C$13.79 and a 200-day moving average of C$13.10. The company has a market cap of C$1.00 billion, a price-to-earnings ratio of 1,505.00, a price-to-earnings-growth ratio of 0.08 and a beta of -0.30. The company has a debt-to-equity ratio of 26.77, a quick ratio of 0.41 and a current ratio of 0.78. Obsidian Energy has a 1 year low of C$7.62 and a 1 year high of C$19.83.

Insider Buying and Selling

In other news, Director Stephen Loukas bought 5,000 shares of Obsidian Energy stock in a transaction on Tuesday, July 7th. The stock was purchased at an average cost of C$11.17 per share, with a total value of C$55,850.00. Following the purchase, the director directly owned 1,663,711 shares of the company’s stock, valued at approximately C$18,583,651.87. This trade represents a 0.30% increase in their position. Also, Director Edward Hume Kernaghan bought 3,000 shares of the firm’s stock in a transaction on Monday, July 6th. The stock was purchased at an average price of C$11.25 per share, with a total value of C$33,750.00. Following the transaction, the director owned 4,032,914 shares in the company, valued at C$45,370,282.50. The trade was a 0.07% increase in their position. Insiders have bought a total of 30,600 shares of company stock valued at $461,458 in the last quarter. Company insiders own 1.20% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on OBE shares. Raymond James Financial raised their target price on shares of Obsidian Energy from C$19.00 to C$20.00 and gave the stock an “outperform” rating in a report on Tuesday, June 2nd. Royal Bank Of Canada upgraded Obsidian Energy to a “hold” rating in a research report on Monday, May 11th. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of C$14.00.

Obsidian Energy Company Profile

Obsidian Energy is an intermediate-sized oil and gas producer with a well-balanced portfolio of high-quality assets, primarily in the Peace River, Willesden Green and Viking areas in Alberta. The Company’s business is to explore for, develop and hold interests in oil and natural gas properties and related production infrastructure in the Western Canada Sedimentary Basin.