Obsidian Energy (NYSEAMERICAN:OBE) Announces Quarterly Earnings Results

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

Obsidian Energy Stock Performance

Obsidian Energy stock traded up $0.03 during mid-day trading on Thursday, reaching $9.24. 899,156 shares of the company were exchanged, compared to its average volume of 690,874. Obsidian Energy has a twelve month low of $5.55 and a twelve month high of $14.59. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.78 and a current ratio of 0.78. The firm’s 50-day simple moving average is $11.43 and its two-hundred day simple moving average is $10.17. The firm has a market cap of $609.93 million, a PE ratio of 32.89 and a beta of 0.31.

Analysts Set New Price Targets

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