Obsidian Energy (OBE) Scheduled to Post Earnings on Thursday

Obsidian Energy (TSE:OBE - Get Free Report) is set to issue its quarterly earnings data before the market opens on Thursday, October 31st.

Obsidian Energy (TSE:OBE - Get Free Report) last posted its earnings results on Thursday, August 1st. The company reported C$0.46 earnings per share (EPS) for the quarter. The company had revenue of C$208.40 million during the quarter. Obsidian Energy had a net margin of 15.81% and a return on equity of 6.56%.

Obsidian Energy Price Performance

TSE OBE traded up C$0.19 during trading hours on Friday, reaching C$8.18. 345,000 shares of the company's stock were exchanged, compared to its average volume of 165,600. The firm has a fifty day moving average of C$8.39 and a 200-day moving average of C$9.68. Obsidian Energy has a one year low of C$7.36 and a one year high of C$12.37. The stock has a market cap of C$621.76 million, a PE ratio of 6.24, a price-to-earnings-growth ratio of 0.08 and a beta of 2.30. The company has a current ratio of 0.49, a quick ratio of 0.41 and a debt-to-equity ratio of 22.94.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on OBE. Raymond James raised Obsidian Energy to a "strong-buy" rating in a report on Thursday, October 17th. Royal Bank of Canada cut their price objective on shares of Obsidian Energy from C$15.00 to C$13.00 in a report on Tuesday, September 17th.

Insider Transactions at Obsidian Energy

In other news, Director Gordon Malcolm Ritchie purchased 11,000 shares of the company's stock in a transaction on Thursday, September 5th. The shares were purchased at an average price of C$7.99 per share, with a total value of C$87,890.00. In other Obsidian Energy news, Director Michael Faust bought 40,200 shares of Obsidian Energy stock in a transaction that occurred on Tuesday, August 6th. The stock was acquired at an average price of C$6.21 per share, for a total transaction of C$249,654.06. Also, Director Gordon Malcolm Ritchie purchased 11,000 shares of the stock in a transaction on Thursday, September 5th. The stock was acquired at an average price of C$7.99 per share, for a total transaction of C$87,890.00. 1.20% of the stock is owned by insiders.

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.