Obsidian Energy (OBE) Stock Price, News & Analysis

Company Overview

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.

Key Stats

• Today's Range: C$7.03 to C$7.35
• 50-Day Range: C$7.09 to C$8.80
• 52-Week Range: C$7.02 to C$12.37
• Volume: 269,415 shs
• Average Volume: 186,168 shs
• Market Capitalization: C$549.55 million
• P/E Ratio: 5.52
• Dividend Yield: 0.55%
• Price Target: C$12.50
• Consensus Rating: Strong Buy

Obsidian Energy Stock Analysis - MarketRank™

Obsidian Energy scored higher than 81% of companies evaluated by MarketBeat. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.8 / 5
• Analyst Rating: Strong Buy

Consensus Rating

Obsidian Energy has received a consensus rating of Strong Buy. The company's average rating score is 3.50, and is based on 1 buy rating, no hold ratings, and no sell ratings.

Amount of Analyst Coverage

Obsidian Energy has only been the subject of 1 research reports in the past 90 days.

Earnings and Valuation

• Score: 3.1 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of Obsidian Energy is 5.52, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 113.42.

Price to Earnings Ratio vs. Sector

The P/E ratio of Obsidian Energy is 5.52, which means that it is trading at a less expensive P/E ratio than the Energy sector average P/E ratio of about 95.81.

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 0.33. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: N/A
• Short Interest Level: N/A

Short Interest

There is no current short interest data available for OBE.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

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 3.05%. This payout ratio is at a healthy, sustainable level, below 75%.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Short Interest

There is no current short interest data available for OBE.

News and Social Media

• Score: 2.3 / 5
• News Sentiment: 0.05

News Sentiment

Obsidian Energy has a news sentiment score of 0.05. 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 lower news sentiment than the 0.55 average news sentiment score of Energy companies.

News Coverage This Week

MarketBeat has tracked 3 news articles for Obsidian Energy this week, compared to 1 article on an average week.

Search Interest

Only 1 people have searched for OBE on MarketBeat in the last 30 days. This is a decrease of -83% compared to the previous 30 days.

MarketBeat Follows

3 people have added Obsidian Energy to their MarketBeat watchlist in the last 30 days.

Company Ownership

• Score: 0.8 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Obsidian Energy insiders have sold more of their company's stock than they have bought. Specifically, they have bought C$0.00 in company stock and sold C$214,391.00 in company stock.

Percentage Held by Insiders

Only 1.20% of the stock of Obsidian Energy is held by insiders.

Percentage Held by Institutions

Only 27.35% of the stock of Obsidian Energy is held by institutions.

OBE Stock Analysis - Frequently Asked Questions

How have OBE shares performed this year?

Obsidian Energy's stock was trading at C$8.99 at the start of the year. Since then, OBE stock has decreased by 19.6% and is now trading at C$7.23.
View the best growth stocks for 2024 here.

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.

What other stocks do shareholders of Obsidian Energy own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Obsidian Energy investors own include Ovintiv (OVV), Baytex Energy (BTE), Crescent Point Energy (CPG), ARC Resources (ARX), Cardinal Energy (CJ), Precision Drilling (PD) and Pembina Pipeline (PPL).

Industry, Sector and Symbol

• Stock Exchange: TSE
• Sector: Energy
• Industry: Oil & Gas E&P
• Sub-Industry: Petroleum And Natural Gas
• 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: 190
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: C$12.50
• High Stock Price Target: C$13.00
• Low Stock Price Target: C$12.00
• Potential Upside/Downside: +72.9%
• Consensus Rating: Strong Buy
• Rating Score (0-4): 3.50
• Research Coverage: 2 Analysts

Profitability

• EPS (Most Recent Fiscal Year): C$1.31
• Trailing P/E Ratio: 5.52
• Forward P/E Ratio: 4.52
• P/E Growth: 0.08
• Net Income: C$108.10 million
• Net Margins: 15.81%
• Pretax Margin: N/A
• Return on Equity: 6.56%
• Return on Assets: 4.88%

Debt

• Debt-to-Equity Ratio: 22.94
• Current Ratio: 0.49
• Quick Ratio: 0.41

Sales & Book Value

• Annual Sales: C$683.80 million
• Price / Sales: 0.80
• Cash Flow: C$0.07 per share
• Price / Cash Flow: 107.23
• Book Value: C$21.99 per share
• Price / Book: 0.33

Miscellaneous

• Outstanding Shares: 76,010,000
• Free Float: N/A
• Market Cap: C$549.55 million
• Optionable: Not Optionable
• Beta: 2.30