Obsidian Energy (OBE) Set to Announce Earnings on Thursday

Obsidian Energy (TSE:OBE) is scheduled to be announcing its earnings results before the market opens on Thursday, May 2nd. Analysts expect the company to announce earnings of C$0.27 per share for the quarter.

Obsidian Energy (TSE:OBE) last released its quarterly earnings results on Thursday, February 22nd. The company reported C$0.42 EPS for the quarter. Obsidian Energy had a return on equity of 6.70% and a net margin of 16.53%. The firm had revenue of C$173.30 million for the quarter.

Obsidian Energy Price Performance

OBE stock opened at C$12.32 on Monday. The company has a quick ratio of 0.41, a current ratio of 0.41 and a debt-to-equity ratio of 13.87. Obsidian Energy has a 52-week low of C$7.05 and a 52-week high of C$12.37. The stock’s 50 day moving average is C$10.67 and its two-hundred day moving average is C$10.15. The company has a market capitalization of C$952.34 million, a PE ratio of 9.63, a P/E/G ratio of 0.08 and a beta of 2.49.

Wall Street Analysts Forecast Growth

OBE has been the topic of several analyst reports. Raymond James dropped their price objective on Obsidian Energy from C$15.50 to C$12.50 and set an “outperform” rating on the stock in a report on Friday, January 19th. BMO Capital Markets set a C$16.50 price target on Obsidian Energy and gave the company an “outperform” rating in a report on Tuesday, April 9th.

Insiders Place Their Bets

In other news, Director John Brydson acquired 25,000 shares of the business’s stock in a transaction dated Thursday, February 29th. The stock was acquired at an average price of C$7.09 per share, for a total transaction of C$177,172.50. In other news, Senior Officer Mark Kristian Rodger Hawkins sold 20,000 shares of the company’s stock in a transaction on Friday, April 5th. The stock was sold at an average price of C$11.56, for a total value of C$231,112.00. Also, Director John Brydson acquired 25,000 shares of the business’s stock in a transaction dated Thursday, February 29th. The stock was purchased at an average price of C$7.09 per share, with a total value of C$177,172.50. 1.21% of the stock is currently 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.