Obsidian Energy (OBE) Scheduled to Post Quarterly Earnings on Thursday

Obsidian Energy (TSE:OBE) is scheduled to issue its quarterly earnings data before the market opens on Thursday, August 1st.

Obsidian Energy (TSE:OBE) last announced its quarterly earnings data on Thursday, May 2nd. The company reported C$0.15 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.27 by C($0.12). The firm had revenue of C$177.30 million during the quarter. Obsidian Energy had a net margin of 13.72% and a return on equity of 5.50%.

Obsidian Energy Stock Performance

Shares of OBE stock traded down C$0.02 during mid-day trading on Tuesday, reaching C$9.93. The stock had a trading volume of 64,906 shares, compared to its average volume of 156,216. The business’s fifty day moving average is C$10.10 and its 200-day moving average is C$10.18. The company has a current ratio of 0.45, a quick ratio of 0.41 and a debt-to-equity ratio of 17.33. The firm has a market cap of C$760.54 million, a price-to-earnings ratio of 9.30, a PEG ratio of 0.08 and a beta of 2.50. Obsidian Energy has a 1-year low of C$8.42 and a 1-year high of C$12.37.

Analysts Set New Price Targets

Separately, BMO Capital Markets set a C$16.50 price objective on Obsidian Energy and gave the company an “outperform” rating in a report on Tuesday, April 9th.

Insider Buying and Selling

In related news, Senior Officer Mark Kristian Rodger Hawkins sold 30,150 shares of the firm’s stock in a transaction dated Wednesday, June 19th. The stock was sold at an average price of C$9.76, for a total transaction of C$294,297.17. In other Obsidian Energy news, Senior Officer Mark Kristian Rodger Hawkins sold 30,150 shares of the stock in a transaction that occurred on Wednesday, June 19th. The stock was sold at an average price of C$9.76, for a total transaction of C$294,297.17. Also, Director John Brydson purchased 25,000 shares of the stock in a transaction on Friday, June 14th. The shares were acquired at an average price of C$7.04 per share, for a total transaction of C$176,000.00. 1.32% of the stock is owned by corporate insiders.

About Obsidian Energy

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.