Obsidian Energy Ltd. (OBE)
| Market Cap | 374.27M |
| Revenue (ttm) | 516.16M |
| Net Income (ttm) | 86.24M |
| Shares Out | 74.40M |
| EPS (ttm) | 1.05 |
| PE Ratio | 4.34 |
| Forward PE | 5.11 |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 779,570 |
| Open | 4.89 |
| Previous Close | 4.94 |
| Day's Range | 4.87 - 5.13 |
| 52-Week Range | 4.87 - 9.07 |
| Beta | 2.26 |
| Analysts | Strong Buy |
| Price Target | 14.00 (+176.68%) |
| Earnings Date | Feb 20, 2025 |
About OBE
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. [Read more]
Financial Performance
In 2023, Obsidian Energy's revenue was 653.30 million, a decrease of -15.34% compared to the previous year's 771.70 million. Earnings were 108.00 million, a decrease of -86.67%.
Financial numbers in CAD Financial StatementsAnalyst Forecast
According to one analyst, the rating for OBE stock is "Strong Buy" and the 12-month stock price forecast is $14.0.
News
Obsidian Energy: A Flexible Way To Add Heavy Oil Production
Obsidian Energy has achieved a roughly 20% production increase. The company benefits from historically acquired, low-cost acreage. The historically acquired acreage has increased in value because of t...
Obsidian Energy Announces Third Quarter 2024 Results
Higher third quarter funds flow from operations of $124.7 million ($1.64 per share) — a 34 percent increase over the third quarter of 2023 on a per share basis 2024 average production expected to be a...
Obsidian Energy Announces Date of Third Quarter 2024 Results
Calgary, Alberta--(Newsfile Corp. - October 24, 2024) - OBSIDIAN ENERGY LTD. (TSX: OBE) (NYSE American: OBE) ("Obsidian Energy", the "Company", "we", "us" or "our") expects to release our third quarte...
Obsidian Energy Announces Syndicated Credit Facility Increase to $300 Million
Calgary, Alberta--(Newsfile Corp. - October 7, 2024) - OBSIDIAN ENERGY LTD. (TSX: OBE) (NYSE American: OBE) ("Obsidian Energy", the "Company", "we", "us" or "our") today announced an increase to our s...
Obsidian Energy Announces Increased 2024 Production Guidance and Revised Capital Program
• Revised 2024 guidance range upward to 37,000 to 37,400 boe/d with continued outperformance of development program • Recalibrated fourth quarter 2024 capital program to allow incremental share buybac...
Obsidian Energy Announces Strong Peace River Results and Upwardly Revised Guidance
• Increased August average production to ~40,000 boe/d (based on internal field estimates) • Grew Peace River total average production to ~11,500 boe/d, which included ~3,800 boe/d of Clearwater produ...
Obsidian Energy Announces Filing of Resale Shelf Registration Statement for Administrative Purposes
Calgary, Alberta--(Newsfile Corp. - August 5, 2024) - OBSIDIAN ENERGY LTD. (TSX: OBE) (NYSE American: OBE) ("Obsidian Energy", the "Company", "we", "us" or "our") announced that it has filed a resale ...
Obsidian Energy Announces Second Quarter 2024 Results
Grew year-over-year average daily production by 15 percent to 35,773 boe/d Increased funds flow from operations by 41 percent on a per share basis to $115.2 million ($1.51 per share) Completed first h...
Obsidian Energy Announces Date of Second Quarter 2024 Results
Calgary, Alberta--(Newsfile Corp. - July 25, 2024) - OBSIDIAN ENERGY LTD. (TSX: OBE) (NYSE American: OBE) ("Obsidian Energy", the "Company", "we", "us" or "our") expects to release our second quarter ...
Obsidian Energy Announces Closing of Peace River Acquisition
Calgary, Alberta--(Newsfile Corp. - June 26, 2024) - OBSIDIAN ENERGY LTD. (TSX: OBE) (NYSE American: OBE) ("Obsidian Energy", the "Company", "we", "us" or "our") is pleased to announce it has closed i...
Canadian First Nation agrees with Obsidian Energy's drilling expansion plans
Canada's Woodland Cree First Nation said on Tuesday it has ended its dispute with oil and gas producer Obsidian Energy to expand drilling operations on its traditional territory.
Obsidian Energy Announces Agreement with the Woodland Cree First Nation
Commences Restart of Production at our Harmon Valley South field Calgary, Alberta--(Newsfile Corp. - June 11, 2024) - OBSIDIAN ENERGY LTD. (TSX: OBE) (NYSE American: OBE) (“Obsidian Energy”, the “Comp...
Obsidian Energy: Strong Peace River Development Results, But Dispute Must Be Resolved
Obsidian's development program is going well, and it has recently averaged over 35,500 BOEPD in production despite 4,500 BOEPD in shut-in production. It also made a US$55 million Peace River acquisiti...
Obsidian Energy Announces Peace River Acquisition and Increased 2024 Average Production Guidance
• Peace River Peavine and Gift Lake acquisition provides additional production, reserves and development potential along the Clearwater trend from our successful Dawson field • 2024 Guidance revised...
Obsidian Energy Announces 2024 Development Program Results Above Expectations
Substantially completed active first half development program with 32 (31.4 net) operated wells rig released and 30 (29.4 net) operated development wells brought on production to date Robust results f...
Obsidian Energy Discloses Details of Commercial Dispute with Woodland Cree First Nation
Calgary, Alberta--(Newsfile Corp. - May 15, 2024) - OBSIDIAN ENERGY LTD. (TSX: OBE) (NYSE American: OBE) ("Obsidian Energy", the "Company", "we", "us" or "our") today disclosed details regarding a com...
Canadian First Nation rejects Obsidian Energy drilling expansion plans
Canada's Woodland Cree First Nation has rejected oil and gas producer Obsidian Energy's proposal to expand drilling operations on its traditional territory, the Indigenous community said in a statemen...
Obsidian Energy Announces Voting Results from the 2024 Annual and Special Meeting of Shareholders
Corporate presentation and management webcast available for replay on website Calgary, Alberta--(Newsfile Corp. - May 2, 2024) - OBSIDIAN ENERGY LTD. (TSX: OBE) (NYSE American: OBE) ("Obsidian Energy"...
Obsidian Energy Announces First Quarter 2024 Results
• Increased average production to 34,238 boe/d, up 11 percent per share over the first quarter of 2023; an additional 17 (17.0 net) operated wells came on production in April • Generated funds flow fr...
Obsidian Energy Announces Date of First Quarter 2024 Results and AGM Webcast
Calgary, Alberta--(Newsfile Corp. - April 25, 2024) - OBSIDIAN ENERGY LTD. (TSX: OBE) (NYSE American: OBE) ("Obsidian Energy", the "Company", "we", "us" or "our") expects to release our first quarter ...
Obsidian Energy Completes Offer to Purchase $2.0 Million of our Outstanding Senior Unsecured Notes
Calgary, Alberta--(Newsfile Corp. - March 14, 2024) - OBSIDIAN ENERGY LTD. (TSX: OBE) (NYSE American: OBE) ("Obsidian Energy", the "Company", "we", "us" or "our") today announced completion of our pre...
Obsidian Energy: Limited Free Cash Flow Expected In 2024 As It Grows Production
Obsidian Energy Ltd. is attempting to grow production by 12% in 2024. Obsidian's 2024 free cash flow is projected at US$35 million at current strip. The relatively limited free cash flow is largely du...
Obsidian Energy Announces Operational Update with Strong Start to 2024 Capital Program
• Latest Pembina four-well pad produced at peak rate of over 2,000 boe/d at top end of expectations • Continued robust Viking performance with 2023 eight-well pad producing at rates over 1,300 boe/d• ...
Obsidian Energy Announces TSX Approval for Renewal of Normal Course Issuer Bid
Calgary, Alberta--(Newsfile Corp. - February 27, 2024) - OBSIDIAN ENERGY LTD. (TSX: OBE) (NYSE American: OBE) ("Obsidian Energy", the "Company", "we", "us" or "our") is pleased to announce that the To...
Obsidian Energy Announces Launch of an Offer to Purchase up to $2.0 Million of our Outstanding Senior Unsecured Notes
Calgary, Alberta--(Newsfile Corp. - February 26, 2024) - OBSIDIAN ENERGY LTD. (TSX: OBE) (NYSE American: OBE) ("Obsidian Energy", the "Company", "we", "us" or "our") today announced that we have comme...