Obsidian Energy Ltd. (OBE)

NYSEAMERICAN: OBE · IEX Real-Time Price · USD
7.88
-0.28 (-3.43%)
May 18, 2022 4:00 PM EDT - Market closed
Market Cap646.77M
Revenue (ttm)n/a
Net Income (ttm)n/a
Shares Out82.08M
EPS (ttm)4.14
PE Ratio1.90
Forward PE3.18
Dividendn/a
Ex-Dividend Daten/a
Volume712,863
Open8.22
Previous Close8.16
Day's Range7.78 - 8.29
52-Week Range1.52 - 9.84
Beta3.26
AnalystsBuy
Price Target10.57 (+34.1%)
Earnings DateMay 4, 2022

About OBE

Obsidian Energy Ltd. primarily focuses on the exploration, production, and development of oil and natural gas properties in the Western Canada Sedimentary Basin. 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.

IndustryOil & Gas E&P
Founded1979
CEOStephen Loukas
Employees173
Stock ExchangeNYSEAMERICAN
Ticker SymbolOBE
Full Company Profile

Financial Performance

Financial numbers in millions CADFinancial Statements

Analyst Forecast

According to 8 analysts, the average rating for OBE stock is "Buy." The 12-month stock price forecast is 10.57, which is an increase of 34.14% from the latest price.

Price Target
$10.57
(34.14% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Obsidian Energy Announces First Quarter 2022 Results

Strong first quarter average production of 29,407 boe/d; current production further grew to 33,000 boe/d based on recent drilling successActive first half four-rig drilling program with 19 operated well...

2 weeks ago - Newsfile Corp

4 Cheap Stocks That Wall Street Analysts Love

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2 weeks ago - InvestorPlace

Obsidian Energy Announces Release Date of First Quarter 2022 Results

Calgary, Alberta--(Newsfile Corp. - April 25, 2022) - OBSIDIAN ENERGY LTD. (TSX: OBE) (NYSE American: OBE) ("Obsidian Energy", the "Company", "we", "us" or "our") announces that we expect to release our...

3 weeks ago - Newsfile Corp

Obsidian Energy Provides Operational Update and Land Acquisition

All 2021 development drilling program wells on production8 wells from 2022 first half development program on production with an additional 7 expected in the second quarter 2022 production guidance range...

1 month ago - Newsfile Corp

7 Smart Stocks to Buy Now Under $10

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1 month ago - InvestorPlace

5 'Magic Formula' Energy Stocks to Consider as Oil Prices Rise

Joel Greenblatt (Trades, Portfolio) introduced the investing world to the “Magic Formula” when he published his bestselling book, “The Little Book That Beats the Market,” in 2005. The idea behind the Ma...

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2 months ago - GuruFocus

Obsidian Energy Confirms Filing of Its 2021 Year End Disclosure Documents

Calgary, Alberta--(Newsfile Corp. - February 24, 2022) - OBSIDIAN ENERGY LTD. (TSX: OBE) (NYSE AMERICAN: OBE) ("Obsidian Energy", the "Company", "we", "us" or "our") announces that it has filed with Can...

2 months ago - Newsfile Corp

Obsidian Energy Announces Fourth Quarter and Full Year 2021 Results

Funds flow from operations increased by $100 million to $218 million in 2021Net debt reduced by 12 percent to $413.5 million in 2021Recent four well Peace River program achieved peak oil production of o...

2 months ago - Newsfile Corp

Obsidian Energy Announces 2021 Reserves Value Increase of over 50 Percent with Year-End Reserves Report

Reserve values increased by more than 50 percent across all categories with total proved plus probable of approximately $1.8 billion (net asset value, before-tax, discounted at 10 percent)Reserve replac...

3 months ago - Newsfile Corp

Obsidian Energy Announces Listing and Trading on the NYSE American

Calgary, Alberta--(Newsfile Corp. - January 26, 2022) - OBSIDIAN ENERGY LTD. (TSX: OBE) (OTCQX: OBELF) ("Obsidian Energy", the "Company", "we", "us" or "our") is pleased to announce that the NYSE Americ...

3 months ago - Newsfile Corp

Obsidian Energy Announces 2022 Drilling Program and Guidance as well as Update on Development Program

Initial 2022 capital program of $143 to $149 million with opportunity for second half expansion19 well Cardium drilling program builds on 2021 success 10 wells planned in Peace River, including four Cle...

3 months ago - Newsfile Corp

Obsidian Energy Announces Reconfirmation of our Syndicated Credit Facility

Calgary, Alberta--(Newsfile Corp. - January 18, 2022) - OBSIDIAN ENERGY LTD. (TSX: OBE) (OTCQX: OBELF) ("Obsidian Energy", the "Company", "we", "us" or "our") is pleased to announce the reconfirmation o...

4 months ago - Newsfile Corp

Obsidian Energy Announces Application for Listing on the NYSE American and 2022 Guidance Release Webcast

Calgary, Alberta--(Newsfile Corp. - January 13, 2022) - OBSIDIAN ENERGY LTD. (TSX: OBE) (OTCQX: OBELF) ("Obsidian Energy", the "Company", "we", "us" or "our") is pleased to announce that the Company has...

4 months ago - Newsfile Corp

Obsidian Energy Announces Updates to Our Syndicated Credit Facility and Senior Notes

Calgary, Alberta--(Newsfile Corp. - January 11, 2022) - OBSIDIAN ENERGY LTD. (TSX: OBE) (OTCQX: OBELF) ("Obsidian Energy", the "Company", "we", "us" or "our") announced that we have completed the one-ti...

4 months ago - Newsfile Corp

Obsidian Energy Provides Operational Update

2021 development drilling program successfully completed on scheduleCalgary, Alberta--(Newsfile Corp. - January 6, 2022) - OBSIDIAN ENERGY LTD. (TSX: OBE) (OTCQX: OBELF) ("Obsidian Energy", the "Company...

4 months ago - Newsfile Corp

Obsidian Energy Announces Updates to Our Syndicated Credit Facility

Calgary, Alberta--(Newsfile Corp. - November 30, 2021) - OBSIDIAN ENERGY LTD. (TSX: OBE) (OTCQX: OBELF) ("Obsidian Energy", the "Company", "we", "us" or "our") announced that our semi-annual borrowing b...

5 months ago - Newsfile Corp

Obsidian Energy Announces Closing of the Peace River Oil Partnership Acquisition

Calgary, Alberta--(Newsfile Corp. - November 24, 2021) - OBSIDIAN ENERGY LTD. (TSX: OBE) (OTCQX: OBELF) ("Obsidian Energy", the "Company", "we", "us" or "our") is pleased to announce it has closed its p...

5 months ago - Newsfile Corp

Obsidian Energy Announces Completion of Oversubscribed $25.9 Million Prospectus Financing

NOT FOR DISTRIBUTION TO U.S. NEWS SERVICES OR DISSEMINATION IN THE UNITED STATES

6 months ago - GlobeNewsWire

Obsidian Energy Announces Third Quarter Results with Continued Increasing Funds Flow from Operations

Successful drilling results to date in the second half 2021 drilling program Continued debt pay down and higher funds flow from operationsAcquisition of remaining Peace River Oil Partnership ownership s...

6 months ago - Newsfile Corp

Obsidian Energy Announces Pricing and Filing of Amended and Restated Preliminary Prospectus

Calgary, Alberta--(Newsfile Corp. - November 4, 2021) - OBSIDIAN ENERGY LTD. (TSX: OBE) (OTCQX: OBELF) ("Obsidian Energy", the "Company", "we", "us" or "our") is pleased to announce that it has filed an...

6 months ago - Newsfile Corp

Obsidian Energy Announces Up to $22.5 Million Equity Issue

Proceeds to pay for acquisition of 45 percent partnership interest in Peace River Oil PartnershipCalgary, Alberta--(Newsfile Corp. - November 2, 2021) - OBSIDIAN ENERGY LTD. (TSX: OBE) (OTCQX: OBELF) ("...

6 months ago - Newsfile Corp

Obsidian Energy Announces Acquisition of 45 Percent Partnership Interest in Peace River Oil Partnership, Up to $22.5 ...

Acquisition to provide additional production and reserves, full operational and funding control Increased third quarter funds flow from operations from higher commodity prices and dedicated focus on man...

6 months ago - Newsfile Corp

Obsidian Energy Announces Acquisition of 45 Percent Partnership Interest in Peace River Oil Partnership Preliminary T...

Acquisition to provide additional production and reserves, full operational and funding control Increased third quarter funds flow from operations from higher commodity prices and dedicated focus on man...

6 months ago - Newsfile Corp

Obsidian Energy Provides Operational Update with Increased Production Guidance, and Additional Wells to Be Drilled in...

Production guidance increased to 24,300 - 24,500 boe/dAccelerated three wells from our 2022 program into 2021, remaining within our capital guidanceStephen Loukas employment contract extended to Decembe...

6 months ago - Newsfile Corp

Obsidian Energy Announces Increased 2021 Production and Capital Expenditure Guidance with Second Quarter 2021 Results

Successful completion of first half and an early start to the second half 2021 drilling program Continued debt paydown and higher funds flow from operationsCalgary, Alberta--(Newsfile Corp. - July 29, 2...

9 months ago - Newsfile Corp