Obsidian Energy (NYSEAMERICAN:OBE – Get Free Report) (TSE:PWT) issued its quarterly earnings results on Thursday. The oil and gas company reported $0.19 earnings per share for the quarter, Zacks reports. Obsidian Energy had a net margin of 4.63% and a return on equity of 2.00%. The company had revenue of $99.62 million for the quarter.
Obsidian Energy Stock Performance
Shares of OBE traded up $0.33 during mid-day trading on Friday, reaching $9.57. The company had a trading volume of 328,927 shares, compared to its average volume of 819,913. The stock has a market capitalization of $631.91 million, a P/E ratio of 34.19 and a beta of 0.31. Obsidian Energy has a 52-week low of $5.55 and a 52-week high of $14.59. The stock has a 50 day moving average of $11.43 and a two-hundred day moving average of $10.17. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.25.
Wall Street Analysts Forecast Growth
Separately, Raymond James Financial restated an “outperform” rating on shares of Obsidian Energy in a research note on Wednesday, September 16th. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $18.00.
Read Our Latest Stock Analysis on OBE
Obsidian Energy Company Profile
Obsidian Energy Ltd. is a Canadian oil and natural gas exploration and production company headquartered in Calgary, Alberta. The company develops and produces crude oil, natural gas and natural gas liquids from conventional and light-oil assets in the Western Canadian Sedimentary Basin.
Obsidian Energy’s operations are concentrated in Alberta and are organized around core operating areas that include the Cardium, Peace River and Clearwater regions. Its activities include acquiring and developing petroleum properties, drilling and completing wells, and managing production and field infrastructure.
The company was formerly known as Penn West Petroleum Ltd.
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