Obsidian Energy (OBE) Issues Quarterly Earnings Results

Obsidian Energy (NYSE:OBE) (TSE:PWT) announced its quarterly earnings data on Thursday. The oil and gas company reported ($0.05) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.03) by ($0.02), MarketWatch Earnings reports. The company had revenue of $94.88 million during the quarter. Obsidian Energy had a negative net margin of 59.90% and a negative return on equity of 11.33%.

NYSE OBE traded down $0.06 during midday trading on Friday, hitting $0.62. The company had a trading volume of 1,560,703 shares, compared to its average volume of 1,195,398. The stock has a market capitalization of $357.46 million, a PE ratio of -4.77 and a beta of 4.37. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.46 and a quick ratio of 0.46. Obsidian Energy has a twelve month low of $0.62 and a twelve month high of $1.44.

Separately, ValuEngine raised Obsidian Energy from a “sell” rating to a “hold” rating in a report on Tuesday, October 2nd. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $1.48.

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About Obsidian Energy

Obsidian Energy Ltd. explores for, develops, and produces oil and natural gas in western Canada. The company primarily holds interests in the Cardium development area that covers an area of approximately 450 net sections of developed and undeveloped land located in west central Alberta; Peace River development area covering an area of 235 net sections of developed and undeveloped land located in northwestern Alberta; and Viking development area that covers an area of approximately 170 net sections of developed and undeveloped land located in Eastern Alberta.

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Earnings History for Obsidian Energy (NYSE:OBE)

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