Obsidian Energy (NYSEAMERICAN:OBE) Posts Earnings Results

Obsidian Energy (NYSEAMERICAN:OBE) (TSE:PWT) issued its quarterly earnings results on Thursday. The oil and gas company reported $0.19 earnings per share (EPS) for the quarter, Zacks reports. Obsidian Energy had a net margin of 4.63% and a return on equity of 2.00%.

Obsidian Energy Price Performance

Shares of NYSEAMERICAN:OBE traded up $0.03 on Thursday, reaching $9.24. 899,156 shares of the company were exchanged, compared to its average volume of 690,874. The company has a 50-day moving average of $11.43 and a 200-day moving average of $10.17. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 0.25. The firm has a market cap of $609.93 million, a price-to-earnings ratio of 32.89 and a beta of 0.31. Obsidian Energy has a 1-year low of $5.55 and a 1-year high of $14.59.

Wall Street Analyst Weigh In

Separately, Raymond James Financial reaffirmed an “outperform” rating on shares of Obsidian Energy in a report on Wednesday, September 16th. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, Obsidian Energy presently has a consensus rating of “Moderate Buy” and a consensus target price of $18.00.

About Obsidian Energy

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.