Streetbeat News

OBE

Obsidian Energy Ltd.

https://www.obsidianenergy.com

Industry

Oil & Gas Exploration & Production

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.

Open

5.42

Mkt cap

399M

Volume

174K

High

5.42

P/E Ratio

5.26

52-wk high

9.07

Low

5.25

Div yield

N/A

52-wk low

5.24

Bubblr Inc., operating as Ethical Web AI, has appointed Peter Varnish OBE to its Advisory Board, signaling a strategic move to enhance its leadership in ethical technology.

Portfolio Pulse from

November 18, 2024 | 5:30 pm

Bubblr Inc., operating as Ethical Web AI, has appointed Peter Varnish OBE to its Advisory Board. Varnish is a renowned electronics and weapons engineer with expertise in defense and security, advising on threats and technologies.

Portfolio Pulse from

November 18, 2024 | 5:30 pm

RBC Capital analyst Greg Pardy has reiterated an Outperform rating on Obsidian Energy and maintained a price target of C$13.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2024 | 3:47 pm

Obsidian Energy reported Q3 2024 earnings of C$1.58 per share, surpassing the analyst estimate of C$1.06 by 49.06%. Sales increased to C$218.2M, up 8.88% YoY.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2024 | 11:13 am

Obsidian Energy reported Q3 2024 earnings of C$1.58 per share, surpassing the analyst consensus estimate of C$1.06 by 49.06%. This marks a 32.77% increase from the previous year's earnings of C$1.19 per share.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2024 | 11:09 am

Philips reported weak Q3 earnings, missing EPS and sales estimates, leading to a 17.2% drop in pre-market trading. Other stocks like Tevogen Bio, Borr Drilling, Bowhead Specialty, W&T Offshore, Clear Channel Outdoor, and Obsidian Energy also saw declines.

Portfolio Pulse from Avi Kapoor

October 28, 2024 | 12:07 pm

Raymond James has initiated coverage on Obsidian Energy with a Strong Buy rating and set a price target of $14.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2024 | 5:45 pm

Obsidian Energy has increased its 2024 production guidance by 15% while cutting capital spending by $15 million. The company plans to reallocate funds towards share buybacks and debt reduction, despite a minor impact on production. This decision is expected to improve financial metrics and provide greater shareholder value.

Portfolio Pulse from Benzinga Newsdesk

October 01, 2024 | 7:21 am

RBC Capital analyst Greg Pardy has reiterated an Outperform rating on Obsidian Energy and maintained a price target of C$15.

Portfolio Pulse from Benzinga Newsdesk

August 05, 2024 | 3:21 pm

Obsidian Energy reported Q2 2024 GAAP EPS of C$0.46, missing the estimate of C$1.50. However, production revenues increased to C$208.4 million from C$166 million year-over-year.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 11:48 am

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