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

5.87

Mkt cap

447M

Volume

212K

High

5.88

P/E Ratio

5.76

52-wk high

9.07

Low

5.77

Div yield

N/A

52-wk low

5.24

US natural gas prices have surged to a 5-month high due to forecasts of hot weather, leading to increased cooling demand. This has positively impacted several energy stocks, particularly those involved in the natural gas market.

Portfolio Pulse from Piero Cingari

June 10, 2024 | 4:30 pm

Jim Cramer on CNBC's 'Mad Money Lightning Round' recommended buying Energy Transfer LP (ET) and selling SoundHound AI, Inc. (SOUN). He also suggested holding Obsidian Energy Ltd. (OBE) but preferred Coterra (CTRA). Cramer advised holding GE Vernova Inc. (GEV) and taking profits in The AES Corporation (AES) and ZIM Integrated Shipping Services Ltd. (ZIM). He mentioned Super Micro Computer, Inc. (SMCI) but recommended Nvidia (NVDA) instead. Leonardo DRS, Inc. (DRS) was also positively mentioned.

Portfolio Pulse from Avi Kapoor

June 05, 2024 | 1:34 pm

Obsidian Energy reported Q1 2024 GAAP EPS of $0.15, significantly missing the analyst consensus estimate of $1.20 by 87.5%.