Obsidian Energy (OBE) to Release Quarterly Earnings on Friday
Obsidian Energy (NYSE:OBE) (TSE:PWT) is scheduled to be issuing its quarterly earnings data before the market opens on Friday, November 10th. Analysts expect the company to announce earnings of ($0.05) per share for the quarter.
A number of equities research analysts have commented on OBE shares. Canaccord Genuity set a $2.00 price objective on Obsidian Energy and gave the company a “hold” rating in a research note on Wednesday, August 9th. Zacks Investment Research cut Obsidian Energy from a “hold” rating to a “sell” rating in a research note on Thursday, October 12th. ValuEngine cut Obsidian Energy from a “sell” rating to a “strong sell” rating in a research note on Friday, September 1st. Finally, CIBC started coverage on Obsidian Energy in a research note on Wednesday, October 18th. They issued a “neutral” rating for the company. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $2.37.
About Obsidian Energy
Obsidian Energy Ltd, formerly Penn West Petroleum Ltd, is a Canada-based conventional oil and natural gas producer and development and production company. The Company operates a portfolio of opportunities with an oil position in the Cardium, Viking and Peace River areas of Alberta. The Alberta Viking area offers a mix of light-oil and gas with high-netback shorter cycle wells to complement longer cycle activities in the Cardium.
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