Equities analysts expect Obsidian Energy Ltd (NYSE:OBE) (TSE:PWT) to announce earnings per share (EPS) of ($0.07) for the current fiscal quarter, according to Zacks Investment Research. Zero analysts have provided estimates for Obsidian Energy’s earnings. Obsidian Energy posted earnings per share of ($0.32) in the same quarter last year, which suggests a positive year over year growth rate of 78.1%. The firm is expected to issue its next earnings report on Wednesday, March 21st.

According to Zacks, analysts expect that Obsidian Energy will report full-year earnings of ($0.10) per share for the current fiscal year, with EPS estimates ranging from ($0.11) to ($0.09). For the next year, analysts expect that the business will report earnings of ($0.24) per share, with EPS estimates ranging from ($0.29) to ($0.19). Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that that provide coverage for Obsidian Energy.

A number of research firms have commented on OBE. ValuEngine cut shares of Obsidian Energy from a “sell” rating to a “strong sell” rating in a research note on Sunday, December 31st. Zacks Investment Research raised shares of Obsidian Energy from a “sell” rating to a “hold” rating in a research note on Thursday, November 16th. AltaCorp Capital raised shares of Obsidian Energy from a “sector perform” rating to an “outperform” rating in a research note on Monday, November 13th. Royal Bank of Canada boosted their price target on shares of Obsidian Energy from $1.45 to $1.71 and gave the stock a “sector perform” rating in a research note on Monday, November 13th. Finally, Raymond James Financial raised shares of Obsidian Energy from a “mkt perform” rating to an “outperform” rating in a research note on Friday, November 10th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company’s stock. Obsidian Energy presently has a consensus rating of “Hold” and an average target price of $1.86.

Obsidian Energy (OBE) opened at $1.26 on Friday. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.15. Obsidian Energy has a 12 month low of $0.82 and a 12 month high of $2.05. The company has a market cap of $637.20, a P/E ratio of -3.07 and a beta of 4.79.

A number of hedge funds have recently added to or reduced their stakes in OBE. FrontFour Capital Group LLC lifted its holdings in shares of Obsidian Energy by 7.3% in the 3rd quarter. FrontFour Capital Group LLC now owns 19,471,990 shares of the oil and gas company’s stock worth $20,446,000 after acquiring an additional 1,323,990 shares during the last quarter. BlueCrest Capital Management Ltd bought a new stake in shares of Obsidian Energy in the 2nd quarter worth approximately $531,000. Toronto Dominion Bank bought a new stake in shares of Obsidian Energy in the 2nd quarter worth approximately $338,000. GMT Capital Corp bought a new stake in shares of Obsidian Energy in the 3rd quarter worth approximately $1,323,000. Finally, Contrarius Investment Management Ltd lifted its holdings in shares of Obsidian Energy by 1.6% in the 3rd quarter. Contrarius Investment Management Ltd now owns 13,745,390 shares of the oil and gas company’s stock worth $14,433,000 after acquiring an additional 211,373 shares during the last quarter. 19.91% of the stock is owned by institutional investors and hedge funds.

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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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