Obsidian Energy Ltd. engages in the exploration, development, and production of oil and natural gas properties in Western Canada. Its portfolio of properties includes unitized and non-unitized light oil, heavy oil, and natural gas production. 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.
Strategic Ambitions | Obsidian Energy aims for 50,000 boe/d production by 2026, balancing growth with financial stability in a volatile energy market |
Financial Crossroads | Despite trading below fair value, Obsidian faces debt challenges and uncertain catalysts, prompting analyst caution and price target revisions |
Navigating Uncertainty | Explore how Obsidian's recent transaction and macroeconomic pressures are shaping its strategic reassessment and potential activity reductions |
Analyst Perspectives | Price targets range from $10 to $13, reflecting mixed outlooks on Obsidian's growth potential amid near-term headwinds and long-term opportunities |
Metrics to compare | OBE | Sector Sector - Average of metrics from a broad group of related Energy sector companies | Relationship RelationshipOBEPeersSector | |
---|---|---|---|---|
P/E Ratio | −2.8x | 11.2x | 4.8x | |
PEG Ratio | 0.01 | −0.24 | 0.00 | |
Price/Book | 0.4x | 1.5x | 1.1x | |
Price / LTM Sales | 0.7x | 1.5x | 1.1x | |
Upside (Analyst Target) | 30.0% | 17.2% | 24.9% | |
Fair Value Upside | Unlock | 13.5% | 9.2% | Unlock |