(OBE) Obsidian Energy - AMEX
Sector: Energy | Industry: Oil & Gas E&P | Exchange: AMEX (USA) | Market Cap: 739m USD | Total Return: 100% in 12m
Avg Turnover: 7.97M
Qual. Beats: 0
Rev. Trend: -61.7%
Qual. Beats: 1
Warnings
Altman Z'' 0.68 < 1.0 - financial distress zone
Below Avwap Earnings
Tailwinds
Rs Leader, Idiosyncratic Leader
Obsidian Energy Ltd. is a Calgary-based exploration and production company focused on the Western Canadian Sedimentary Basin. The firm manages a diverse portfolio of light oil, heavy oil, and natural gas assets through both unitized and non-unitized structures. Rebranded from Penn West Petroleum in 2017, the company operates within a capital-intensive sector where profitability is heavily influenced by regional benchmark pricing, such as Western Canadian Select (WCS).
The business model relies on the development of long-life assets and the application of enhanced oil recovery techniques to mitigate natural decline rates. As a small-cap operator, Obsidian Energy is subject to the volatility of global commodity markets and infrastructure constraints inherent to the Canadian energy landscape. Investors can examine the company’s valuation metrics and peer comparisons on ValueRay to further their analysis. The company’s common stock has been listed on the NYSE American since April 2020.
- Peace River heavy oil expansion drives production and reserve growth
- WTI and WCS price spreads impact operating netbacks and margins
- Three-year development plan targets significant free cash flow generation
- Debt reduction and share buybacks dictate capital allocation strategy
| Net Income: 1.10m TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.04 > 0.02 and ΔFCF/TA -1.78 > 1.0 |
| NWC/Revenue: -19.50% < 20% (prev 21.76%; Δ -41.26% < -1%) |
| CFO/TA 0.09 > 3% & CFO 179.1m > Net Income 1.10m |
| Net Debt (283.1m) to EBITDA (216.0m): 1.31 < 3 |
| Current Ratio: 0.58 > 1.5 & < 3 |
| Outstanding Shares: last quarter (67.3m) vs 12m ago -11.91% < -2% |
| Gross Margin: 53.86% > 18% (prev 2.67%; Δ 51.19% > 0.5%) |
| Asset Turnover: 26.50% > 50% (prev 37.41%; Δ -10.91% > 0%) |
| Interest Coverage Ratio: 1.10 > 6 (EBIT TTM 22.1m / Interest Expense TTM 20.1m) |
| A: -0.05 (Total Current Assets 145.2m - Total Current Liabilities 252.4m) / Total Assets 1.97b |
| B: -0.42 (Retained Earnings -823.6m / Total Assets 1.97b) |
| C: 0.01 (EBIT TTM 22.1m / Avg Total Assets 2.07b) |
| D: 2.21 (Book Value of Equity 1.36b / Total Liabilities 615.3m) |
| Altman-Z'' = 0.68 = B |
| DSRI: 1.56 (Receivables 90.7m/86.0m, Revenue 549.6m/813.0m) |
| GMI: 0.05 (GM 2.67% / 53.86%) |
| AQI: 1.22 (AQ_t 0.15 / AQ_t-1 0.12) |
| SGI: 0.68 (Revenue 549.6m / 813.0m) |
| TATA: -0.09 (NI 1.10m - CFO 179.1m) / TA 1.97b) |
| Beneish M = -3.54 (Cap -4..+1) = AAA |
As of June 10, 2026, the stock is trading at USD 10.72 with a total of 775,388 shares traded.
Over the past week, the price has changed by -13.06%,
over one month by -16.83%,
over three months by +25.38% and
over the past year by +100.00%.
Obsidian Energy has received a consensus analysts rating of 3.75. Therefore, it is recommended to hold OBE.
- StrongBuy: 1
- Buy: 1
- Hold: 2
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 6.1 | -43.1% |
Market Cap CAD = 1.03b (738.6m USD * 1.3941 USD.CAD)
P/E Trailing = 1106.0001
P/E Forward = 10.7643
P/S = 1.5014
P/B = 0.8271
Revenue TTM = 549.6m CAD
EBIT TTM = 22.1m CAD
EBITDA TTM = 216.0m CAD
Long Term Debt = 245.3m CAD (from longTermDebt, last quarter)
Short Term Debt = 3.21m CAD (from shortTermDebt, last quarter)
Debt = 284.6m CAD (from shortLongTermDebtTotal, last quarter) + Leases 19.3m
Net Debt = 283.1m CAD (calculated: Debt 284.6m - CCE 1.50m)
Enterprise Value = 1.31b CAD (1.03b + Debt 284.6m - CCE 1.50m)
Interest Coverage Ratio = 1.10 (Ebit TTM 22.1m / Interest Expense TTM 20.1m)
EV/FCF = -18.19x (Enterprise Value 1.31b / FCF TTM -72.2m)
FCF Yield = -5.50% (FCF TTM -72.2m / Enterprise Value 1.31b)
FCF Margin = -13.13% (FCF TTM -72.2m / Revenue TTM 549.6m)
Net Margin = 0.20% (Net Income TTM 1.10m / Revenue TTM 549.6m)
Gross Margin = 53.86% ((Revenue TTM 549.6m - Cost of Revenue TTM 253.6m) / Revenue TTM)
Gross Margin QoQ = 60.90% (prev 45.52%)
Tobins Q-Ratio = 0.66 (Enterprise Value 1.31b / Total Assets 1.97b)
Interest Expense / Debt = 7.06% (Interest Expense 20.1m / Debt 284.6m)
Taxrate = 45.0% (900k / 2.00m)
NOPAT = 12.2m (EBIT 22.1m * (1 - 45.00%))
Current Ratio = 0.58 (Total Current Assets 145.2m / Total Current Liabilities 252.4m)
Debt / Equity = 0.21 (Debt 284.6m / totalStockholderEquity, last quarter 1.36b)
Debt / EBITDA = 1.31 (Net Debt 283.1m / EBITDA 216.0m)
Debt / FCF = -3.92 (negative FCF - burning cash) (Net Debt 283.1m / FCF TTM -72.2m)
Total Stockholder Equity = 1.39b (last 4 quarters mean from totalStockholderEquity)
RoA = 0.05% (Net Income 1.10m / Total Assets 1.97b)
RoE = 0.08% (Net Income TTM 1.10m / Total Stockholder Equity 1.39b)
RoCE = 1.35% (EBIT 22.1m / Capital Employed (Equity 1.39b + L.T.Debt 245.3m))
RoIC = 0.70% (NOPAT 12.2m / Invested Capital 1.72b)
WACC = 8.91% (E(1.03b)/V(1.31b) * Re(10.30%) + D(284.6m)/V(1.31b) * Rd(7.06%) * (1-Tc(0.45)))
Discount Rate = 10.30% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -94.39 | Cagr: -8.24%
[DCF] Fair Price = unknown (Cash Flow -72.2m)
EPS Correlation: N/A | EPS CAGR: N/A | SUE: -0.34 | # QB: 0
Revenue Correlation: -61.73 | Revenue CAGR: -7.40% | SUE: 1.87 | # QB: 1
EPS current Year (2026-12-31): EPS=2.20 | Chg30d=+900.00% | Revisions=-20% | GrowthEPS=+295.0% | GrowthRev=+27.2%
EPS next Year (2027-12-31): EPS=2.25 | Chg30d=+184.81% | Revisions=-20% | GrowthEPS=+2.3% | GrowthRev=-8.6%