Obsidian Energy (NYSEAMERICAN:OBE) Shares Gap Down – Here’s Why

Posted by Geri Gentry on Nov 2nd, 2026

Obsidian Energy Ltd (NYSEAMERICAN:OBE – Get Free Report) (TSE:PWT)’s stock price gapped down prior to trading on Monday. The stock had previously closed at $11.80, but opened at $11.21. Obsidian Energy shares last traded at $11.1850, with a volume of 146,559 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Raymond James Financial reissued an “outperform” rating on shares of Obsidian Energy in a research report on Wednesday, September 16th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $18.00.

Read Our Latest Stock Report on OBE

Obsidian Energy Price Performance

The stock has a market cap of $711.26 million, a price-to-earnings ratio of 38.46 and a beta of 0.31. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 0.25. The stock has a 50-day moving average price of $11.55 and a two-hundred day moving average price of $10.10.

Hedge Funds Weigh In On Obsidian Energy

Several hedge funds have recently made changes to their positions in OBE. Royal Bank of Canada increased its holdings in shares of Obsidian Energy by 31.4% in the first quarter. Royal Bank of Canada now owns 4,444,416 shares of the oil and gas company’s stock valued at $42,089,000 after purchasing an additional 1,061,819 shares during the period. Arrowstreet Capital Limited Partnership lifted its stake in shares of Obsidian Energy by 137.8% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 2,996,167 shares of the oil and gas company’s stock valued at $28,463,000 after purchasing an additional 1,736,064 shares during the period. Dimensional Fund Advisors LP grew its position in Obsidian Energy by 5.2% during the first quarter. Dimensional Fund Advisors LP now owns 1,369,948 shares of the oil and gas company’s stock valued at $12,973,000 after buying an additional 67,919 shares during the period. Bank of America Corp DE purchased a new position in Obsidian Energy in the second quarter valued at $7,777,000. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new position in Obsidian Energy in the second quarter valued at $4,341,000. 13.51% of the stock is owned by institutional investors and hedge funds.

Obsidian Energy Company Profile

(Get Free Report)

Obsidian Energy Ltd. is a Canadian oil and natural gas exploration and production company headquartered in Calgary, Alberta. The company develops and produces crude oil, natural gas and natural gas liquids from conventional and light-oil assets in the Western Canadian Sedimentary Basin.

Obsidian Energy’s operations are concentrated in Alberta and are organized around core operating areas that include the Cardium, Peace River and Clearwater regions. Its activities include acquiring and developing petroleum properties, drilling and completing wells, and managing production and field infrastructure.

The company was formerly known as Penn West Petroleum Ltd.