Obsidian Energy (NYSEAMERICAN:OBE) Shares Break Above 50 Day Moving Average – What’s Next?

Posted by Brian Himes on Oct 30th, 2026

Shares of Obsidian Energy Ltd (NYSEAMERICAN:OBE – Get Free Report) (TSE:PWT) passed above its fifty day moving average during trading on Wednesday. The stock has a fifty day moving average of $11.56 and traded as high as $11.99. Obsidian Energy shares last traded at $11.79, with a volume of 728,158 shares trading hands.

Analysts Set New Price Targets

Separately, Raymond James Financial reiterated an “outperform” rating on shares of Obsidian Energy in a research note on Wednesday, September 16th. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, Obsidian Energy currently has an average rating of “Moderate Buy” and a consensus target price of $18.00.

Check Out Our Latest Research Report on OBE

Obsidian Energy Stock Performance

The stock has a market cap of $780.57 million, a PE ratio of 41.71 and a beta of 0.35. The stock has a fifty day moving average of $11.55 and a 200-day moving average of $10.10. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.25.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Engineers Gate Manager LP increased its stake in Obsidian Energy by 5.6% in the 2nd quarter. Engineers Gate Manager LP now owns 31,014 shares of the oil and gas company’s stock valued at $252,000 after buying an additional 1,636 shares during the period. Spark Investment Management LLC raised its position in Obsidian Energy by 23.1% during the 2nd quarter. Spark Investment Management LLC now owns 133,000 shares of the oil and gas company’s stock worth $1,088,000 after buying an additional 25,000 shares during the last quarter. Hsbc Holdings PLC acquired a new stake in shares of Obsidian Energy in the 2nd quarter worth $129,000. Beacon Pointe Advisors LLC acquired a new stake in shares of Obsidian Energy in the 2nd quarter worth $329,000. Finally, Public Employees Retirement System of Ohio acquired a new stake in shares of Obsidian Energy in the 2nd quarter worth $1,145,000. Institutional investors and hedge funds own 13.51% of the company’s stock.

About Obsidian Energy

(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.