Obsidian Energy Reports Record Production and Successful Drilling in First Half of 2025

An update from Obsidian Energy ( (TSE:OBE) ) is now available.

Obsidian Energy announced a successful first half of 2025, achieving a new production record of 14,000 boe/d for its Peace River asset. The company completed drilling all wells in its Peace River Clearwater waterflood pilot, which is expected to enhance oil recovery and reduce decline rates. The development program focused on the Peace River Bluesky and Clearwater assets, with significant production growth in the Dawson and HVS fields. Obsidian Energy continues to monitor the macro-economic environment to adjust its capital allocation for the second half of 2025.

The most recent analyst rating on (TSE:OBE) stock is a Buy with a C$15.00 price target. To see the full list of analyst forecasts on Obsidian Energy stock, see the TSE:OBE Stock Forecast page.

Spark’s Take on TSE:OBE Stock

According to Spark, TipRanks’ AI Analyst, TSE:OBE is a Neutral.

Obsidian Energy’s overall stock score is weighed down by its financial challenges, particularly in terms of profitability and cash flow management, despite positive revenue growth and a strong balance sheet. Technical analysis further supports a cautious outlook with bearish indicators, while valuation metrics are unattractive due to negative earnings. The absence of earnings call insights and corporate events leaves these aspects out of consideration, focusing attention on the existing financial and market data.

To see Spark’s full report on TSE:OBE stock, click here.

More about Obsidian Energy

Obsidian Energy is a company operating in the energy sector, focusing on the exploration and production of oil and gas. The company is primarily involved in developing its assets in the Peace River region, with a market focus on enhancing oil recovery and increasing production rates.

Average Trading Volume: 421,462

Technical Sentiment Signal: Sell

Current Market Cap: C$498.5M

Learn more about OBE stock on TipRanks’ Stock Analysis page.