Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Obsidian Energy ( (TSE:OBE) ) has provided an announcement.
Obsidian Energy has entered into a definitive agreement to sell its common share position in InPlay Oil Corp. to Delek Group Ltd. for approximately $91.4 million. This transaction, expected to close in the first half of August 2025, will see Obsidian Energy divest its 32.70% stake in InPlay, allowing the company to monetize equity received from a previous asset disposition, thereby potentially impacting its financial position and strategic focus.
The most recent analyst rating on (TSE:OBE) stock is a Buy with a C$13.00 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 an intermediate-sized oil and gas producer with a well-balanced portfolio of high-quality assets, primarily located in the Peace River, Willesden Green, and Viking areas.
YTD Price Performance: -4.88%
Average Trading Volume: 369,996
Technical Sentiment Signal: Buy
Current Market Cap: C$566.8M
Learn more about OBE stock on TipRanks’ Stock Analysis page.