Obsidian Energy Ltd. $OBE reported stronger second-quarter 2026 results, with revenues rising to $127.6 million, up 28.3% from a year earlier. Gross profit climbed to $88.4 million, while operating profit more than doubled to $44.6 million, reflecting improved profitability across the business.
Net income attributable to common shareholders increased sharply to $29.6 million, and diluted earnings per share rose to $0.43, up 186.7% year over year. The company’s cost of sales edged up slightly to $39.2 million, well below the pace of revenue growth, helping support margin expansion.
Cash generation was more mixed in the quarter. Cash from operating activities totaled $26.9 million, down from the prior year, while capital spending on property, plant and equipment came in at $27.5 million. Cash and cash equivalents were just $140,767 at quarter-end, and total liabilities stood at $450.7 million.
Note: This financials data is sourced from a third-party provider and has not been independently verified by Quiver.
Obsidian Energy Ltd. Hedge Fund Activity
We have seen 54 institutional investors add shares of Obsidian Energy Ltd. stock to their portfolio, and 30 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- ARROWSTREET CAPITAL, LIMITED PARTNERSHIP added 1,736,064 shares (+137.8%) to their portfolio in Q1 2026, for an estimated $16,440,526
- TWO SIGMA INVESTMENTS, LP added 1,148,826 shares (+250.6%) to their portfolio in Q1 2026, for an estimated $10,879,382
- ROYAL BANK OF CANADA added 1,061,819 shares (+31.4%) to their portfolio in Q1 2026, for an estimated $10,055,425
- ACADIAN ASSET MANAGEMENT LLC added 845,305 shares (+inf%) to their portfolio in Q1 2026, for an estimated $8,005,038
- PEMBROKE MANAGEMENT, LTD added 350,847 shares (+54.9%) to their portfolio in Q2 2026, for an estimated $2,852,386
- CITADEL ADVISORS LLC added 303,479 shares (+112.3%) to their portfolio in Q1 2026, for an estimated $2,873,946
- BANK OF AMERICA CORP /DE/ added 299,431 shares (+87.3%) to their portfolio in Q1 2026, for an estimated $2,835,611
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
Obsidian Energy Ltd. Price Targets
Multiple analysts have issued price targets for $OBE recently. We have seen 2 analysts offer price targets for $OBE in the last 6 months, with a median target of $14.0.
Here are some recent targets:
- Greg Pardy from RBC Capital set a target price of $18.0 on 05/11/2026
