Obsidian Energy (OBE) Q2 2026 earnings — TrendMatrix coverage
Reported
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. How we score · Full disclosure
Key numbers
- Reported EPS
- $0.62
- Estimate
- $0.32
- Surprise
- +94.2%
- Revenue (period 2026-06-30)
- $201.5M
- Score today
- 6.1/10
Revenue source: yfinance_provisional (provisional — SEC XBRL not yet filed for this period).
How the report landed
Obsidian Energy (OBE) beat the $0.32 estimate with diluted EPS of $0.62 — a large 94.2% upside surprise.
Where TrendMatrix's rating stands now
TrendMatrix currently rates OBE Sell at 6.1/10; no pre/post engine snapshot brackets this report.
1 of the last 4 quarters beat the estimate; this quarter's +94.2% surprise compares with a -131.6% four-quarter average. Next scheduled report: 2026-11-05.
What supports the rating
- Attractive valuation
- Strong growth profile
What argues against it
- Commodity cycle peak: fwd P/E 9.5× (below 12) + fwd/trail 0.24× (below 0.55). EPS just expanded off a commodity-price surge — forward estimate may be built on stale spot, mean-reversion risk unpriced.
- Analyst target reached - limited upside remaining
- Consecutive earnings misses (3)
This section and the ones below it reflect TrendMatrix’s latest engine read — they update after the report date and are not frozen to it.
The levels TrendMatrix's engine tracks
- Current price
- $11.95
- Price target
- $13.74
- Stop
- $11.11
- Upside to target
- +15.0%
The stock trades at 39.8× trailing but 9.5× forward earnings — consensus estimates already build in a substantial earnings recovery.
Model outputs from TrendMatrix’s engine as of 2026-08-23 — shown for context, not personalized investment advice.
OBE at TrendMatrix's latest read
Energy results are commodity-price arithmetic first; the operational beat or miss is read net of what the strip already told the market.
- Industry
- Oil & Gas E&P
- Market cap
- $797.4M
- P/E (fwd)
- 9.5
- P/E (ttm)
- 39.8
- 52-week range
- $5.44–$14.59
- Off 52-week high
- 18.1%
- RSI (14)
- 69
- Volume vs avg
- 0.65×
- Score today
- 6.1/10