Which companies are Obsidian Energy's closest peers?

The cockpit's peer set: EnQuest (ENQ.L), Vitesse Energy (VTS), GeoPark (GPRK), Granite Ridge Resources (GRNT), Tong Petrotech (300164.SZ), Surge Energy (SGY.TO), BW Offshore (BWO.OL), VAALCO Energy (EGY).

Is Obsidian Energy expensive compared with its peers?

On forward p/e it trades at 4.1× against a peer median of 9.2×, 2nd cheapest of 19 in its peer set.

How has Obsidian Energy stock performed?

Over six months to 6 Nov 2026 the shares returned -21.2% against -8.7% for the median peer; over one year +72.5%.

← CockpitCompetitor Analysis › OBE.TO Obsidian Energy LtdOpen in the cockpit ↗

Obsidian Energy LtdOBE.TOCompetitor analysis, valuation and peers

Canada · CAD·Energy›Oil & Gas Production

Momentum weak 32

Competitor Analysis ▸ Charts Open in the cockpit

Mkt cap

$653M

US dollars, full cap

Free float

88%

of shares outstanding

$/day

$3.85M

20-day average traded

Fwd P/E

4.1×

forward earnings

ROIC−WACC

-0.7 pp

WACC 5.6%

Hurdle

n/a

no reverse DCF

Next earnings

111 days

25 Feb 2027

Close · CADC$13.71

1D+6.8%

1W-17.0%

1M-9.6%

3M-1.1%

6M-21.2%

YTD+62.8%

1Y+72.5%

ATR %6.4%

52w lowhigh30.9% off high

What Obsidian Energy does

Employees: 148

Obsidian Energy at a glance

Size Obsidian Energy (OBE.TO) is a Canada Energy company (Oil & Gas Production) with a market value of $653M, the 307th largest of 420 Canada companies the cockpit tracks. Shares closed at C$13.71 on 6 Nov 2026.

Performance Over six months the shares fell 21.2%, against -8.7% for the median peer and +5.2% for the Canada market (cap-weighted) — 5th lowest of 21 in its peer set.

Growth Revenue fell 21.7% over the last twelve months (peer median +5.7%); the operating margin is 22.0% (peer median 16.6%).

Valuation It trades at 4.1× forward earnings against a peer median of 9.2× (2nd cheapest of 19).

Capital Return on invested capital runs 0.7 points below its cost of capital (5.6% WACC).

Next results Next results expected around 25 Feb 2027 (exchange calendar; dates can move).

Relative performance

Six months, rebased to 100: Obsidian Energy against the median of its 20 peers (local-currency closes).

Obsidian Energy financials

Reported figures in CAD; fiscal year ends 2025-12-31. TTM = trailing twelve months.
	TTM	FY2025	FY2024	FY2023	FY2022
Revenue	C$544M	C$541M	C$731M	C$653M	C$772M
Revenue growth	—	-26%	+12%	-15%	—
Gross profit	C$158M	C$108M	C$194M	C$184M	C$363M
EBITDA	C$284M	C$268M	C$429M	C$374M	C$514M
Net income	C$27.8M	C$35.2M	-C$203M	C$108M	C$810M
Free cash flow	-C$186M	-C$63.5M	-C$66.4M	C$58.8M	C$131M
Capital expenditure	C$348M	C$299M	C$426M	C$293M	C$319M
Total debt	C$375M	C$200M	C$342M	C$228M	C$231M

Quarterly statements and history in the cockpit →

Obsidian Energy competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

Up and to the right = strong over both horizons. Obsidian Energy is the large dot.

Fundamentals: revenue growth against valuation

Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Obsidian Energy is the large dot.

Obsidian Energy competitors and peer comparison

How Obsidian Energy compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Obsidian Energy against its 20 peers (data as of 6 Nov 2026)
Measure	OBE.TO	Peer median	Rank in peer set
1-month return	-9.6%	-10.5%	9th highest of 21
6-month return	-21.2%	-8.7%	5th lowest of 21
Distance from 52-week high	-30.9%	-28.5%	8th lowest of 21
Revenue growth (TTM)	-21.7%	+5.7%	2nd lowest of 20
Operating margin	22.0%	16.6%	8th highest of 20
Forward P/E	4.1×	9.2×	2nd cheapest of 19
ROIC minus cost of capital	-0.7 pp	+0.8 pp	10th highest of 19
EV / EBITDA	4.5×	3.6×	7th most expensive of 18
Net debt / EBITDA	1.3×	1.1×	8th most indebted of 19

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
Company	Market	Market cap	6M return	Revenue growth	Op. margin	Forward P/E	Req g	Delivered g
Obsidian Energy OBE.TO	Canada	$653M	-21%	-22%	22%	4.1×	n/a	n/a
EnQuest ENQ.L	United Kingdom	$671M	+40%	+3%	17%	8.9×	-9.1%	+3.8%
Vitesse Energy VTS	United States	$623M	-17%	+11%	12%	42.9×	13.4%	+21.5%
GeoPark GPRK	United States	$613M	+1%	-5%	24%	9.8×	n/a	n/a
Granite Ridge Resources GRNT	United States	$698M	+6%	+15%	21%	5.3×	n/a	n/a
Tong Petrotech 300164.SZ	China	$705M	-41%	-12%	-5%	n/a	n/a	n/a
Surge Energy SGY.TO	Canada	$730M	+7%	+3%	27%	6.1×	-6.3%	+20.2%
BW Offshore BWO.OL	Norway	$747M	-25%	-17%	23%	8.5×	5.5%	-8.7%
VAALCO Energy EGY	United States	$566M	-4%	-25%	9%	18.9×	n/a	n/a
Karoon Energy KAR.AX	Australia	$763M	-23%	-20%	28%	4.6×	-10.4%	+22.5%
Gulf Keystone Petroleum GKP.L	United Kingdom	$557M	+1%	+6%	8%	9.5×	n/a	n/a
W&T Offshore WTI	United States	$479M	-17%	+20%	5%	498.4×	3.9%	+7.7%
Diversified Energy DEC	United States	$899M	-19%	+109%	15%	2.1×	-0.5%	+32.3%
HighPeak Energy HPK	United States	$903M	+23%	-13%	16%	24.6×	n/a	n/a
SandRidge Energy SD	United States	$463M	-13%	+30%	42%	5.9×	-12.8%	+7.0%
Meren Energy MER.TO	Canada	$921M	-19%	+388%	22%	5.8×	-16.4%	n/a
Rockhopper Exploration RKH.L	United Kingdom	$937M	-18%	n/a	n/a	n/a	n/a	n/a
Cavvy Energy CVVY.TO	Canada	$413M	+29%	+43%	4%	8.1×	11.0%	-3.3%
Core Laboratories CLB	United States	$405M	-33%	0%	7%	13.8×	11.0%	+1.6%
Capricorn Energy CNE.L	United Kingdom	$397M	+29%	+34%	42%	21.4×	-19.1%	+218.6%
Valeura Energy VLE.TO	Canada	$1.07B	+11%	+6%	17%	9.9×	-17.3%	+141.2%

Questions

Which companies are Obsidian Energy's closest peers?: The cockpit's peer set: EnQuest (ENQ.L), Vitesse Energy (VTS), GeoPark (GPRK), Granite Ridge Resources (GRNT), Tong Petrotech (300164.SZ), Surge Energy (SGY.TO), BW Offshore (BWO.OL), VAALCO Energy (EGY).
Is Obsidian Energy expensive compared with its peers?: On forward p/e it trades at 4.1× against a peer median of 9.2×, 2nd cheapest of 19 in its peer set.
How has Obsidian Energy stock performed?: Over six months to 6 Nov 2026 the shares returned -21.2% against -8.7% for the median peer; over one year +72.5%.