Is OBSIDIAN ENERGY LTD. (OBE) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2025
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 34.7% / 30% | 0.0% / 30% | 9.7% / 30% | 3.06% / 5% | ✗ NOT HALAL |
| DJIM | 34.7% / 33% | 0.0% / 33% | 9.7% / 33% | 3.06% / 5% | ✗ NOT HALAL |
| MSCI | 10.8% / 33% | 0.0% / 33% | 3.0% / 33% | 3.06% / 5% | ✓ HALAL |
| S&P | 34.7% / 33% | 0.0% / 33% | 9.7% / 33% | 3.06% / 5% | ✗ NOT HALAL |
| FTSE | 10.8% / 33% | 0.0% / 33% | 3.0% / 50% | 3.06% / 5% | ✓ HALAL |
Financial Highlights
Profitability
| Gross Margin | 55.6% | |
| Operating Margin | -0.7% | |
| Net Margin | 6.5% | |
| Return on Equity (ROE) | 2.5% | |
| Return on Assets (ROA) | 2.6% |
Cash Flow & Balance Sheet
| Operating Cash Flow | $240M |
| Free Cash Flow | -$59M |
| Total Debt | $200M |
| Debt-to-Equity | 14.4 |
| Current Ratio | 0.5 |
| Total Assets | $1.9B |
Price & Trading
| Last Close | $9.01 |
| 50-Day MA | $7.83 |
| 200-Day MA | $6.45 |
| Avg Volume | 633K |
| Beta | 0.5 |
|
52-Week Range
$3.88
| |
About OBSIDIAN ENERGY LTD. (OBE)
Obsidian Energy Ltd. engages in the exploration, development, and production of oil and natural gas in Western Canada. Its portfolio of properties includes unitized and non-unitized light oil, heavy oil, and natural gas production. The company was formerly known as Penn West Petroleum Ltd. and changed its name to Obsidian Energy Ltd. in June 2017. Obsidian Energy Ltd. is headquartered in Calgary, Canada.
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Frequently Asked Questions
Is OBSIDIAN ENERGY LTD. (OBE) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), OBSIDIAN ENERGY LTD. is Not Halal. The company fails one or more screening criteria. We screen against all 5 major standards: AAOIFI, DJIM, MSCI, S&P, and FTSE.
What is OBSIDIAN ENERGY LTD.'s debt ratio?
OBSIDIAN ENERGY LTD.'s debt ratio is 34.7% under the AAOIFI standard (which uses market capitalization as the denominator). The AAOIFI threshold is 30%. Under MSCI and FTSE (which use total assets as the denominator), the debt ratio is 10.8%.
What are OBSIDIAN ENERGY LTD.'s key financial metrics?
OBSIDIAN ENERGY LTD. has a market capitalization of $624M, trailing P/E ratio of 26.4, and revenue of $614M. The company maintains a gross margin of 55.6% and a net margin of 6.5%. Return on equity stands at 2.5%.
How often is the screening data updated?
Our screening data is updated regularly using the latest available financial statements and market data. Stock prices and market caps are refreshed frequently, while financial statements are updated quarterly when companies report earnings.
Disclaimer: HalalStockGuide.com provides Shariah compliance screening for educational and informational purposes only. This is not a fatwa, financial advice, or a recommendation to buy or sell any security. Screening results are based on publicly available financial data and established methodologies. Always consult a qualified Islamic scholar and a licensed financial advisor before making investment decisions.