Shares of Obsidian Energy Ltd. (OTCMKTS:OBELF – Get Free Report) fell 0.4% during mid-day trading on Monday. The company traded as low as $10.04 and last traded at $10.40. 554,557 shares changed hands during trading, an increase of 26% from the average session volume of 441,679 shares. The stock had previously closed at $10.44.
Obsidian Energy Stock Performance
The stock has a 50 day moving average of $11.16 and a two-hundred day moving average of $10.68. The stock has a market capitalization of $857.40 million, a PE ratio of 2.55 and a beta of 2.47. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.54 and a quick ratio of 0.54.
About Obsidian Energy
Obsidian Energy Ltd. is a Canadian oil and natural gas exploration and production company headquartered in Calgary, Alberta. The company develops and produces crude oil, natural gas and natural gas liquids from properties in the Western Canadian Sedimentary Basin.
Obsidian Energy’s operations are focused primarily in Alberta, including the Cardium light-oil play in central Alberta and other Western Canadian assets. Its activities include acquiring and evaluating petroleum properties, drilling and completing wells, operating production facilities, and managing infrastructure used to process and transport hydrocarbons.
The company was formerly known as Penn West Petroleum Ltd.
See Also
- Five stocks we like better than Obsidian Energy
- Could Velo3D Be the Next Defense Buyout Target?
- Penguin Solutions Is Soaring as AI Memory Demand Explodes
- Alphabet’s Chart Is Coiling—and the Fundamentals May Be Ready to Back It Up
- Morgan Stanley Is Bullish on Apple—But With a Catch
Receive News & Ratings for Obsidian Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Obsidian Energy and related companies with MarketBeat.com's FREE daily email newsletter.
