Obsidian Energy (OTCMKTS:OBELF) Stock Price Up 10.8% - Still a Buy?

Key Points

• Shares jumped 10.8% intraday to $11.70 (high $11.74) on heavy trading—2,944,088 shares changed hands, a 567% increase versus the average volume of 441,679, after a prior close of $10.56.
• Valuation and operations: the company has a market capitalization of $944.59 million, a P/E of 2.81 and debt/equity of 0.55, and is a Calgary-based oil & gas producer focused on low‑cost light oil and natural gas production in the Montney and Cardium formations.

Shares of Obsidian Energy Ltd. (OTCMKTS:OBELF - Get Free Report) traded up 10.8% on Thursday . The company traded as high as $11.74 and last traded at $11.70. 2,944,088 shares changed hands during trading, an increase of 567% from the average session volume of 441,679 shares. The stock had previously closed at $10.56.

Obsidian Energy Price Performance

The firm has a 50-day moving average of $8.78 and a 200-day moving average of $7.15. The firm has a market capitalization of $944.59 million, a P/E ratio of 2.81 and a beta of 2.47. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.54 and a current ratio of 0.54.

About Obsidian Energy

Obsidian Energy Ltd. is a Calgary-based independent oil and gas company specializing in the exploration, development and production of light oil and natural gas. The company focuses on generating stable cash flow through low-cost operations and disciplined capital investment. Its upstream activities are centered on exploiting long-life assets with upside potential in established plays.

The company's core operations are located within the Western Canadian Sedimentary Basin, primarily in Alberta's Montney and Cardium formations.

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