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Obsidian Energy (OTCMKTS:OBELF) Shares Down 1.9% - What's Next?

Obsidian Energy logo with Energy background

Key Points

  • Obsidian Energy Ltd. shares fell by 1.9% during mid-day trading, with a last trading price of $5.55.
  • The company's market capitalization stands at $448.07 million, accompanied by a P/E ratio of 1.33 and a beta of 2.47, indicating higher volatility compared to the market.
  • Obsidian Energy is involved in exploring, developing, and holding interests in oil and natural gas properties in the Western Canada Sedimentary Basin.
  • MarketBeat previews the top five stocks to own by October 1st.

Obsidian Energy Ltd. (OTCMKTS:OBELF - Get Free Report)'s share price fell 1.9% during trading on Wednesday . The company traded as low as $5.55 and last traded at $5.55. 200,480 shares changed hands during trading, a decline of 55% from the average session volume of 441,679 shares. The stock had previously closed at $5.66.

Obsidian Energy Trading Up 1.0%

The company has a debt-to-equity ratio of 0.55, a current ratio of 0.54 and a quick ratio of 0.54. The firm has a market capitalization of $490.86 million, a price-to-earnings ratio of 1.46 and a beta of 2.47. The business has a 50 day moving average of $5.74 and a 200 day moving average of $5.30.

About Obsidian Energy

(Get Free Report)

Obsidian Energy Ltd. is an exploration and production company. The firm engages in exploring, developing, and holds interests in oil and natural gas properties and related production infrastructure in the Western Canada Sedimentary Basin directly and through investments in securities of subsidiaries holding such interests.

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