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Obsidian Energy (OTCMKTS:OBELF) Stock Price Down 2.2% - Should You Sell?

Obsidian Energy logo with Energy background

Key Points

  • Obsidian Energy Ltd. shares fell by 2.2% to $5.83, with trading volume significantly down by 68% compared to its average.
  • The company has a market capitalization of $470.68 million and a low price-to-earnings ratio of 1.40, indicating potential undervaluation.
  • Obsidian Energy is focused on exploration and production in the Western Canada Sedimentary Basin, holding interests in oil and natural gas properties.
  • Looking to export and analyze Obsidian Energy data? Unlock 5 Weeks of MarketBeat All Access for Just $5. Claim Your Limited-Time Discount.

Shares of Obsidian Energy Ltd. (OTCMKTS:OBELF - Get Free Report) dropped 2.2% during mid-day trading on Tuesday . The company traded as low as $5.83 and last traded at $5.83. Approximately 142,266 shares changed hands during trading, a decline of 68% from the average daily volume of 441,679 shares. The stock had previously closed at $5.96.

Obsidian Energy Price Performance

The stock's 50-day moving average price is $5.55 and its 200-day moving average price is $5.26. The company has a market capitalization of $476.33 million, a price-to-earnings ratio of 1.41 and a beta of 2.47. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 0.55.

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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