Obsidian Energy (TSE:OBE) Reaches New 1-Year High - Time to Buy?

Key Points

• Obsidian Energy Ltd. reached a new 52-week high with shares trading at C$9.72, reflecting a market cap of C$628.73 million.
• The company's financial metrics include a debt-to-equity ratio of 20.55 and a PE ratio of -3.25, indicating significant volatility.
• Insider activity was noted as Director Edward Hume Kernaghan sold 10,214 shares at an average price of C$8.24 on September 9th.

Obsidian Energy Ltd. (TSE:OBE - )'s share price reached a new 52-week high on Monday . The stock traded as high as C$9.72 and last traded at C$9.64, with a volume of 97359 shares changing hands. The stock had previously closed at C$9.42.

Obsidian Energy Stock Performance

The company's 50-day moving average price is C$8.44 and its two-hundred day moving average price is C$7.60. The company has a debt-to-equity ratio of 20.55, a quick ratio of 0.41 and a current ratio of 0.45. The stock has a market cap of C$628.73 million, a PE ratio of -3.25, a PEG ratio of 0.08 and a beta of 0.13.

Insider Activity

In other Obsidian Energy news, Director Edward Hume Kernaghan sold 10,214 shares of the business's stock in a transaction dated Tuesday, September 9th. The shares were sold at an average price of C$8.24, for a total value of C$84,163.36. Insiders own 1.20% of the company's stock.

Obsidian Energy Company Profile

Obsidian Energy Ltd, is an intermediate-sized oil and gas producer with strategic assets in Alberta. It operates in a single reporting segment that is exploration, development and holding an interest in oil and natural gas properties and related production infrastructure in the Western Canada Sedimentary Basin.

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