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Obsidian Energy (TSE:OBE) Reaches New 52-Week High - Here's Why

Obsidian Energy logo with Energy background

Key Points

  • Obsidian Energy Ltd. (TSE:OBE) reached a new 52-week high of C$9.11 during trading, showing significant price movement with a volume of 43,214 shares.
  • The company currently has a market capitalization of C$611.95 million and a debt-to-equity ratio of 20.55, indicating its financial leverage.
  • Insider Director Edward Hume Kernaghan sold 10,214 shares at an average price of C$8.24, suggesting insider confidence in the stock's current valuation.
  • Interested in Obsidian Energy? Here are five stocks we like better.

Obsidian Energy Ltd. (TSE:OBE - Get Free Report)'s share price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as C$9.11 and last traded at C$9.11, with a volume of 43214 shares changing hands. The stock had previously closed at C$8.81.

Obsidian Energy Trading Up 3.5%

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's 50-day simple moving average is C$8.16 and its 200-day simple moving average is C$7.51. The firm has a market capitalization of C$611.95 million, a PE ratio of -3.17, a P/E/G ratio of 0.08 and a beta of 0.28.

Insider Transactions at Obsidian Energy

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

Obsidian Energy Company Profile

(Get Free Report)

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.

Further Reading

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