Obsidian Energy Ltd (AMEX:OBE) price on current trading day, fall -6.03% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $5.30.
A look at the stock’s price movement, the close in the last trading session was $5.64, moving within a range at $5.27 and $5.63. The beta value (5-Year monthly) was 2.255 while the PE ratio in trailing twelve months stood at 4.97. Turning to its 52-week performance, $9.06 and $5.24 were the 52-week high and 52-week low respectively. Overall, OBE moved -15.74% over the past month.
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Obsidian Energy Ltd’s market cap currently stands at around $402.85 million, with investors looking forward to this quarter’s earnings report slated for in January.
Wall Street analysts have also projected the company’s year-on-year revenue to grow to 797.5M, representing a 10.67% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that OBE is a 100% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
OBE’s current price about -6.14% and -8.88% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 39.13, while 7-day volatility ratio is 3.69% and 3.64% in the 30-day chart. Further, Obsidian Energy Ltd (OBE) has a beta value of 1.47, and an average true range (ATR) of 0.22.
If we refocus on Obsidian Energy Ltd (AMEX:OBE), historical trading data shows that trading volumes averaged 0.31 over the past 10 days and 368.17K over the past 3 months. The company’s latest data on shares outstanding shows there are 75.25 million shares.
The 3.54% of Obsidian Energy Ltd’s shares are in the hands of company insiders while institutional holders own 25.81% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 3.39 million on 2024-11-15, giving us a short ratio of 9.18. Current price change has pushed the stock -21.83% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the OBE stock continues to rise going into the next quarter.
