Obsidian Energy Ltd (AMEX:OBE) price on Friday, March 21, fall -2.40% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $5.69.
A look at the stock’s price movement, the close in the last trading session was $5.83, moving within a range at $5.66 and $5.81. The beta value (5-Year monthly) was 2.193. Turning to its 52-week performance, $9.06 and $4.74 were the 52-week high and 52-week low respectively. Overall, OBE moved -7.33% over the past month.
Obsidian Energy Ltd’s market cap currently stands at around $419.24 million, with investors looking forward to this quarter’s earnings report slated for on 2025-Feb-24.
Wall Street analysts have also projected the company’s year-on-year revenue to grow to 913M, representing a 11.68% 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 50% Sell. On the other hand, the stock is on average a 50% Sell as suggested by medium term indicators while long term indicators are putting the stock in 50% Sell category.
OBE’s current price about 7.15% and 4.75% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 57.62, while 7-day volatility ratio is 3.63% and 5.13% in the 30-day chart. Further, Obsidian Energy Ltd (OBE) has a beta value of 0.74, and an average true range (ATR) of 0.25.
If we refocus on Obsidian Energy Ltd (AMEX:OBE), historical trading data shows that trading volumes averaged 0.44 over the past 10 days and 448.68K over the past 3 months. The company’s latest data on shares outstanding shows there are 73.68 million shares.
The 4.14% of Obsidian Energy Ltd’s shares are in the hands of company insiders while institutional holders own 27.52% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 3.13 million on 2025-02-28, giving us a short ratio of 10.61. Current price change has pushed the stock -1.73% 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.
