Obsidian Energy Ltd (AMEX:OBE) price on Friday, June 13, rose 3.66% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $5.95.
A look at the stock’s price movement, the close in the last trading session was $5.74. Turning to its 52-week performance, $7.87 and $3.88 were the 52-week high and 52-week low respectively. Overall, OBE moved 19.72% over the past month.
Obsidian Energy Ltd’s market cap currently stands at around $411.80 million, with investors looking forward to this quarter’s earnings report slated for in July.
Wall Street analysts have also projected the company’s year-on-year revenue to grow to 714M, representing a -12.66% decline on that reported in the last financial year.
OBE’s current price about 16.43% and 24.76% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 73.71, while 7-day volatility ratio is 2.35% and 2.17% in the 30-day chart. Further, Obsidian Energy Ltd (OBE) has a beta value of 0.56, and an average true range (ATR) of 0.24.
If we refocus on Obsidian Energy Ltd (AMEX:OBE), historical trading data shows that trading volumes averaged 498.24K over the past 3 months. The company’s latest data on shares outstanding shows there are 72.87 million shares.
The 7.69% of Obsidian Energy Ltd’s shares are in the hands of company insiders while institutional holders own 28.19% of the company’s shares. Current price change has pushed the stock 2.76% 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.
