Obsidian Energy Ltd. (AMEX:OBE) finished Thursday with a subtraction of -$0.7 to close at $7.11, a downside of -8.96 percent. An average of 519,811 shares of common stock have been traded in the last five days. There was a fall of -$1.18 in the past week, and it reached a new high 37 times over the past 12 months. The last 20 days have seen an average of 710,668 shares traded, while the 50-day average volume stands at 766,719.
OBE stock has decreased by -19.73% in the last month. The company shares reached their 1-month lowest point of $6.96 on 09/23/22. With the stock rallying to its 52-week high on 06/08/22, shares of the company touched a low of $3.04 and a high of $12.52 in 52 weeks. It has reached a new high 27 times so far this year and achieved 89.54% or $2.91 in price. In spite of this, the price is down -43.21% from the 52-week high.
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Obsidian Energy Ltd. (OBE) has a trailing price-to-earnings (P/E) ratio of 3.12. The stock’s beta is 3.01. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.24, the price-to-book (PB) ratio at 0.71, and the price-to-cash flow ratio at 2.17.
The quick ratio of Obsidian Energy Ltd. for the three months ended June 29 was 0.30, and the current ratio was 0.30, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.00 and a total debt to equity ratio of 0.38 for the quarter ending June 29. Its gross profit as reported stood at $229.88 million compared to revenue of $358.18 million.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Obsidian Energy Ltd.’s return on assets was 14.20%.
For the three-month period that ended June 29, Obsidian Energy Ltd. had $9.96 million in cash. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of -$603.61 million in the quarter, while revenues were grew 61.29%. The analyst consensus anticipated Obsidian Energy Ltd.’s latest quarter earnings to come in at $0.67 per share, but it turned out to be $1, a 49.30% surprise. For the quarter, EBITDA amounted to $132.25 million.
From a technical analysis perspective, let’s take a brief look at Obsidian Energy Ltd. (OBE) price momentum. RSI 9-day as of the close on 22 September was 24.45%, suggesting the stock is oversold, with historical volatility in this time frame at 64.63%.
As of today, OBE’s price is $7.94 -14.37% or -$1.18 from its 5-day moving average. OBE is currently trading -28.63% lower than its 20-day SMA and -12.34% lower than its 100-day SMA. However, the stock’s current price level is +5.08% above the SMA50 and +88.47% above the SMA200.
The stochastic %K and %D were 12.07% and 21.21%, respectively, and the average true range (ATR) was 0.54. With the 14-day stochastic at 3.52% and the average true range at 0.55, the RSI (14) stands at 32.53%. The stock has reached -0.45 on the 9-day MACD Oscillator while the 14-day reading was at -0.50.
BMO Capital Markets upgraded Obsidian Energy Ltd. (AMEX: OBE) to a a Market perform rating in its most recent analyst report. Previously, the stock was rated as an Underperform. The consensus rating for Obsidian Energy Ltd. (OBE) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell OBE, while 2 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 1 others rate it as a “buy”.
What is OBE’s price target for the next 12 months?
Analysts predict a range of price targets between $10.54 and $14.39, with a median target of $11.83. Taking a look at these predictions, the average price target given by analysts for Obsidian Energy Ltd. (OBE) stock is $12.15.