Free Trial

Obsidian Energy (TSE:OBE) Stock Price Down 0.4% - Should You Sell?

Obsidian Energy logo with Energy background

Obsidian Energy Ltd. (TSE:OBE - Get Free Report)'s stock price was down 0.4% during mid-day trading on Monday . The company traded as low as C$8.36 and last traded at C$8.45. Approximately 194,705 shares traded hands during trading, an increase of 3% from the average daily volume of 189,679 shares. The stock had previously closed at C$8.48.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. BMO Capital Markets dropped their price objective on Obsidian Energy from C$17.00 to C$12.00 in a report on Friday, December 13th. Royal Bank of Canada dropped their price target on Obsidian Energy from C$15.00 to C$13.00 in a research note on Tuesday, September 17th. Finally, Raymond James raised shares of Obsidian Energy to a "strong-buy" rating in a research report on Thursday, October 17th.

Get Our Latest Research Report on OBE

Obsidian Energy Price Performance

The stock has a market cap of C$642.28 million, a PE ratio of 6.45, a P/E/G ratio of 0.08 and a beta of 2.30. The company has a current ratio of 0.49, a quick ratio of 0.41 and a debt-to-equity ratio of 22.94. The business has a fifty day simple moving average of C$7.90 and a two-hundred day simple moving average of C$8.67.

Insider Buying and Selling at Obsidian Energy

In other Obsidian Energy news, Senior Officer Mark Kristian Rodger Hawkins sold 25,075 shares of the firm's stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of C$8.55, for a total transaction of C$214,391.25. Insiders own 1.20% of the company's stock.

Obsidian Energy Company Profile

(Get Free Report)

Obsidian Energy Ltd. engages in the exploration, production, and development of oil and natural gas properties in the Western Canada. The company was formerly known as Penn West Petroleum Ltd. and changed its name to Obsidian Energy Ltd. in June 2017. Obsidian Energy Ltd. is headquartered in Calgary, Canada.

Further Reading

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

Should You Invest $1,000 in Obsidian Energy Right Now?

Before you consider Obsidian Energy, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Obsidian Energy wasn't on the list.

While Obsidian Energy currently has a "Strong Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

The 10 Best AI Stocks to Own in 2025 Cover

Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

7 Large-Cap Stocks Headed for Strong, Steady Gains in 2025

7 Large-Cap Stocks Headed for Strong, Steady Gains in 2025

While 2025 may not deliver massive returns, so MarketBeat analyst Chris Markoch shares his list of seven stocks primed for consistent performance.

Related Videos

The Real Reason Tesla Stock Is Soaring – and Why Tech Expert Says It Won’t Stop
Small Caps, Financials & Bitcoin Lead the Rising Bull Market: Chris Rowe’s Top Picks
Massive Market Moves Following Trump Win: Tesla, JP Morgan, & Bitcoin Soar

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines