Shares of Obsidian Energy Ltd. (OTCMKTS:OBELF – Get Free Report) were up 0.7% on Friday . The company traded as high as $8.23 and last traded at $8.08. Approximately 803,648 shares were traded during trading, an increase of 82% from the average session volume of 441,679 shares. The stock had previously closed at $8.02.
Obsidian Energy Trading Up 0.7%
The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.54 and a current ratio of 0.54. The stock has a market cap of $652.33 million, a P/E ratio of 1.94 and a beta of 2.47. The company has a 50-day simple moving average of $11.59 and a 200-day simple moving average of $8.89.
About Obsidian Energy
Obsidian Energy Ltd. is a Calgary-based independent oil and gas company specializing in the exploration, development and production of light oil and natural gas. The company focuses on generating stable cash flow through low-cost operations and disciplined capital investment. Its upstream activities are centered on exploiting long-life assets with upside potential in established plays.
The company’s core operations are located within the Western Canadian Sedimentary Basin, primarily in Alberta’s Montney and Cardium formations.
Featured Articles
- Five stocks we like better than Obsidian Energy
- Rocket Lab’s NASA Win Tests Key Support After Sharp Pullback
- AST SpaceMobile Just Nailed a Major Launch—So Why Is the Stock Crashing?
- Palantir’s Valuation Problem Just Met 2 New Growth Catalysts
- Xcel Energy Stock Offers Stability as Electricity Demand Builds
Receive News & Ratings for Obsidian Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Obsidian Energy and related companies with MarketBeat.com's FREE daily email newsletter.
