Obsidian Energy (TSE:OBE) Reaches New 52-Week High – What’s Next?

Obsidian Energy Ltd. (TSE:OBE) shares reached a new 52-week high during mid-day trading on Monday . The stock traded as high as C$10.49 and last traded at C$10.49, with a volume of 51062 shares. The stock had previously closed at C$10.28.

Obsidian Energy Stock Down 0.9%

The company has a debt-to-equity ratio of 20.55, a current ratio of 0.45 and a quick ratio of 0.41. The stock has a market cap of C$706.06 million, a price-to-earnings ratio of -3.44, a price-to-earnings-growth ratio of 0.08 and a beta of 0.11. The firm’s 50-day moving average is C$8.82 and its 200 day moving average is C$8.59.

Obsidian Energy (TSE:OBE) last announced its quarterly earnings results on Thursday, October 30th. The company reported C$0.24 earnings per share for the quarter. The company had revenue of C$114.30 million for the quarter. Obsidian Energy had a net margin of 16.27% and a return on equity of 6.99%. Sell-side analysts anticipate that Obsidian Energy Ltd. will post 1.5996205 earnings per share for the current fiscal year.

About Obsidian Energy

Obsidian Energy Ltd, is an intermediate-sized oil and gas producer with strategic assets in Alberta. It operates in a single reporting segment that is exploration, development and holding an interest in oil and natural gas properties and related production infrastructure in the Western Canada Sedimentary Basin. The company generates the majority of the revenue from the Crude oil sale.