Obsidian Energy Ltd. (OTCMKTS:OBELF – Get Free Report) shares passed below its 50-day moving average during trading on Wednesday. The stock has a 50-day moving average of $11.56 and traded as low as $11.4250. Obsidian Energy shares last traded at $11.45, with a volume of 847,603 shares traded.
Obsidian Energy Stock Performance
The stock has a market capitalization of $924.40 million, a price-to-earnings ratio of 2.75 and a beta of 2.47. The stock’s 50 day moving average is $11.56 and its 200 day moving average is $10.01. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 0.55.
Obsidian Energy Company Profile
Obsidian Energy Ltd. is a Canadian oil and natural gas exploration and production company. The company focuses on developing and operating conventional petroleum assets, with production that includes crude oil, natural gas liquids and natural gas.
Obsidian Energy’s operations are concentrated in Alberta, Canada, including properties in the Peace River and Cardium areas of the Western Canadian Sedimentary Basin. Its activities include drilling, field development, production optimization and the management of related infrastructure.
The company was formerly known as Penn West Petroleum Ltd.
Further Reading
- Five stocks we like better than Obsidian Energy
- Boeing Got Its MAX 10 Approval, But Q3 Delivered a Reality Check
- The Invisible AI Backbone: Corning’s AI Fiber Play
- Heavy Metal: Why Nucor Could Be an Overlooked AI Infrastructure Winner
- Why Tesla’s Upside Is About More Than a SpaceX Merger
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.
