Obsidian Energy (OTCMKTS:OBELF) Stock Price Up 1.8% – Still a Buy?

by · The Markets Daily

Obsidian Energy Ltd. (OTCMKTS:OBELF – Get Free Report) rose 1.8% during trading on Monday . The company traded as high as $13.00 and last traded at $12.97. 1,392,593 shares traded hands during mid-day trading, an increase of 215% from the average session volume of 441,679 shares. The stock had previously closed at $12.74.

Obsidian Energy Trading Up 1.8%

The company has a market cap of $1.05 billion, a PE ratio of 3.11 and a beta of 2.47. The company’s 50 day simple moving average is $10.53 and its two-hundred day simple moving average is $10.34. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.54 and a quick ratio of 0.54.

About Obsidian Energy

(Get Free Report)

Obsidian Energy Ltd. is a Canadian oil and natural gas exploration and production company headquartered in Calgary, Alberta. The company develops and produces crude oil, natural gas and natural gas liquids, with its operations concentrated in the Western Canadian Sedimentary Basin.

Obsidian Energy’s asset portfolio includes light-oil and natural-gas properties in Alberta’s Cardium region, as well as heavy-oil operations in the Peace River area. Its activities include acquiring, exploring, developing and producing hydrocarbon reserves, supported by infrastructure and field operations across its Alberta asset base.

The company was formerly known as Penn West Petroleum Ltd.

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