Obsidian Energy Ltd. (OTCMKTS:OBELF – Get Free Report) shares passed below its two hundred day moving average during trading on Thursday. The stock has a two hundred day moving average of $10.15 and traded as low as $9.14. Obsidian Energy shares last traded at $9.21, with a volume of 1,313,973 shares.
Obsidian Energy Stock Up 4.7%
The firm has a market cap of $780.70 million, a P/E ratio of 2.32 and a beta of 2.47. The business’s fifty day moving average price is $11.43 and its two-hundred day moving average price is $10.16. 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.
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