Obsidian Energy Stock Today
OBE Stock | CAD 12.01 0.22 1.87% |
Performance16 of 100
| Odds Of DistressLess than 27
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Obsidian Energy is selling at 12.01 as of the 25th of April 2024; that is 1.87 percent increase since the beginning of the trading day. The stock's open price was 11.79. Obsidian Energy has about a 27 % chance of experiencing some form of financial distress in the next two years of operation and had a somewhat solid performance during the last 90 days. Equity ratings for Obsidian Energy are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 26th of March 2024 and ending today, the 25th of April 2024. Click here to learn more.
Business Domain Energy |
Obsidian Energy Ltd. primarily focuses on the exploration, production, and development of oil and natural gas properties in the Western Canada Sedimentary Basin. The company was formerly known as Penn West Petroleum Ltd. and changed its name to Obsidian Energy Ltd. The company has 77.44 M outstanding shares of which 722.14 K shares are now shorted by private and institutional investors with about 4.47 days to cover all short positions. More on Obsidian Energy
Moving together with Obsidian Stock
0.87 | ENB-PFC | Enbridge Pref 11 | PairCorr |
0.72 | ENB-PFU | Enbridge Pref L | PairCorr |
Moving against Obsidian Stock
0.82 | AAPL | Apple Inc CDR | PairCorr |
0.42 | SAGE | Sage Potash Corp | PairCorr |
Obsidian Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Obsidian Energy's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Obsidian Energy or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
CEO | Stephen Loukas | ||||
Business Concentration | Oil & Gas Exploration & Production, Oil & Gas E&P, Energy, Energy, Oil, Gas & Consumable Fuels, Oil & Gas E&P, Energy (View all Sectors) | ||||
Obsidian Energy's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Obsidian Energy's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit. | |||||
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Obsidian Energy's financial leverage. It provides some insight into what part of Obsidian Energy's total assets is financed by creditors.
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Obsidian Energy (OBE) is traded on Toronto Exchange in Canada and employs 198 people. Obsidian Energy is listed under Oil & Gas Exploration & Production category by Fama And French industry classification. The company currently falls under 'Small-Cap' category with a current market capitalization of 912.96 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Obsidian Energy's market, we take the total number of its shares issued and multiply it by Obsidian Energy's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Obsidian Energy operates under Oil, Gas & Consumable Fuels sector and is part of Energy industry. The entity has 77.44 M outstanding shares of which 722.14 K shares are now shorted by private and institutional investors with about 4.47 days to cover all short positions.
Obsidian Energy has accumulated about 9.2 M in cash with 361.5 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.11.
Check Obsidian Energy Probability Of Bankruptcy
Ownership AllocationObsidian Energy has a total of 77.44 Million outstanding shares. Roughly 76.0 pct. of Obsidian Energy outstanding shares are held by general public with 1.67 % owned by insiders and only 22.39 (%) by third-party entities. Note that regardless of who owns the company, if the true value of the entity is less than the market is willing to pay for it, you may not be able to generate positive returns over time.
Check Obsidian Ownership Details
Obsidian Stock Price Odds Analysis
Contingent on a normal probability distribution, the odds of Obsidian Energy jumping above the current price in 90 days from now is nearly 4.15%. The Obsidian Energy probability density function shows the probability of Obsidian Energy stock to fall within a particular range of prices over 90 days. Assuming the 90 days trading horizon Obsidian Energy has a beta of 0.8601. This indicates Obsidian Energy market returns are highly reactive to returns on the market. As the market goes up or down, Obsidian Energy is expected to follow. Additionally, obsidian Energy has an alpha of 0.3957, implying that it can generate a 0.4 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
Based on a normal probability distribution, the odds of Obsidian Energy to move above the current price in 90 days from now is nearly 4.15 (This Obsidian Energy probability density function shows the probability of Obsidian Stock to fall within a particular range of prices over 90 days) .
Obsidian Energy Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. Obsidian Energy market risk premium is the additional return an investor will receive from holding Obsidian Energy long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Obsidian Energy. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Obsidian Energy's alpha and beta are two of the key measurements used to evaluate Obsidian Energy's performance over the market, the standard measures of volatility play an important role as well.
Mean Deviation | 1.59 | |||
Semi Deviation | 1.22 | |||
Standard Deviation | 1.92 | |||
Variance | 3.7 |
Obsidian Stock Against Markets
Picking the right benchmark for Obsidian Energy stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Obsidian Energy stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Obsidian Energy is critical whether you are bullish or bearish towards Obsidian Energy at a given time. Please also check how Obsidian Energy's historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in Obsidian Energy without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Obsidian Energy Corporate Directors
Obsidian Energy corporate directors refer to members of an Obsidian Energy board of directors. The board of directors generally takes responsibility for the Obsidian Energy's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Obsidian Energy's board members must vote for the resolution. The Obsidian Energy board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.John Brydson | Independent Director | Profile | |
William Friley | Independent Director | Profile | |
Maureen Jackson | Independent Director | Profile | |
Raymond Crossley | Independent Director | Profile |
How to buy Obsidian Stock?
Before investing in Obsidian Energy, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Obsidian Energy. To buy Obsidian Energy stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Obsidian Energy. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Obsidian Energy stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Obsidian Energy stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Obsidian Energy stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Obsidian Energy, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Obsidian Stock please use our How to Invest in Obsidian Energy guide.
Already Invested in Obsidian Energy?
The danger of trading Obsidian Energy is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Obsidian Energy is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Obsidian Energy. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Obsidian Energy is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Obsidian Energy is a strong investment it is important to analyze Obsidian Energy's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Obsidian Energy's future performance. For an informed investment choice regarding Obsidian Stock, refer to the following important reports: Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Obsidian Energy. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. To learn how to invest in Obsidian Stock, please use our How to Invest in Obsidian Energy guide.Note that the Obsidian Energy information on this page should be used as a complementary analysis to other Obsidian Energy's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio Analyzer module to portfolio analysis module that provides access to portfolio diagnostics and optimization engine.
Complementary Tools for Obsidian Stock analysis
When running Obsidian Energy's price analysis, check to measure Obsidian Energy's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Obsidian Energy is operating at the current time. Most of Obsidian Energy's value examination focuses on studying past and present price action to predict the probability of Obsidian Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Obsidian Energy's price. Additionally, you may evaluate how the addition of Obsidian Energy to your portfolios can decrease your overall portfolio volatility.
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