Obsidian Energy Stock Performance
| OBE Stock | CAD 12.32 0.31 2.58% |
On a scale of 0 to 100, Obsidian Energy holds a performance score of 19. The company holds a Beta of 0.88, which implies possible diversification benefits within a given portfolio. Obsidian Energy returns are very sensitive to returns on the market. As the market goes up or down, Obsidian Energy is expected to follow. Please check Obsidian Energy's skewness, day typical price, and the relationship between the downside variance and daily balance of power , to make a quick decision on whether Obsidian Energy's historical price patterns will revert.
Risk-Adjusted Performance
19 of 100
Weak | Strong |
Solid
Compared to the overall equity markets, risk-adjusted returns on investments in Obsidian Energy are ranked lower than 19 (%) of all global equities and portfolios over the last 90 days. In spite of very unfluctuating technical and fundamental indicators, Obsidian Energy displayed solid returns over the last few months and may actually be approaching a breakup point. ...more
Last Split Factor 1:7 | Dividend Date 2015-10-15 | Ex Dividend Date 2015-09-28 | Last Split Date 2019-06-10 |
1 | Obsidian Energy urged by Canadian First Nation to address quake concerns - Seeking Alpha | 02/13/2024 |
2 | Obsidian Energy Confirms Filing of Its 2023 Year End Disclosure Documents - Marketscreener.com | 02/22/2024 |
3 | Closing Bell Obsidian Energy Ltd up on Wednesday - Barchart | 02/28/2024 |
4 | Obsidian Energy Limited Free Cash Flow Expected In 2024 As It Grows Production - Seeking Alpha | 03/06/2024 |
5 | Closing Bell Obsidian Energy Ltd up on Tuesday - The Globe and Mail | 03/19/2024 |
6 | Should You Accumulate Obsidian Energy Ltd Stock Wednesday Morning - InvestorsObserver | 03/27/2024 |
7 | Obsidian Energy Ltd. Senior Officer Sells C231,112.00 in Stock - MarketBeat | 04/10/2024 |
8 | Closing Bell Obsidian Energy Ltd down on Monday - The Globe and Mail | 04/22/2024 |
| Begin Period Cash Flow | 800 K |
Obsidian |
Obsidian Energy Relative Risk vs. Return Landscape
If you would invest 917.00 in Obsidian Energy on January 31, 2024 and sell it today you would earn a total of 315.00 from holding Obsidian Energy or generate 34.35% return on investment over 90 days. Obsidian Energy is generating 0.4959% of daily returns assuming 1.9457% volatility of returns over the 90 days investment horizon. Simply put, 17% of all stocks have less volatile historical return distribution than Obsidian Energy, and 91% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
Obsidian Energy Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Obsidian Energy's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Obsidian Energy, and traders can use it to determine the average amount a Obsidian Energy's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.2549
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Estimated Market Risk
| 1.95 actual daily | 17 83% of assets are more volatile |
Expected Return
| 0.5 actual daily | 9 91% of assets have higher returns |
Risk-Adjusted Return
| 0.25 actual daily | 19 81% of assets perform better |
Based on monthly moving average Obsidian Energy is performing at about 19% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Obsidian Energy by adding it to a well-diversified portfolio.
Obsidian Energy Fundamentals Growth
Obsidian Stock prices reflect investors' perceptions of the future prospects and financial health of Obsidian Energy, and Obsidian Energy fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Obsidian Stock performance.
| Return On Equity | 0.067 | ||||
| Return On Asset | 0.0495 | ||||
| Profit Margin | 0.17 % | ||||
| Operating Margin | 0.34 % | ||||
| Current Valuation | 1.18 B | ||||
| Shares Outstanding | 77.44 M | ||||
| Price To Earning | 4.90 X | ||||
| Price To Book | 0.55 X | ||||
| Price To Sales | 1.39 X | ||||
| Revenue | 751.1 M | ||||
| Gross Profit | 549.1 M | ||||
| EBITDA | 401.4 M | ||||
| Net Income | 108 M | ||||
| Cash And Equivalents | 9.2 M | ||||
| Cash Per Share | 0.11 X | ||||
| Total Debt | 2 M | ||||
| Debt To Equity | 0.38 % | ||||
| Current Ratio | 0.27 X | ||||
| Book Value Per Share | 21.19 X | ||||
| Cash Flow From Operations | 361.5 M | ||||
| Earnings Per Share | 1.28 X | ||||
| Market Capitalization | 954.01 M | ||||
| Total Asset | 2.25 B | ||||
| Retained Earnings | (635.4 M) | ||||
| Working Capital | (135.4 M) | ||||
| Current Asset | 89.7 M | ||||
| Current Liabilities | 224.25 M | ||||
About Obsidian Energy Performance
To evaluate Obsidian Energy Stock as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when Obsidian Energy generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare Obsidian Stock's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand Obsidian Energy market performance in a much more refined way. The Macroaxis performance score is an integer between 0 and 100 that represents Obsidian's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.| Last Reported | Projected for Next Year | ||
| Days Of Inventory On Hand | 0.00000078 | 0.000001 | |
| Return On Tangible Assets | 0.05 | 0.05 | |
| Return On Capital Employed | 0.07 | 0.08 | |
| Return On Assets | 0.05 | 0.05 | |
| Return On Equity | 0.07 | 0.07 |
Things to note about Obsidian Energy performance evaluation
Checking the ongoing alerts about Obsidian Energy for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Obsidian Energy help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| The company has accumulated 2 M in total debt with debt to equity ratio (D/E) of 0.38, which is about average as compared to similar companies. Obsidian Energy has a current ratio of 0.26, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist Obsidian Energy until it has trouble settling it off, either with new capital or with free cash flow. So, Obsidian Energy's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Obsidian Energy sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Obsidian to invest in growth at high rates of return. When we think about Obsidian Energy's use of debt, we should always consider it together with cash and equity. | |
| Latest headline from news.google.com: Closing Bell Obsidian Energy Ltd down on Monday - The Globe and Mail |
- Analyzing Obsidian Energy's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Obsidian Energy's stock is overvalued or undervalued compared to its peers.
- Examining Obsidian Energy's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Obsidian Energy's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Obsidian Energy's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Obsidian Energy's stock. These opinions can provide insight into Obsidian Energy's potential for growth and whether the stock is currently undervalued or overvalued.
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 Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.
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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