Obsidian Energy Ltd. (OTCMKTS:OBELF – Get Free Report) shares passed below its 200-day moving average during trading on Thursday. The stock has a 200-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 Performance
The stock’s fifty day simple moving average is $11.46 and its 200-day simple moving average is $10.15. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 0.55. The company has a market capitalization of $743.56 million, a PE ratio of 2.21 and a beta of 2.47.
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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