Obsidian Energy Stock Price on May 17, 2024
| OBE Stock | USD 7.02 0.05 0.71% |
Below is the normalized historical share price chart for Obsidian Energy extending back to November 15, 2005. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Obsidian Energy stands at 7.02, as last reported on the 14th of June 2024, with the highest price reaching 7.02 and the lowest price hitting 7.02 during the day.
If you're considering investing in Obsidian Stock, it is important to understand the factors that can impact its price. Obsidian Energy maintains Sharpe Ratio (i.e., Efficiency) of -0.0686, which implies the firm had a -0.0686% return per unit of risk over the last 3 months. Obsidian Energy exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Obsidian Energy's Risk Adjusted Performance of (0.0009), coefficient of variation of (7,499), and Variance of 5.82 to confirm the risk estimate we provide.
At present, Obsidian Energy's Common Stock is projected to decrease significantly based on the last few years of reporting. The current year's Capital Stock is expected to grow to about 2.4 B, whereas Liabilities And Stockholders Equity is forecasted to decline to about 2.1 B. . At present, Obsidian Energy's Price To Operating Cash Flows Ratio is projected to slightly decrease based on the last few years of reporting. The current year's Price Cash Flow Ratio is expected to grow to 3.59, whereas Price Book Value Ratio is forecasted to decline to 0.42. Obsidian Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
IPO Date 2nd of April 2020 | 200 Day MA 7.5371 | 50 Day MA 7.9574 | Beta 2.387 |
Obsidian |
Sharpe Ratio = -0.0686
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | OBE |
Estimated Market Risk
| 2.35 actual daily | 20 80% of assets are more volatile |
Expected Return
| -0.16 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.07 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Obsidian Energy is not performing at its full potential. However, 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 Obsidian Energy to a well-diversified portfolio.
Price Book 0.5475 | Enterprise Value Ebitda 2.1587 | Price Sales 1.0131 | Shares Float 74.4 M | Wall Street Target Price 10.9 |
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Obsidian Energy Valuation on May 17, 2024
It is possible to determine the worth of Obsidian Energy on a given historical date. On May 17, 2024 Obsidian was worth 7.71 at the beginning of the trading date compared to the closed value of 7.7. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Obsidian Energy stock. Still, in general, we apply an absolute valuation method to find Obsidian Energy's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Obsidian Energy where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Obsidian Energy's related companies.
| Open | High | Low | Close | Volume | |
| 7.83 | 7.89 | 7.61 | 7.65 | 513,670 | |
05/17/2024 | 7.71 | 7.71 | 7.59 | 7.70 | 324,044 |
| 7.76 | 7.82 | 7.65 | 7.68 | 239,540 |
| Backtest Obsidian Energy | | | Obsidian Energy History | | | Obsidian Energy Valuation | Previous | Next |
Obsidian Energy Trading Date Momentum on May 17, 2024
| On May 20 2024 Obsidian Energy was traded for 7.68 at the closing time. Highest Obsidian Energy's price during the trading hours was 7.82 and the lowest price during the day was 7.65 . The net volume was 239.5 K. The overall trading history on the 20th of May contributed to the next trading period price depreciation. The trading delta at closing time to the next next day price was 0.26% . The trading delta at closing time to current price is 4.94% . |
Obsidian Energy Fundamentals Correlations and Trends
By evaluating Obsidian Energy's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Obsidian Energy's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Obsidian financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Obsidian Energy Stock history
Obsidian Energy investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Obsidian is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Obsidian Energy will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Obsidian Energy stock prices may prove useful in developing a viable investing in Obsidian Energy
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 84.1 M | 59.8 M | |
| Net Income Applicable To Common Shares | 931.6 M | 978.2 M |
Obsidian Energy Stock Technical Analysis
Obsidian Energy technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Obsidian Energy Period Price Range
Low | May 17, 2024
| High |
7.71 | 7.70 |
Obsidian Energy June 14, 2024 Market Strength
Market strength indicators help investors to evaluate how Obsidian Energy stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Obsidian Energy shares will generate the highest return on investment. By undertsting and applying Obsidian Energy stock market strength indicators, traders can identify Obsidian Energy entry and exit signals to maximize returns
Obsidian Energy Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Obsidian Energy's price direction in advance. Along with the technical and fundamental analysis of Obsidian Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Obsidian to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | (0.0009) | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | 0.0057 | |||
| Treynor Ratio | (0.06) |
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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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