Obsidian Energy Ltd (AMEX:OBE) shares, rose in value, with the stock price up by 2.16% to the previous day’s close as strong demand from buyers drove the stock to $8.98.
Actively observing the price movement in the last trading, the stock closed the session at $8.79. The PE ratio was 9.34 over 12-month period. Referring to stock’s 52-week performance, its high was $8.84, and the low was $5.33. On the whole, OBE has fluctuated by 10.32% over the past month.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that OBE’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 50% Buy.
The stock’s technical analysis shows that the PEG ratio is about 1.00, with the price of OBE currently trading nearly 6.69% and 15.72% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 70.28, while the 7-day volatility ratio is showing 3.84% which for the 30-day chart, stands at 2.78%. Furthermore, Obsidian Energy Ltd (OBE)’s beta value is 1.56, and its average true range (ATR) is 0.25.
A comparison of Obsidian Energy Ltd (OBE) with its peers suggests the former has fared considerably weaker in the market. OBE showed an intraday change of 2.16% in last session, and over the past year, it grew by 41.42%%.
Data on historical trading for Obsidian Energy Ltd (AMEX:OBE) indicates that the trading volumes over the past 3 months, they’ve averaged 380.92K. According to company’s latest data on outstanding shares, there are 77.59 million shares outstanding.
Nearly 2.81% of Obsidian Energy Ltd’s shares belong to company insiders and institutional investors own 18.88% of the company’s shares. The stock has risen by 32.45% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the OBE stock heading into the next quarter.
