Obsidian Energy (TSE:OBE) Reaches New 12-Month High – What’s Next?

Shares of Obsidian Energy Ltd. (TSE:OBE) hit a new 52-week high during mid-day trading on Monday . The company traded as high as C$10.49 and last traded at C$10.49, with a volume of 51062 shares. The stock had previously closed at C$10.28.

Obsidian Energy Trading Up 2.7%

The company has a debt-to-equity ratio of 20.55, a quick ratio of 0.41 and a current ratio of 0.45. The business’s 50 day moving average price is C$8.74 and its 200-day moving average price is C$8.55. The company has a market cap of C$708.74 million, a price-to-earnings ratio of -3.45, a PEG ratio of 0.08 and a beta of 0.11.

Obsidian Energy (TSE:OBE) last announced its quarterly earnings results on Thursday, October 30th. The company reported C$0.24 EPS for the quarter. Obsidian Energy had a return on equity of 6.99% and a net margin of 16.27%.The business had revenue of C$114.30 million for the quarter. On average, research analysts forecast that Obsidian Energy Ltd. will post 1.5996205 EPS for the current year.

About Obsidian Energy

Obsidian Energy Ltd, is an intermediate-sized oil and gas producer with strategic assets in Alberta. It operates in a single reporting segment that is exploration, development and holding an interest in oil and natural gas properties and related production infrastructure in the Western Canada Sedimentary Basin. The company generates the majority of the revenue from the Crude oil sale.