Recent exceptional negative changes in investment behavior have affected Obsidian Energy Ltd (NYSEAMERICAN: OBE): negative upside/downside volume developed, and the stock fell on very heavy volume.
Recent important negative changes in fundamentals have affected Obsidian Energy Ltd (NYSEAMERICAN: OBE): the consensus estimate for December, 2024 decreased significantly, and the consensus estimate for December, 2025 decreased significantly.
In light of these highly negative signals we are reviewing our current Overall Rating of A. We would view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
OBE’s future returns on capital are forecasted to be in line with the cost of capital. Accordingly, the company is expected to be Value Creation neutral.
Obsidian Energy has a current Value Trend Rating of A (Highest Rating). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Obsidian Energy has a neutral Power Rating of 57 but a very high Appreciation Score of 98, leading to the Highest Value Trend Rating.
Recent Price Action
Obsidian Energy Ltd (NYSEAMERICAN: OBE) stock closed at $5.92 on 9/5/24 after a decline of -3.7%. Moreover, trading volume in this decline was exceptionally high at 224% of normal. The stock has performed in line with the market over the last nine months and has declined -16.3% during the last week.
Be the first to comment