Stock Rating Downgrade
During the last several trading days the Value Trend Rating for Obsidian Energy Ltd (NYSEAMERICAN: OBE) weakened from B to C reflecting eroding fundamentals and low Appreciation Potential.
Recent Price Action
On 11/15/24, Obsidian Energy Ltd (NYSEAMERICAN: OBE) stock declined by -2.5%, closing at $5.49. Trading volume in this decline was normal. The stock has been weak relative to the market over the last nine months and has declined -10.3% during the last week.
Current PriceTarget Research Rating
Obsidian Energy has a current Value Trend Rating of C (High Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Obsidian Energy has a very high Appreciation Score of 91 but a slightly negative Power Rating of 35, resulting in the High Neutral Value Trend Rating.
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