Obsidian Energy Ltd. (AMEX:OBE)’s traded shares stood at 1.31 million during the last session, with the company’s beta value hitting 2.75. At the close of trading, the stock’s price was $5.73, to imply a decrease of -5.60% or -$0.34 in intraday trading. The OBE share’s 52-week high remains $12.52, putting it -118.5% down since that peak but still an impressive 0.0% since price per share fell to its 52-week low of $5.73. The company has a valuation of $668.23M, with an average of 0.6 million shares in intraday trading volume over the past 10 days and average of 609.43K shares over the past 3 months.
Analysts have given a consensus recommendation of an Overweight for Obsidian Energy Ltd. (OBE), translating to a mean rating of 2.00. Of 4 analyst(s) looking at the stock, 0 analyst(s) give OBE a Sell rating. 1 of those analysts rate the stock as Overweight while 2 advise Hold as 1 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at $0.45.
From Robots to Self-Driving Cars: 5 AI Stocks to Consider for Your Portfolio
The artificial intelligence (AI) revolution is already here and it's about to change everything we know about everything. With the global market for AI projected to grow from $137 billion in 2022 to over $1.81 trillion by 2030, there's never been a better time to invest in this burgeoning industry. That's why we've compiled a list of the Top 5 AI Stocks to Buy for 2023. These companies are at the forefront of the AI revolution, and have the potential to deliver huge returns to investors like you.
Get our free report, "Top 5 AI Stocks to Buy for 2023".
Obsidian Energy Ltd. (AMEX:OBE) trade information
After registering a -5.60% downside in the last session, Obsidian Energy Ltd. (OBE) has traded red over the past five days. The stock hit a weekly high of 7.06 this Friday, 03/17/23, dropping -5.60% in its intraday price action. The 5-day price performance for the stock is -18.38%, and -13.31% over 30 days. With these gigs, the year-to-date price performance is -13.70%. Short interest in Obsidian Energy Ltd. (AMEX:OBE) saw shorts transact 1.35 million shares and set a 1.98 days time to cover.
Analysts on Wall Street suggest a consensus price target of $8.87, implying an increase of 35.4% to the stock’s current value. The extremes give us $8.03 and $9.95 for target low and target high price respectively. As such, OBE has been trading -73.65% off suggested target high and -40.14% from its likely low.
Obsidian Energy Ltd. (OBE) estimates and forecasts
Revenue is forecast to grow 200.00% this quarter before jumping 68.20% for the next one. The rating firms project that company’s revenue will grow 97.50% compared to the previous financial year.
Revenue forecast for the current quarter as set by 1 analysts is $114.75 million. Meanwhile, for the quarter ending Mar 2023, a total of 1 analyst(s) estimate revenue growth to $112.5 million.Earnings reports from the last fiscal year show that sales brought in $98.33 million and $124.13 million respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 16.70% before dropping -9.40% in the following quarter.
An assessment of the company’s 5-year growth patterns shows that annual earnings grew an estimated 59.20% for the past 5-year period. While 2023 is set for a 79.90% return in earnings, projections for the next 5 years are at 9.30% annually.
Obsidian Energy Ltd. has its next earnings report out between May 02 and May 08. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Obsidian Energy Ltd. has a forward dividend ratio of 0, with the share yield ticking at 0.00% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 0.00%.
Obsidian Energy Ltd. (AMEX:OBE)’s Major holders
Obsidian Energy Ltd. insiders hold 0.82% of total outstanding shares, with institutional holders owning 24.23% of the shares at 24.43% float percentage. In total, 24.23% institutions holds shares in the company, led by Acadian Asset Management. LLC. As of Sep 29, 2022, the company held over 2.21 million shares (or 2.68% of shares), all amounting to roughly $15.83 million.
The next major institution holding the largest number of shares is Arrowstreet Capital, Limited Partnership with 1.39 million shares, or about 1.69% of shares outstanding. As of the market price on Sep 29, 2022, these shares were worth $9.97 million.
We also have First Tr Exchange Traded Fd-First Tr Natural Gas ETF and Avantis International Small Cap Value ETF as the top two Mutual Funds with the largest holdings of the Obsidian Energy Ltd. (OBE) shares. Going by data provided on Dec 30, 2022, First Tr Exchange Traded Fd-First Tr Natural Gas ETF holds roughly 0.47 million shares. This is just over 0.58% of the total shares, with a market valuation of $3.15 million. Data from the same date shows that the other fund manager holds a little less at 0.31 million, or 0.38% of the shares, all valued at about 2.09 million.