Alert: Negative Investment/Fundamental Signals (12/29/23)-Obsidian Energy Ltd (NYSEAMERICAN: OBE)


Recent exceptional negative changes in investment behavior have affected Obsidian Energy Ltd (NYSEAMERICAN: OBE): the stock’s recent price decline challenged its longer term uptrend, and negative upside/downside volume developed.

Recent significant negative changes in fundamentals have affected Obsidian Energy Ltd (NYSEAMERICAN: OBE): the consensus estimate for December, 2023 decreased significantly, and the consensus estimate for December, 2024 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

With future capital returns forecasted to be in line with the cost of capital, OBE is expected to be Value Creation neutral.

Obsidian Energy has a current Value Trend Rating of A (Highest Rating). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Obsidian Energy has a good Power Rating of 82 and a very high Appreciation Score of 89, resulting in the Highest Value Trend Rating.

Recent Price Action

Obsidian Energy Ltd (NYSEAMERICAN: OBE) stock declined modestly by -1.2% on 12/29/23. The stock closed at $6.78. This decline was accompanied by normal trading volume. The stock has been exceptionally strong relative to the market over the last nine months but has declined -4.4% during the last week.

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