Stock Rating Downgrade
The Value Trend Rating for Obsidian Energy Ltd (NYSEAMERICAN: OBE) weakened recently from B to C reflecting eroding fundamentals and low Appreciation Potential. Details supporting this lower rating are included in our next report.
Recent Price Action
On 3/18/24, Obsidian Energy Ltd (NYSEAMERICAN: OBE) stock enjoyed a large increase of 3.0%, closing at $7.92. NORMAL trading volume accompanied the advance. Relative to the market the stock has been strong over the last nine months and has risen 12.3% during the last week.
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 C (High Neutral). With this rating, PTR's two proprietary measures of a stock's current attractiveness are providing inconsistent signals. Obsidian Energy has a good Appreciation Score of 77 but a neutral Power Rating of 44, triggering the High Neutral Value Trend Rating.