You can use Obsidian Energy fundamental data analysis to find out if markets are presently mispricing the firm. We were able to analyze and collect data for thirty-eight available financial ratios for Obsidian Energy, which can be compared to its competitors. The stock experiences a normal upward fluctuation. Check odds of Obsidian Energy to be traded at C$8.41 in 90 days. Key indicators impacting Obsidian Energy's financial strength include:
Obsidian Energy competes with Bonterra Energy, Cardinal Energy, Surge Energy, and InPlay Oil. Obsidian Energy Ltd. primarily focuses on the exploration, production, and development of oil and natural gas properties in the Western Canada Sedimentary Basin. The company was formerly known as Penn West Petroleum Ltd. and changed its name to Obsidian Energy Ltd. in June 2017. OBSIDIAN ENERGY operates under Oil Gas EP classification in Canada and is traded on Toronto Stock Exchange. It employs 173 people.
You should never invest in Obsidian Energy without having analyzed its financial statements. Do not rely on someone else's analysis or guesses about the future performance of Obsidian Stock, because this is throwing your money away. Analyzing the key information contained in Obsidian Energy's financial statements can give you an edge over other investors and help to ensure that your investments perform well for you.
Obsidian Energy Key Financial Ratios
Obsidian Energy's financial ratios allow both analysts and investors to convert raw data from Obsidian Energy's financial statements into concise, actionable information that can be used to evaluate the performance of Obsidian Energy over time and compare it to other companies across industries.
Comparative valuation techniques use various fundamental indicators to help in determining Obsidian Energy's current stock value. Our valuation model uses many indicators to compare Obsidian Energy value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Obsidian Energy competition to find correlations between indicators driving Obsidian Energy's intrinsic value. More Info.
Obsidian Energy is regarded third in return on equity category among its peers. It is regarded second in return on asset category among its peers reporting about 0.74 of Return On Asset per Return On Equity. The ratio of Return On Equity to Return On Asset for Obsidian Energy is roughly 1.35 . At this time, Obsidian Energy's Return On Equity is very stable compared to the past year. Comparative valuation analysis is a catch-all model that can be used if you cannot value Obsidian Energy by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Obsidian Energy's Stock. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued.
Obsidian Energy Systematic Risk
Obsidian Energy's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Obsidian Energy volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was thirty-six with a total number of output elements of twenty-five. The Beta measures systematic risk based on how returns on Obsidian Energy correlated with the market. If Beta is less than 0 Obsidian Energy generally moves in the opposite direction as compared to the market. If Obsidian Energy Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Obsidian Energy is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Obsidian Energy is generally in the same direction as the market. If Beta > 1 Obsidian Energy moves generally in the same direction as, but more than the movement of the benchmark.
Obsidian Energy Total Assets Over Time
Today, most investors in Obsidian Energy Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Obsidian Energy's growth ratios. Consistent increases or decreases in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's growth growth rates may not be enough to decide which company is a better investment. That's why investors frequently use static breakdown of Obsidian Energy growth as a starting point in their analysis.
Obsidian Energy December 2, 2024 Opportunity Range
Along with financial statement analysis, the daily predictive indicators of Obsidian Energy help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Obsidian Energy. We use our internally-developed statistical techniques to arrive at the intrinsic value of Obsidian Energy based on widely used predictive technical indicators. In general, we focus on analyzing Obsidian Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Obsidian Energy's daily price indicators and compare them against related drivers.
When determining whether Obsidian Energy is a strong investment it is important to analyze Obsidian Energy's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Obsidian Energy's future performance. For an informed investment choice regarding Obsidian Stock, refer to the following important reports:
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Obsidian Energy. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
To learn how to invest in Obsidian Stock, please use our How to Invest in Obsidian Energy guide.You can also try the Companies Directory module to evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals.
Please note, there is a significant difference between Obsidian Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine if Obsidian Energy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Obsidian Energy's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.