Obsidian Energy Stock Buy Hold or Sell Recommendation
| OBE Stock | CAD 7.87 0.14 1.75% |
Assuming the 90 days trading horizon and your complete indifference towards market risk, our recommendation regarding Obsidian Energy is 'Strong Hold'. The recommendation algorithm takes into account all of Obsidian Energy's available fundamental, technical, and predictive indicators you will find on this site.
Check out Obsidian Energy Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. To learn how to invest in Obsidian Stock, please use our How to Invest in Obsidian Energy guide. In addition, we conduct extensive research on individual companies such as Obsidian and provide practical buy, sell, or hold advice based on investors' investing horizon and their risk tolerance towards 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.
Obsidian |
Execute Obsidian Energy Buy or Sell Advice
The Obsidian recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on Obsidian Energy. Macroaxis does not own or have any residual interests in Obsidian Energy or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute Obsidian Energy's advice using the current market data and latest reported fundamentals.
Time Horizon
Risk Tolerance
 |  |
Strong Hold
Market Performance | Very Weak | Details | |
Volatility | Somewhat reliable | Details | |
Hype Condition | Stale | Details | |
Current Valuation | Overvalued | Details | |
Odds Of Distress | Below Average | Details | |
Economic Sensitivity | Moves indifferently to market moves | Details | |
Analyst Consensus | Not Available | Details | |
Reporting Quality (M-Score) | Inapplicable | Details |
Obsidian Energy Trading Alerts and Improvement Suggestions
| Obsidian Energy generated a negative expected return over the last 90 days | |
| Obsidian Energy has accumulated 228 M in total debt with debt to equity ratio (D/E) of 0.38, which is about average as compared to similar companies. Obsidian Energy has a current ratio of 0.26, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist Obsidian Energy until it has trouble settling it off, either with new capital or with free cash flow. So, Obsidian Energy's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Obsidian Energy sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Obsidian to invest in growth at high rates of return. When we think about Obsidian Energy's use of debt, we should always consider it together with cash and equity. | |
| Latest headline from news.google.com: Edward Kernaghan buys as Obsidian Energy stock lags - The Globe and Mail |
Obsidian Energy Returns Distribution Density
The distribution of Obsidian Energy's historical returns is an attempt to chart the uncertainty of Obsidian Energy's future price movements. The chart of the probability distribution of Obsidian Energy daily returns describes the distribution of returns around its average expected value. We use Obsidian Energy price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Obsidian Energy returns is essential to provide solid investment advice for Obsidian Energy.
| Mean Return | -0.28 | Value At Risk | -4.26 | Potential Upside | 3.21 | Standard Deviation | 2.73 |
Return Density |
| Distribution |
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of Obsidian Energy historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.
Obsidian Energy Cash Flow Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Change In Cash | 1M | 5.1M | (800K) | (6.5M) | (300K) | (315K) | |
| Free Cash Flow | (26M) | 22.2M | 57.7M | 137.4M | 59.6M | 36.3M | |
| Other Non Cash Items | 900M | 855.6M | (212.5M) | (332.1M) | (38.3M) | (36.4M) | |
| Capital Expenditures | 168M | 103M | 57.2M | 319.4M | 293.1M | 546.4M | |
| Net Income | (788M) | (771.7M) | 414M | 810.1M | 108M | 113.4M | |
| Depreciation | 254.2M | 134.2M | 125.7M | 185.7M | 225.8M | 214.5M | |
| End Period Cash Flow | 3M | 8.1M | 7.3M | 800K | 500K | 475K | |
| Net Borrowings | 15M | (10.3M) | (67M) | (167.4M) | (192.5M) | (202.1M) | |
| Change To Netincome | (7M) | 717.3M | (23.2M) | (275.2M) | (247.7M) | (235.3M) | |
| Investments | (101M) | (66.2M) | (156.6M) | (290.8M) | (305.5M) | (290.2M) |
Obsidian Energy Greeks
Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Obsidian Energy or Oil, Gas & Consumable Fuels sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Obsidian Energy's price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Obsidian stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α | Alpha over Dow Jones | -0.27 | |
β | Beta against Dow Jones | -0.14 | |
σ | Overall volatility | 2.50 | |
Ir | Information ratio | -0.15 |
Obsidian Energy Volatility Alert
Obsidian Energy exhibits very low volatility with skewness of 0.14 and kurtosis of 1.15. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Obsidian Energy's stock risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact Obsidian Energy's stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.Obsidian Energy Fundamentals Vs Peers
Comparing Obsidian Energy's fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze Obsidian Energy's direct or indirect competition across all of the common fundamentals between Obsidian Energy and the related equities. This way, we can detect undervalued stocks with similar characteristics as Obsidian Energy or determine the stocks which would be an excellent addition to an existing portfolio. Peer analysis of Obsidian Energy's fundamental indicators could also be used in its relative valuation, which is a method of valuing Obsidian Energy by comparing valuation metrics with those of similar companies.
| Better Than Average | Worse Than Average | Compare Obsidian Energy to competition |
| Fundamentals | Obsidian Energy | Peer Average |
| Return On Equity | 0.0699 | -0.31 |
| Return On Asset | 0.0519 | -0.14 |
| Profit Margin | 0.17 % | (1.27) % |
| Operating Margin | 0.28 % | (5.51) % |
| Current Valuation | 945.51 M | 16.62 B |
| Shares Outstanding | 74.47 M | 571.82 M |
| Shares Owned By Insiders | 2.75 % | 10.09 % |
| Shares Owned By Institutions | 23.81 % | 39.21 % |
| Number Of Shares Shorted | 906.15 K | 4.71 M |
| Price To Earning | 4.90 X | 28.72 X |
| Price To Book | 0.35 X | 9.51 X |
| Price To Sales | 0.84 X | 11.42 X |
| Revenue | 653.3 M | 9.43 B |
| Gross Profit | 549.1 M | 27.38 B |
| EBITDA | 401.2 M | 3.9 B |
| Net Income | 108 M | 570.98 M |
| Cash And Equivalents | 9.2 M | 2.7 B |
| Cash Per Share | 0.11 X | 5.01 X |
| Total Debt | 228 M | 5.32 B |
| Debt To Equity | 0.38 % | 48.70 % |
| Current Ratio | 0.27 X | 2.16 X |
| Book Value Per Share | 22.63 X | 1.93 K |
| Cash Flow From Operations | 352.7 M | 971.22 M |
| Short Ratio | 3.97 X | 4.00 X |
| Earnings Per Share | 1.42 X | 3.12 X |
| Price To Earnings To Growth | 0.09 X | 4.89 X |
| Target Price | 13.63 | |
| Number Of Employees | 198 | 18.84 K |
| Beta | 2.26 | -0.15 |
| Market Capitalization | 586.09 M | 19.03 B |
| Total Asset | 2.25 B | 29.47 B |
| Retained Earnings | (635.4 M) | 9.33 B |
| Working Capital | (135.4 M) | 1.48 B |
Obsidian Energy Market Momentum
Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as Obsidian . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
About Obsidian Energy Buy or Sell Advice
When is the right time to buy or sell Obsidian Energy? Buying financial instruments such as Obsidian Stock isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.
Use Investing Ideas to Build Portfolios
In addition to having Obsidian Energy in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Oil And Gas Thematic Idea Now
Oil And Gas
Companies involved in drilling, production, and distribution of oil and gas pipelines. The Oil And Gas theme has 38 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Oil And Gas Theme or any other thematic opportunities.
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Check out Obsidian Energy Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. To learn how to invest in Obsidian Stock, please use our How to Invest in Obsidian Energy guide.You can also try the Sign In To Macroaxis module to sign in to explore Macroaxis' wealth optimization platform and fintech modules.