Closing Bell: Obsidian Energy Ltd down on Tuesday (OBE)

Today in trading, Obsidian Energy Ltd shares closed at $8.53 after opening the day at $8.50. prices ranged from a low of $8.44 to a high of $8.67.

Share prices slid -3.18 percent from the previous day's close of $8.81.

During the day across North America, the TSX Composite closed -2.18% at 22227.63, the S&P 500 closed -3.00% at 5186.33, the Dow Jones Industrial Average closed -2.60% at 38703.27 and the Nasdaq Composite closed -3.43% at 16200.08.

Obsidian Energy Ltd has listed on the Toronto Stock Exchange (TSX) under the ticker OBE.

Trading volume was 270,804 on 1,886 total trades. On average, Obsidian Energy Ltd has traded 258,783 shares over 5 days and 160,229 year-to-date.

Trading across the entire TSX saw 3,772 price advancers against 1,443 declines and 86 unchanged.

During the prior 52 weeks, OBE.TO has traded as high as $12.37 (April 29,2024) and low as $8.42 (January 22,2024). Moreover, in the last 52 weeks, Obsidian Energy Ltd's shares have shrunken -8.87 percent, while this year, they have dipped -5.12%.

It announced a 0.07 dividend on July 30/15, with an September 28/15 ex-date and October 15/15 pay day.

Following today's trading, Obsidian Energy Ltd has a market capitalization of $669.61 million on a float of 76,005 shares outstanding. Its annual EPS is $1.31.

Obsidian Energy Ltd is a TSX Oil & Gas E&P company headquartered in Calgary, CAN.

Obsidian Energy Ltd is holding an average recommendation of "Moderate Buy" from 2.00 analysts according to Zacks. From those 2 analysts, 2 have buy ratings.

AI at The Globe and Mail
This report is produced using automated technology that summarizes market data into articles for our readers. Ongoing project experiments that leverage artificial intelligence include valuation screens across 14 categories and end-of-day Closing Summary reports for all North American securities..