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How to Buy Obsidian Energy Stock

Obsidian Energy Ltd

Obsidian Energy Ltd. explores for, develops, and holds interests in oil and natural gas properties and related production infrastructure in the Western Canada Sedimentary Basin.

Obsidian Energy stock last closed at $7.22, down 1.37% from the previous day, and has increased 24.91% in one year. It has overperformed other stocks in the Oil & Gas E&P industry by 0.03 percentage points. Obsidian Energy stock is currently +33.21% from its 52-week low of $5.42, and -20.35% from its 52-week high of $9.07.

As of Jun 21, 2024, there are 77.3M OBE shares outstanding. The market value of OBE is $558.11M. In the past 24 hours, 400,012 OBE shares were traded.

How to Buy Obsidian Energy Stock

Wondering how to invest in Obsidian Energy stock? Here's how.
  1. Decide where to buy Obsidian Energy stock: You need to decide on a stock brokerage, but don't worry - we've analyzed dozens of online brokerages and apps to help you determine where to buy Obsidian Energy stock.
  2. Open a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've found.
  3. Deposit money your investment account: Pick your payment method and add your information.
  4. Analyze Obsidian Energy stock: The Obsidian Energy ticker symbol is OBE. Is Obsidian Energy stock a good investment? Should you buy shares of OBE? How do OBE's underlying business fundamentals look? Do top analysts think Obsidian Energy is a good buy? Why has OBE's stock price moved recently? (Hint: Our stock research website can help you evaluate if OBE is a good stock to buy).
  5. Execute your OBE buy order: Decide if you will purchase OBE shares at the current market price or use a limit order to buy OBE shares at a specific price.
  6. Keep an eye on your OBE position: Create a watchlist to keep tabs on your investment in Obsidian Energy stock.

Step 1: Decide where to buy Obsidian Energy stock

You will need a brokerage account to access the NYSEMKT market and buy OBE stock.

A brokerage account enables you to buy and sell a number of financial instruments, including stocks, bonds, mutual funds, and ETFs.

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Step 2: Open a brokerage account

Now that you've chosen the best brokerage, you'll need to fill out some personal details so you can buy OBE today.

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Step 3: Deposit money your investment account

Now that you have created your account on the best app for stock investing, your next step is to transfer the money for your investment:

Watch this video walkthrough to see the process of depositing money into your new brokerage account.

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Step 4: Analyze Obsidian Energy stock

After you have figured out the best place to buy Obsidian Energy stock, it's critical to research their stock prior to buying, so you truly understand the risk and opportunity.

Obsidian Energy stock data

OBE Price
$7.22
1w %
1.98%
1y %
24.91%
5y %
527.83%
P/E
9.06x
P/B
0.47x
P/S
1.14x
PEG
0.31x
Revenue
$488.84M
Earnings
$64.78M
Fore. Rev. Growth
N/A
Fore. Earn. Growth
35.51%
Market Cap
$558.11M
Next Earnings
N/A
Next Dividend
N/A

OBE Due Diligence Checks

WallStreetZen was created to help part-time investors perform better fundamental analysis in minutes instead of hours.

You can see all of the due diligence checks on OBE's stock page.

What is the fair value of OBE stock?

Analysts use a variety of different financial metrics, analyses, models, and charts to gauge OBE's fair value.

Using relative valuations methods:

  • OBE could be undervalued based on its P/E ratio of 9.06x, relative to Oil & Gas E&P industry P/E ratio of 13.64x
  • OBE could be undervalued based on its P/B ratio of 0.47x, relative to Oil & Gas E&P industry P/B ratio of 1.91x
  • OBE may be undervalued based on its PEG ratio of 0.31x

You can do additional valuation research on OBE's stock here.

A quick look at OBE Financials

Signs that OBE is financially healthy:

  • OBE's operating cash flow of $245.51M allows it to safely service it's debt of $206.67M.
  • Total OBE debt is lower than 5 years ago, relative to shareholder equity.

Signs that OBE is not financially healthy:

  • OBE has a relatively high debt to equity ratio of 0.41.
  • OBE profit margin has gone down from 104.8% to 13.3% in the past year.
  • OBE earnings of $122.61M is not sufficient to cover its interest payments.
  • There are more short-term liabilities than short-term assets on the OBE balance sheet.
  • There are more long-term liabilities than short-term assets on the OBE balance sheet.

You can dive deeper into what analysts are projecting on the Obsidian Energy stock forecast page.

Metrics for Advanced OBE Traders

SMA10
7.18
SMA20
7.23
SMA50
7.77
SMA100
7.57
SMA200
7.55
MACD
-0.14
MACD Signal
-0.18
MACD Histogram
0.04
RSI
45.8
Stochastic %K
39.77
Stochastic %D
32.7
StochRSI %K
90.26
StochRSI %D
78.38

OBE Revenue

Last year, OBE earnings were $64.78M. During the last 2 year, OBE's earnings have gone up by -56.87% per year. This was slower than the Oil & Gas E&P industry average of 19.91%.

Last year, OBE revenue was $488.84M. Over the past 5 year, OBE's revenue has increased by 10.03% per year. This was slower than the Oil & Gas E&P industry average of 18.98%.

Dive into OBE's earnings and revenue performance here.

What are OBE executives and large shareholders up to?

In the past 12 months, executives and large shareholders at OBE have not bought or sold any shares.

Research more about who owns OBE shares here.

Does OBE provide a stable income stream?

No, Obsidian Energy doesn't provide an income stream by paying out dividends.

What others are saying about OBE

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Step 5: Execute your OBE buy order

You have two primary order types:

  • Market order: A market order is an order to buy or sell a security at the best price on the market.
    Market orders are generally sufficient.
  • Limit order: A limit order allows you to buy or sell a security at a specific price (or better).
    If you want to ensure you're buying or selling at a given price limit, use a limit order.

Click the Open Trade button and eToro will place your order.

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Step 6: Keep an eye on your OBE position

Now that you own some OBE shares, you'll want to stay up-to-date on your new investment.

Put OBE on a watchlist to get the latest updates about your OBE stock.

OBE Feed

How to Buy Stock in Obsidian Energy

To reiterate, here are the 6 steps for buying Obsidian Energy stock:

  1. Decide where to buy Obsidian Energy stock
  2. Open a brokerage account
  3. Deposit money your investment account
  4. Analyze Obsidian Energy stock
  5. Execute your OBE buy order
  6. Keep an eye on your OBE position

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If you would like to keep track of your new investment in Obsidian Energy, click below.

NYSEMKT: OBE
$7.22-0.10 (-1.37%)
Updated Jun 21, 2024
Open eToro Account
NYSEMKT: OBE
$7.22-0.10 (-1.37%)
Updated Jun 21, 2024
Open eToro Account

FAQ

How much does it cost to buy one Obsidian Energy share?

As of Jun 21, 2024, it costs $7.22 to buy one share of Obsidian Energy stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $3, you can buy 0.416 shares of OBE.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

What is the best way to buy Obsidian Energy stock?

One way to place an order for Obsidian Energy stock is with a brokerage account.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.