OBE Stock Summary and Trading Ideas (Obsidian Energy Ltd. Common Shares | AMEX:OBE)

Obsidian Energy Ltd is an intermediate-sized oil and gas producer with strategic assets in Alberta. It operates in a single reporting segment that is exploration, development, and holding an interest in oil and natural gas properties and related production infrastructure in the Western Canada Sedimentary Basin. The company generates the majority of the revenue from the Sale of Oil.

Obsidian Energy Ltd. Common Shares trades on the AMEX stock market under the symbol OBE.

As of August 18, 2026, OBE stock price climbed to $11.61 with 975,463 million shares trading.

OBE has a beta of -0.42, meaning it tends to be less sensitive to market movements. OBE has a correlation of 0.01 to the broad based SPY ETF.

OBE has a market cap of $775.28 million. This is considered a Small Cap stock.

In the last 3 years, OBE traded as high as $14.59 and as low as $3.88.

The top ETF exchange traded funds that OBE belongs to (by Net Assets): FCG, DISV, DFIS, DFAX, CCNR.

OBE has outperformed the market in the last year with a price return of +107.7% while the SPY ETF gained +20.4%. However, in the short term, OBE had mixed performance relative to the market. It has underperformed in the last 3 months, returning -13.8% vs +4.1% return in SPY. But in the last 2 weeks, OBE shares have fared better than the market returning +14.3% compared to SPY +1.3%.

OBE support price is $11.07 and resistance is $12.07 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that OBE shares will trade within this expected range on the day.