Obsidian Energy Return On Asset vs. Shares Owned By Insiders
| OBE Stock | USD 5.71 0.13 2.33% |
For Obsidian Energy profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Obsidian Energy to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Obsidian Energy utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Obsidian Energy's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Obsidian Energy over time as well as its relative position and ranking within its peers.
Obsidian |
Is Oil & Gas Exploration & Production space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Obsidian Energy. If investors know Obsidian will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Obsidian Energy listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.4 | Earnings Share 1.01 | Revenue Per Share 9.012 | Quarterly Revenue Growth 0.075 | Return On Assets 0.0519 |
The market value of Obsidian Energy is measured differently than its book value, which is the value of Obsidian that is recorded on the company's balance sheet. Investors also form their own opinion of Obsidian Energy's value that differs from its market value or its book value, called intrinsic value, which is Obsidian Energy's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Obsidian Energy's market value can be influenced by many factors that don't directly affect Obsidian Energy's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
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.
Obsidian Energy Shares Owned By Insiders vs. Return On Asset Fundamental Analysis
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. Obsidian Energy is rated below average in return on asset category among its peers. It is rated below average in shares owned by insiders category among its peers making about 52.93 of Shares Owned By Insiders per Return On Asset. Comparative valuation analysis is a catch-all technique that is used if you cannot value Obsidian Energy by discounting back its dividends or cash flows. It compares the stock's price multiples to nearest competition to determine if the stock is relatively undervalued or overvalued.Obsidian Shares Owned By Insiders vs. Return On Asset
Return on Asset or ROA shows how effective is the management of the company in generating income from utilizing all of the assets at their disposal. It is a useful ratio to evaluate the performance of different departments of a company as well as to understand management performance over time.
Obsidian Energy |
| = | 0.0519 |
Return on Asset measures overall efficiency of a company in generating profits from its total assets. It is expressed as the percentage of profits earned per dollar of Asset. A low ROA typically means that a company is asset-intensive and therefore will needs more money to continue generating revenue in the future.
Shares Owned by Insiders show the percentage of outstanding shares owned by insiders (such as principal officers or members of the board of directors) or private individuals and entities with over 5% of the total shares outstanding. Company executives or private individuals with access to insider information share information about a firm's operations that is not available to the general public.
Obsidian Energy |
| = | 2.75 % |
Although the research on effects of insider trading on prices and volatility is still relatively inconclusive, and investors are advised to pay close attention to the distribution of equities among company's stakeholders to avoid many problems associated with the disclosure of price-sensitive information.
Obsidian Shares Owned By Insiders Comparison
Obsidian Energy is currently under evaluation in shares owned by insiders category among its peers.
Obsidian Energy Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Obsidian Energy, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Obsidian Energy will eventually generate negative long term returns. The profitability progress is the general direction of Obsidian Energy's change in net profit over the period of time. It can combine multiple indicators of Obsidian Energy, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
| Last Reported | Projected for Next Year | ||
| Accumulated Other Comprehensive Income | 104.1 M | 99.4 M | |
| Operating Income | 374.2 M | 392.9 M | |
| Income Before Tax | 143.6 M | 150.8 M | |
| Total Other Income Expense Net | -230.6 M | -242.1 M | |
| Net Income | 108 M | 113.4 M | |
| Income Tax Expense | 35.6 M | 37.4 M | |
| Interest Income | 73.2 M | 72.2 M | |
| Net Income Applicable To Common Shares | 931.6 M | 978.2 M | |
| Net Interest Income | -31.3 M | -32.9 M | |
| Net Income From Continuing Ops | 108 M | 113.4 M | |
| Change To Netincome | -247.7 M | -235.3 M | |
| Net Income Per Share | 1.28 | 1.22 | |
| Income Quality | 3.27 | 3.43 | |
| Net Income Per E B T | 0.75 | 0.55 |
Obsidian Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Obsidian Energy. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Obsidian Energy position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Obsidian Energy's important profitability drivers and their relationship over time.
Use Obsidian Energy in pair-trading
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Obsidian Energy position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Obsidian Energy will appreciate offsetting losses from the drop in the long position's value.Obsidian Energy Pair Trading
Obsidian Energy Pair Trading Analysis
The ability to find closely correlated positions to Obsidian Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Obsidian Energy when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Obsidian Energy - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Obsidian Energy to buy it.
The correlation of Obsidian Energy is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Obsidian Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Obsidian Energy moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Obsidian Energy can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Use Investing Themes to Complement your Obsidian Energy position
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 Fabricated Products Thematic Idea Now
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Fama and French investing themes focus on testing asset pricing under different economic assumptions. The Fabricated Products theme has 11 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 Fabricated Products Theme or any other thematic opportunities.
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Check out Your Equity Center. For information on how to trade Obsidian Stock refer to our How to Trade Obsidian Stock guide.You can also try the Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.
To fully project Obsidian Energy's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Obsidian Energy at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include Obsidian Energy's income statement, its balance sheet, and the statement of cash flows.