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OBE.TO vs. SD
Performance
Return for Risk
Dividends
Drawdowns
Volatility
Financials

OBE.TO vs. SD

Last updated Apr 1, 2026

Compare and contrast key facts about Obsidian Energy Ltd. (OBE.TO) and SandRidge Energy, Inc. (SD).

Performance

OBE.TO vs. SD - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Obsidian Energy Ltd. (OBE.TO) and SandRidge Energy, Inc. (SD). The values are adjusted to include any dividend payments, if applicable.

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OBE.TO vs. SD - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
OBE.TO
Obsidian Energy Ltd.		57.01%0.72%-7.01%0.11%72.36%498.85%-6.45%-73.95%-67.31%-34.18%
SD
SandRidge Energy, Inc.		15.37%22.30%8.21%-10.22%74.41%234.37%-28.12%-47.02%-60.82%-16.23%
Different Trading Currencies

OBE.TO is traded in CAD, while SD is traded in USD. To make them comparable, the SD values have been converted to CAD using the latest available exchange rates.

Fundamentals

Market Cap

OBE.TO:

CA$889.37M

SD:

$601.97M

EPS

OBE.TO:

CA$0.50

SD:

$1.91

PE Ratio

OBE.TO:

26.22

SD:

8.55

PEG Ratio

OBE.TO:

2.39

SD:

0.75

PS Ratio

OBE.TO:

1.53

SD:

3.84

PB Ratio

OBE.TO:

0.64

SD:

1.18

Total Revenue (TTM)

OBE.TO:

CA$601.60M

SD:

$156.36M

Gross Profit (TTM)

OBE.TO:

CA$313.00M

SD:

$67.45M

EBITDA (TTM)

OBE.TO:

CA$272.00M

SD:

$97.12M

Returns By Period

In the year-to-date period, OBE.TO achieves a 57.01% return, which is significantly higher than SD's 15.37% return.

OBE.TO

1D
0.30%
1M
23.32%
YTD
57.01%
6M
45.76%
1Y
56.82%
3Y*
15.28%
5Y*
47.09%
10Y*
4.64%

SD

1D
-4.28%
1M
-4.45%
YTD
15.37%
6M
46.74%
1Y
43.29%
3Y*
17.53%
5Y*
44.43%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

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Obsidian Energy Ltd.

SandRidge Energy, Inc.

Often compared with OBE.TO:
OBE.TO vs. ATH.TOOBE.TO vs. WCP.TOOBE.TO vs. VOO
Often compared with SD:
SD vs. NVDASD vs. GPRKSD vs. VOOSD vs. PEPSD vs. XLESD vs. SPYSD vs. DVN

Return for Risk

OBE.TO vs. SD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
OBE.TO
OBE.TO Risk / Return Rank: 7272
Overall Rank
OBE.TO Sharpe Ratio Rank: 7777
Sharpe Ratio Rank
OBE.TO Sortino Ratio Rank: 7070
Sortino Ratio Rank
OBE.TO Omega Ratio Rank: 7070
Omega Ratio Rank
OBE.TO Calmar Ratio Rank: 7272
Calmar Ratio Rank
OBE.TO Martin Ratio Rank: 7474
Martin Ratio Rank
SD
SD Risk / Return Rank: 7777
Overall Rank
SD Sharpe Ratio Rank: 8080
Sharpe Ratio Rank
SD Sortino Ratio Rank: 7575
Sortino Ratio Rank
SD Omega Ratio Rank: 7171
Omega Ratio Rank
SD Calmar Ratio Rank: 8080
Calmar Ratio Rank
SD Martin Ratio Rank: 7878
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

OBE.TO vs. SD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Obsidian Energy Ltd. (OBE.TO) and SandRidge Energy, Inc. (SD). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

OBE.TOSDDifference

Sharpe ratio

Return per unit of total volatility

1.11

1.15

-0.04

Sortino ratio

Return per unit of downside risk

1.61

1.68

-0.07

Omega ratio

Gain probability vs. loss probability

1.22

1.20

+0.01

Calmar ratio

Return relative to maximum drawdown

1.56

1.87

-0.32

Martin ratio

Return relative to average drawdown

4.21

4.58

-0.36

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

OBE.TO vs. SD - Sharpe Ratio Comparison

The current OBE.TO Sharpe Ratio is 1.11, which is comparable to the SD Sharpe Ratio of 1.15. The chart below compares the historical Sharpe Ratios of OBE.TO and SD, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

OBE.TOSDDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.11

1.15

-0.04

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.84

0.94

-0.11

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.07

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

—

0.03

—

Correlation

The correlation between OBE.TO and SD is 0.40, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

OBE.TO vs. SD - Dividend Comparison

OBE.TO has not paid dividends to shareholders, while SD's dividend yield for the trailing twelve months is around 2.88%.

TTM20252024202320222021202020192018201720162015
OBE.TO
Obsidian Energy Ltd.		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%2.56%
SD
SandRidge Energy, Inc.		2.88%3.19%17.51%16.09%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Drawdowns

OBE.TO vs. SD - Drawdown Comparison

The maximum OBE.TO drawdown since its inception was -100.37%, roughly equal to the maximum SD drawdown of -96.84%. Use the drawdown chart below to compare losses from any high point for OBE.TO and SD.

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Drawdown Indicators

OBE.TOSDDifference

Max Drawdown

Largest peak-to-trough decline

-100.37%

-97.03%

-3.34%

Max Drawdown (1Y)

Largest decline over 1 year

-36.89%

-20.79%

-16.10%

Max Drawdown (5Y)

Largest decline over 5 years

-63.49%

-57.05%

-6.44%

Max Drawdown (10Y)

Largest decline over 10 years

-98.78%

—

—

Current Drawdown

Current decline from peak

-100.04%

-19.84%

-80.20%

Average Drawdown

Average peak-to-trough decline

-70.19%

-51.39%

-18.80%

Ulcer Index

Depth and duration of drawdowns from previous peaks

13.62%

8.82%

+4.80%

Volatility

OBE.TO vs. SD - Volatility Comparison

The current volatility for Obsidian Energy Ltd. (OBE.TO) is 8.18%, while SandRidge Energy, Inc. (SD) has a volatility of 10.55%. This indicates that OBE.TO experiences smaller price fluctuations and is considered to be less risky than SD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

OBE.TOSDDifference

Volatility (1M)

Calculated over the trailing 1-month period

8.18%

10.55%

-2.37%

Volatility (6M)

Calculated over the trailing 6-month period

29.46%

24.74%

+4.72%

Volatility (1Y)

Calculated over the trailing 1-year period

51.37%

37.90%

+13.47%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

56.76%

47.44%

+9.32%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

69.15%

64.86%

+4.29%

Financials

OBE.TO vs. SD - Financials Comparison

This section allows you to compare key financial metrics between Obsidian Energy Ltd. and SandRidge Energy, Inc.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.

Quarterly
Annual

Total Revenue: Total amount of money received from sales and other business activities

50.00M100.00M150.00M200.00M250.00M300.00MAprilJulyOctober2022AprilJulyOctober2023AprilJulyOctober2024AprilJulyOctober2025AprilJulyOctober
114.80M
39.40M
(OBE.TO) Total Revenue
(SD) Total Revenue
Please note, different currencies. OBE.TO values in CAD, SD values in USD

OBE.TO vs. SD - Profitability Comparison

The chart below illustrates the profitability comparison between Obsidian Energy Ltd. and SandRidge Energy, Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.
Gross Margin
Operating Margin
Net Margin
Quarterly
Annual
20.0%30.0%40.0%50.0%60.0%70.0%80.0%AprilJulyOctober2022AprilJulyOctober2023AprilJulyOctober2024AprilJulyOctober2025AprilJulyOctober
32.0%
15.8%
Portfolio components
OBE.TO - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Obsidian Energy Ltd. reported a gross profit of 36.70M and revenue of 114.80M. Therefore, the gross margin over that period was 32.0%.

SD - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, SandRidge Energy, Inc. reported a gross profit of 6.21M and revenue of 39.40M. Therefore, the gross margin over that period was 15.8%.

OBE.TO - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Obsidian Energy Ltd. reported an operating income of 29.80M and revenue of 114.80M, resulting in an operating margin of 26.0%.

SD - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, SandRidge Energy, Inc. reported an operating income of 8.48M and revenue of 39.40M, resulting in an operating margin of 21.5%.

OBE.TO - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Obsidian Energy Ltd. reported a net income of -12.30M and revenue of 114.80M, resulting in a net margin of -10.7%.

SD - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, SandRidge Energy, Inc. reported a net income of 21.64M and revenue of 39.40M, resulting in a net margin of 54.9%.