Versor Investments LP Makes New $271,000 Investment in Obsidian Energy Ltd $OBE

Versor Investments LP bought a new position in shares of Obsidian Energy Ltd (NYSEAMERICAN:OBE) (TSE:PWT) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 44,200 shares of the oil and gas company’s stock, valued at approximately $271,000. Versor Investments LP owned 0.06% of Obsidian Energy at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in OBE. Goldman Sachs Group Inc. grew its position in Obsidian Energy by 11.5% during the first quarter. Goldman Sachs Group Inc. now owns 937,349 shares of the oil and gas company’s stock worth $5,493,000 after buying an additional 96,428 shares during the period. Jane Street Group LLC grew its position in Obsidian Energy by 52.3% during the first quarter. Jane Street Group LLC now owns 64,844 shares of the oil and gas company’s stock worth $380,000 after buying an additional 22,273 shares during the period. First Trust Advisors LP grew its position in Obsidian Energy by 38.7% during the second quarter. First Trust Advisors LP now owns 344,042 shares of the oil and gas company’s stock worth $1,909,000 after buying an additional 95,932 shares during the period. Qube Research & Technologies Ltd acquired a new position in Obsidian Energy during the second quarter worth about $56,000. Finally, Raymond James Financial Inc. grew its position in Obsidian Energy by 17.3% during the second quarter. Raymond James Financial Inc. now owns 203,809 shares of the oil and gas company’s stock worth $1,131,000 after buying an additional 30,039 shares during the period. 13.51% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

OBE has been the topic of several recent analyst reports. Raymond James Financial upgraded shares of Obsidian Energy from a “hold” rating to a “moderate buy” rating in a research report on Monday, March 30th. BMO Capital Markets reiterated an “outperform” rating on shares of Obsidian Energy in a research report on Friday, May 8th. Finally, Royal Bank Of Canada increased their price target on shares of Obsidian Energy from $14.00 to $18.00 and gave the company a “sector perform” rating in a research report on Monday, May 11th. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $18.00.

Obsidian Energy Stock Up 2.4%

Shares of NYSEAMERICAN OBE opened at $13.47 on Friday. Obsidian Energy Ltd has a 1 year low of $4.58 and a 1 year high of $14.59. The firm’s 50 day moving average price is $10.45 and its 200 day moving average price is $7.90. The firm has a market cap of $897.24 million, a P/E ratio of -1,347.00 and a beta of 0.30. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.58 and a current ratio of 0.58.

Obsidian Energy Company Profile

Obsidian Energy Ltd. explores for, develops, and produces oil and natural gas in western Canada. It holds interests in the Alberta Viking, Cardium, Deep Basin, and Peace River areas. The company was formerly known as Penn West Petroleum Ltd. and changed its name to Obsidian Energy Ltd. in June 2017. Obsidian Energy Ltd. was founded in 1979 and is headquartered in Calgary, Canada.