Obsidian Energy Ltd $OBE Shares Sold by UBS Group AG

UBS Group AG decreased its stake in Obsidian Energy Ltd (NYSEAMERICAN:OBE) (TSE:PWT) by 23.0% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 378,415 shares of the oil and gas company’s stock after selling 112,738 shares during the quarter. UBS Group AG owned approximately 0.51% of Obsidian Energy worth $2,320,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of OBE. Quarry LP acquired a new position in Obsidian Energy in the third quarter valued at approximately $31,000. Qube Research & Technologies Ltd acquired a new position in Obsidian Energy in the second quarter valued at approximately $56,000. Dynamic Technology Lab Private Ltd acquired a new position in Obsidian Energy in the third quarter valued at approximately $80,000. Aquatic Capital Management LLC acquired a new position in Obsidian Energy in the third quarter valued at approximately $183,000. Finally, PharVision Advisers LLC acquired a new position in Obsidian Energy in the third quarter valued at approximately $187,000. 13.51% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. BMO Capital Markets reissued an “outperform” rating on shares of Obsidian Energy in a report on Friday, May 8th. Raymond James Financial raised Obsidian Energy from a “hold” rating to a “moderate buy” rating in a report on Monday, March 30th. Finally, Royal Bank Of Canada boosted their price target on Obsidian Energy from $14.00 to $18.00 and gave the company a “sector perform” rating in a report on Monday, May 11th. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Obsidian Energy has an average rating of “Moderate Buy” and an average price target of $18.00.

Obsidian Energy Stock Performance

Shares of OBE stock opened at $11.04 on Thursday. The company has a market capitalization of $735.37 million, a P/E ratio of -1,104.00 and a beta of 0.30. The business’s 50 day moving average is $11.04 and its two-hundred day moving average is $8.28. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.18. Obsidian Energy Ltd has a 12-month low of $4.77 and a 12-month high of $14.59.

Obsidian Energy 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.