Raymond James reaffirmed their average rating on shares of Obsidian Energy (NYSE:OBE) (TSE:PWT) in a report issued on Friday morning. Raymond James currently has a $2.00 target price on the oil and gas company’s stock.
Separately, ValuEngine upgraded shares of Obsidian Energy from a sell rating to a hold rating in a report on Tuesday, October 2nd. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company currently has a consensus rating of Hold and an average price target of $1.65.
Obsidian Energy stock traded down $0.06 during mid-day trading on Friday, hitting $0.62. 1,570,703 shares of the stock were exchanged, compared to its average volume of 701,488. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.46 and a current ratio of 0.46. Obsidian Energy has a 12 month low of $0.62 and a 12 month high of $1.44. The firm has a market cap of $358.93 million, a price-to-earnings ratio of -4.77 and a beta of 4.37.
Obsidian Energy (NYSE:OBE) (TSE:PWT) last released its quarterly earnings results on Thursday, November 8th. The oil and gas company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.02). Obsidian Energy had a negative return on equity of 11.33% and a negative net margin of 59.90%. The firm had revenue of $94.88 million for the quarter. As a group, equities research analysts predict that Obsidian Energy will post -0.39 EPS for the current fiscal year.
Large investors have recently added to or reduced their stakes in the company. Hartree Partners LP bought a new stake in shares of Obsidian Energy in the 2nd quarter valued at $113,000. K.J. Harrison & Partners Inc bought a new stake in shares of Obsidian Energy in the 2nd quarter valued at $178,000. WealthTrust Axiom LLC increased its stake in shares of Obsidian Energy by 31.3% in the 3rd quarter. WealthTrust Axiom LLC now owns 525,500 shares of the oil and gas company’s stock valued at $499,000 after acquiring an additional 125,350 shares in the last quarter. Adalta Capital Management LLC increased its stake in shares of Obsidian Energy by 15.4% in the 2nd quarter. Adalta Capital Management LLC now owns 853,635 shares of the oil and gas company’s stock valued at $965,000 after acquiring an additional 113,608 shares in the last quarter. Finally, Pratt Collard Advisory Partners LLC increased its stake in shares of Obsidian Energy by 7.8% in the 3rd quarter. Pratt Collard Advisory Partners LLC now owns 1,181,720 shares of the oil and gas company’s stock valued at $1,123,000 after acquiring an additional 85,150 shares in the last quarter. Institutional investors own 16.51% of the company’s stock.
Obsidian Energy Company Profile
Obsidian Energy Ltd. explores for, develops, and produces oil and natural gas in western Canada. The company primarily holds interests in the Cardium development area that covers an area of approximately 450 net sections of developed and undeveloped land located in west central Alberta; Peace River development area covering an area of 235 net sections of developed and undeveloped land located in northwestern Alberta; and Viking development area that covers an area of approximately 170 net sections of developed and undeveloped land located in Eastern Alberta.
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