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

Versor Investments LP purchased a new position in shares of Obsidian Energy Ltd (NYSEAMERICAN:OBE) (TSE:PWT) during the fourth quarter, HoldingsChannel.com reports. The fund purchased 44,200 shares of the oil and gas company’s stock, valued at approximately $271,000.

A number of other large investors also recently bought and sold shares of the stock. JPMorgan Chase & Co. raised its stake in Obsidian Energy by 3,092.4% during the third quarter. JPMorgan Chase & Co. now owns 144,966 shares of the oil and gas company’s stock worth $1,029,000 after purchasing an additional 140,425 shares during the period. PharVision Advisers LLC purchased a new position in Obsidian Energy during the third quarter worth approximately $187,000. Quarry LP purchased a new position in Obsidian Energy during the third quarter worth approximately $31,000. Qube Research & Technologies Ltd raised its stake in Obsidian Energy by 472.6% during the third quarter. Qube Research & Technologies Ltd now owns 57,959 shares of the oil and gas company’s stock worth $379,000 after purchasing an additional 47,837 shares during the period. Finally, Aquatic Capital Management LLC purchased a new position in Obsidian Energy during the third quarter worth approximately $183,000. Hedge funds and other institutional investors own 13.51% of the company’s stock.

Obsidian Energy Stock Performance

Shares of OBE stock opened at $13.47 on Friday. The company’s fifty day simple moving average is $10.45 and its 200-day simple moving average is $7.90. Obsidian Energy Ltd has a 52 week low of $4.58 and a 52 week high of $14.59. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.18. The company has a market cap of $897.24 million, a PE ratio of -1,347.00 and a beta of 0.30.

Analysts Set New Price Targets

OBE has been the topic of a number of recent analyst reports. Raymond James Financial raised shares of Obsidian Energy from a “hold” rating to a “moderate buy” rating in a research note on Monday, March 30th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Obsidian Energy in a research note 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 stock a “sector perform” rating in a research note on Monday, May 11th. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, Obsidian Energy has an average rating of “Moderate Buy” and a consensus target price of $18.00.

About Obsidian Energy

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.