Public Employees Retirement System of Ohio Purchases New Position in Obsidian Energy Ltd $OBE

Public Employees Retirement System of Ohio acquired a new stake in Obsidian Energy Ltd (NYSEAMERICAN:OBE) (TSE:PWT) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 86,600 shares of the oil and gas company’s stock, valued at approximately $820,000. Public Employees Retirement System of Ohio owned approximately 0.13% of Obsidian Energy at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the company. Royal Bank of Canada lifted its holdings in shares of Obsidian Energy by 57.4% in the 4th quarter. Royal Bank of Canada now owns 3,382,597 shares of the oil and gas company’s stock valued at $20,734,000 after purchasing an additional 1,233,804 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its stake in Obsidian Energy by 137.8% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 2,996,167 shares of the oil and gas company’s stock worth $28,463,000 after buying an additional 1,736,064 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Obsidian Energy by 5.2% during the first quarter. Dimensional Fund Advisors LP now owns 1,369,948 shares of the oil and gas company’s stock worth $12,973,000 after buying an additional 67,919 shares during the period. Goldman Sachs Group Inc. increased 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. Finally, UBS Group AG increased its position in Obsidian Energy by 460.2% during the third quarter. UBS Group AG now owns 491,153 shares of the oil and gas company’s stock worth $3,212,000 after buying an additional 403,486 shares during the period. Hedge funds and other institutional investors own 13.51% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on OBE. Royal Bank Of Canada increased their price objective on Obsidian Energy from $14.00 to $18.00 and gave the company a “sector perform” rating in a report on Monday, May 11th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Obsidian Energy in a report on Tuesday, June 2nd. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $18.00.

Obsidian Energy Stock Down 5.2%

Shares of NYSEAMERICAN:OBE opened at $10.16 on Tuesday. The company has a market cap of $678.28 million, a price-to-earnings ratio of 36.29 and a beta of 0.15. The firm’s 50-day simple moving average is $9.78 and its 200-day simple moving average is $9.52. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.25. Obsidian Energy Ltd has a fifty-two week low of $5.44 and a fifty-two week high of $14.59.

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.