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

Key Points

• Public Employees Retirement System of Ohio acquired 139,940 shares of Obsidian Energy in the second quarter, valued at approximately $1.15 million and representing about 0.21% of the company.
• Several other institutional investors also initiated positions, bringing total institutional ownership of Obsidian Energy to 13.51%.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and an $18 price target; shares recently traded at $11.97, up 1.3%.

Public Employees Retirement System of Ohio purchased a new stake in Obsidian Energy Ltd (NYSEAMERICAN:OBE - Free Report) TSE: PWT in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 139,940 shares of the oil and gas company's stock, valued at approximately $1,145,000. Public Employees Retirement System of Ohio owned approximately 0.21% of Obsidian Energy as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in OBE. Quarry LP purchased a new stake in shares of Obsidian Energy during the third quarter valued at about $31,000. State of Wyoming purchased a new stake in shares of Obsidian Energy in the 1st quarter valued at $84,000. FNY Investment Advisers LLC purchased a new position in Obsidian Energy during the second quarter valued at approximately $81,000. Marks Group Wealth Management Inc purchased a new position in Obsidian Energy in the fourth quarter valued at $61,000. Finally, Qube Research & Technologies Ltd acquired a new stake in Obsidian Energy in the 2nd quarter valued at $56,000. 13.51% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, BMO Capital Markets reaffirmed an "outperform" rating on shares of Obsidian Energy in a report on Tuesday, June 2nd. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $18.00.

Obsidian Energy Stock Up 1.3%

NYSEAMERICAN:OBE opened at $11.97 on Wednesday. The stock's fifty day moving average is $10.25 and its two-hundred day moving average is $10.25. Obsidian Energy Ltd has a 52 week low of $5.44 and a 52 week high of $14.59. The stock has a market capitalization of $798.76 million, a price-to-earnings ratio of 42.75 and a beta of 0.18. 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 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.

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