Public Employees Retirement System of Ohio Makes New $1.15 Million Investment in Obsidian Energy Ltd $OBE

Public Employees Retirement System of Ohio purchased a new position in shares of Obsidian Energy Ltd (NYSEAMERICAN:OBE) (TSE:PWT) during the 2nd quarter, Holdings Channel.com reports. The institutional investor purchased 139,940 shares of the oil and gas company’s stock, valued at approximately $1,145,000.

Other large investors have also recently added to or reduced their stakes in the company. Quarry LP acquired a new stake in Obsidian Energy during the 3rd quarter valued at $31,000. State of Wyoming purchased a new stake in Obsidian Energy in the first quarter valued at approximately $84,000. FNY Investment Advisers LLC purchased a new stake in Obsidian Energy during the second quarter valued at about $81,000. Marks Group Wealth Management Inc acquired a new stake in shares of Obsidian Energy in the fourth quarter worth $61,000. Finally, Qube Research & Technologies Ltd purchased a new stake in shares of Obsidian Energy during the 2nd quarter valued at about $56,000. 13.51% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, BMO Capital Markets reissued an “outperform” rating on shares of Obsidian Energy in a research report on Tuesday, June 2nd. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Obsidian Energy currently has a consensus rating of “Moderate Buy” and a consensus price target of $18.00.

Obsidian Energy Stock Performance

OBE opened at $11.97 on Wednesday. The business has a 50 day moving average price of $10.25 and a two-hundred day moving average price of $10.25. Obsidian Energy Ltd has a 1-year low of $5.44 and a 1-year high of $14.59. The company 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 debt-to-equity ratio of 0.25, a current ratio of 0.78 and a quick ratio of 0.78.

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.