Scotia Capital Inc. Has $391,000 Stake in Obsidian Energy Ltd (OBE)
Scotia Capital Inc. trimmed its stake in Obsidian Energy Ltd (NYSE:OBE) (TSE:PWT) by 18.1% in the 4th quarter, HoldingsChannel reports. The firm owned 316,786 shares of the oil and gas company’s stock after selling 70,140 shares during the period. Scotia Capital Inc.’s holdings in Obsidian Energy were worth $391,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors also recently bought and sold shares of the company. OppenheimerFunds Inc. purchased a new stake in shares of Obsidian Energy in the 4th quarter worth $341,000. Virtu Financial LLC increased its stake in shares of Obsidian Energy by 184.5% in the 4th quarter. Virtu Financial LLC now owns 176,449 shares of the oil and gas company’s stock worth $219,000 after purchasing an additional 114,420 shares in the last quarter. Advisory Services Network LLC increased its stake in shares of Obsidian Energy by 600.0% in the 4th quarter. Advisory Services Network LLC now owns 485,100 shares of the oil and gas company’s stock worth $602,000 after purchasing an additional 415,800 shares in the last quarter. Pratt Collard Advisory Partners LLC purchased a new stake in shares of Obsidian Energy in the 4th quarter worth $1,171,000. Finally, Montrusco Bolton Investments Inc. purchased a new stake in shares of Obsidian Energy in the 4th quarter worth $1,195,000. Hedge funds and other institutional investors own 20.14% of the company’s stock.
Several equities research analysts have recently commented on the company. ValuEngine lowered Obsidian Energy from a “sell” rating to a “strong sell” rating in a research note on Sunday, December 31st. Zacks Investment Research upgraded Obsidian Energy from a “sell” rating to a “hold” rating in a research note on Thursday, November 16th. Royal Bank of Canada upped their price objective on Obsidian Energy from $1.45 to $1.71 and gave the stock a “sector perform” rating in a research note on Monday, November 13th. Finally, AltaCorp Capital upgraded Obsidian Energy from a “sector perform” rating to an “outperform” rating in a research note on Monday, November 13th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $1.86.
Obsidian Energy (NYSE:OBE) (TSE:PWT) last issued its earnings results on Wednesday, March 7th. The oil and gas company reported ($0.09) earnings per share for the quarter, missing the consensus estimate of ($0.07) by ($0.02). The firm had revenue of $93.70 million during the quarter. Obsidian Energy had a negative return on equity of 3.92% and a negative net margin of 19.20%. analysts expect that Obsidian Energy Ltd will post -0.23 earnings per share for the current fiscal year.
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Obsidian Energy Profile
Obsidian Energy Ltd, formerly Penn West Petroleum Ltd, is a Canada-based conventional oil and natural gas producer and development and production company. The Company operates a portfolio of opportunities with an oil position in the Cardium, Viking and Peace River areas of Alberta. The Alberta Viking area offers a mix of light-oil and gas with high-netback shorter cycle wells to complement longer cycle activities in the Cardium.
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