Moors & Cabot Inc. boosted its holdings in shares of Obsidian Energy Ltd (NYSE:OBE) (TSE:PWT) by 81.5% in the first quarter, HoldingsChannel.com reports. The fund owned 118,000 shares of the oil and gas company’s stock after acquiring an additional 53,000 shares during the quarter. Moors & Cabot Inc.’s holdings in Obsidian Energy were worth $32,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Beacon Pointe Wealth Advisors LLC purchased a new position in Obsidian Energy during the 4th quarter valued at $37,000. IHT Wealth Management LLC purchased a new position in Obsidian Energy during the 4th quarter valued at $40,000. Grace & White Inc. NY boosted its holdings in Obsidian Energy by 150.7% during the 1st quarter. Grace & White Inc. NY now owns 1,007,434 shares of the oil and gas company’s stock valued at $277,000 after acquiring an additional 605,584 shares during the period. Deutsche Bank AG boosted its holdings in Obsidian Energy by 1,840.7% during the 4th quarter. Deutsche Bank AG now owns 1,229,637 shares of the oil and gas company’s stock valued at $495,000 after acquiring an additional 1,166,276 shares during the period. Finally, Adalta Capital Management LLC boosted its holdings in Obsidian Energy by 43.9% during the 4th quarter. Adalta Capital Management LLC now owns 1,579,750 shares of the oil and gas company’s stock valued at $635,000 after acquiring an additional 481,615 shares during the period. Institutional investors own 16.92% of the company’s stock.

Shares of NYSE OBE opened at $0.29 on Friday. The company has a quick ratio of 0.40, a current ratio of 0.46 and a debt-to-equity ratio of 0.29. Obsidian Energy Ltd has a twelve month low of $0.26 and a twelve month high of $1.24.

Obsidian Energy (NYSE:OBE) (TSE:PWT) last issued its earnings results on Friday, May 10th. The oil and gas company reported ($0.08) earnings per share for the quarter, meeting the Zacks’ consensus estimate of ($0.08). The business had revenue of $77.47 million during the quarter. Obsidian Energy had a negative return on equity of 14.03% and a negative net margin of 69.98%. Analysts expect that Obsidian Energy Ltd will post -0.18 EPS for the current fiscal year.

A number of equities analysts recently issued reports on the company. Zacks Investment Research upgraded Obsidian Energy from a “sell” rating to a “hold” rating in a report on Wednesday, April 17th. AltaCorp Capital cut Obsidian Energy from an “outperform” rating to a “sector perform” rating in a report on Friday, March 8th. Desjardins restated a “hold” rating and set a $0.75 price objective on shares of Obsidian Energy in a report on Tuesday, February 12th. Raymond James lowered Obsidian Energy from an “outperform” rating to a “mkt perform” rating in a research report on Friday, March 8th. Finally, Scotiabank lowered Obsidian Energy to a “sell” rating in a research report on Friday, March 8th. Two analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $0.88.

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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.

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Institutional Ownership by Quarter for Obsidian Energy (NYSE:OBE)

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