Obsidian Energy Ltd (NYSE:OBE) (TSE:PWT)’s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $0.83 and traded as high as $0.94. Obsidian Energy shares last traded at $0.88, with a volume of 1,460 shares trading hands.

Separately, Zacks Investment Research raised shares of Obsidian Energy from a “sell” rating to a “hold” rating in a research report on Friday, October 25th. Three research analysts have rated the stock with a sell rating and five have given a hold rating to the stock. Obsidian Energy has a consensus rating of “Hold” and a consensus price target of $0.94.

The company’s 50-day moving average is $0.73 and its two-hundred day moving average is $0.83. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.01 and a quick ratio of 1.01. The firm has a market cap of $68.75 million, a P/E ratio of -0.24 and a beta of 3.26.

Obsidian Energy (NYSE:OBE) (TSE:PWT) last posted its quarterly earnings data on Monday, November 4th. The oil and gas company reported ($0.29) earnings per share for the quarter. Obsidian Energy had a negative return on equity of 14.49% and a negative net margin of 93.54%. The firm had revenue of $71.20 million for the quarter.

An institutional investor recently bought a new position in Obsidian Energy stock. BlackRock Inc. acquired a new position in shares of Obsidian Energy Ltd (NYSE:OBE) (TSE:PWT) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 120,754 shares of the oil and gas company’s stock, valued at approximately $144,000. BlackRock Inc. owned 0.17% of Obsidian Energy as of its most recent SEC filing. 11.07% of the stock is owned by institutional investors and hedge funds.

Obsidian Energy Company Profile (NYSE:OBE)

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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