Obsidian Energy (OBE) Given Average Rating at Raymond James

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Raymond James reissued their average rating on shares of Obsidian Energy (NYSE:OBE) (TSE:PWT) in a report issued on Friday. Raymond James currently has a $2.00 price target on the oil and gas company’s stock.

Separately, ValuEngine upgraded shares of Obsidian Energy from a sell rating to a hold rating in a research note on Tuesday, October 2nd. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock has a consensus rating of Hold and an average price target of $1.65.

Shares of OBE traded down $0.06 during mid-day trading on Friday, reaching $0.62. The company had a trading volume of 1,570,703 shares, compared to its average volume of 701,488. Obsidian Energy has a 1-year low of $0.62 and a 1-year high of $1.44. The company has a current ratio of 0.46, a quick ratio of 0.46 and a debt-to-equity ratio of 0.19. The company has a market cap of $358.93 million, a P/E ratio of -4.77 and a beta of 4.37.

Obsidian Energy (NYSE:OBE) (TSE:PWT) last posted its quarterly earnings results on Thursday, November 8th. The oil and gas company reported ($0.05) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.02). Obsidian Energy had a negative net margin of 59.90% and a negative return on equity of 11.33%. The company had revenue of $94.88 million during the quarter. On average, equities analysts forecast that Obsidian Energy will post -0.39 EPS for the current year.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Pratt Collard Advisory Partners LLC boosted its stake in shares of Obsidian Energy by 7.8% in the 3rd quarter. Pratt Collard Advisory Partners LLC now owns 1,181,720 shares of the oil and gas company’s stock valued at $1,123,000 after purchasing an additional 85,150 shares in the last quarter. Hartree Partners LP acquired a new stake in Obsidian Energy during the 2nd quarter worth approximately $113,000. Adalta Capital Management LLC boosted its position in Obsidian Energy by 15.4% during the 2nd quarter. Adalta Capital Management LLC now owns 853,635 shares of the oil and gas company’s stock worth $965,000 after buying an additional 113,608 shares during the period. WealthTrust Axiom LLC boosted its position in Obsidian Energy by 31.3% during the 3rd quarter. WealthTrust Axiom LLC now owns 525,500 shares of the oil and gas company’s stock worth $499,000 after buying an additional 125,350 shares during the period. Finally, K.J. Harrison & Partners Inc acquired a new stake in Obsidian Energy during the 2nd quarter worth approximately $178,000. Institutional investors own 16.51% of the company’s stock.

About Obsidian Energy

Obsidian Energy Ltd. explores for, develops, and produces oil and natural gas in western Canada. The company primarily holds interests in the Cardium development area that covers an area of approximately 450 net sections of developed and undeveloped land located in west central Alberta; Peace River development area covering an area of 235 net sections of developed and undeveloped land located in northwestern Alberta; and Viking development area that covers an area of approximately 170 net sections of developed and undeveloped land located in Eastern Alberta.

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