Citadel Advisors LLC Sells 163,851 Shares of Obsidian Energy Ltd (NYSE:OBE)

Citadel Advisors LLC trimmed its position in Obsidian Energy Ltd (NYSE:OBE) (TSE:PWT) by 77.3% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 48,076 shares of the oil and gas company’s stock after selling 163,851 shares during the period. Citadel Advisors LLC owned 0.07% of Obsidian Energy worth $57,000 at the end of the most recent reporting period.

Separately, BlackRock Inc. purchased a new stake in shares of Obsidian Energy during the 2nd quarter valued at $144,000. 11.61% of the stock is currently owned by hedge funds and other institutional investors.

Several research firms have recently weighed in on OBE. BMO Capital Markets lowered their price objective on shares of Obsidian Energy from $1.50 to $1.25 and set an “underperform” rating on the stock in a research report on Thursday, August 29th. CIBC restated a “hold” rating and set a $1.50 price objective on shares of Obsidian Energy in a research report on Tuesday, June 25th. Raymond James cut shares of Obsidian Energy from a “market perform” rating to an “underperform” rating in a research report on Tuesday, September 10th. Zacks Investment Research upgraded shares of Obsidian Energy from a “sell” rating to a “hold” rating in a research report on Tuesday. Finally, ValuEngine upgraded shares of Obsidian Energy from a “sell” rating to a “hold” rating in a research report on Thursday, August 1st. Three investment analysts have rated the stock with a sell rating and five have given a hold rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $1.15.

Obsidian Energy stock opened at $0.67 on Friday. The firm’s fifty day moving average price is $0.91 and its 200-day moving average price is $0.74. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.32 and a current ratio of 0.32. The stock has a market cap of $48.91 million, a P/E ratio of -0.23 and a beta of 3.19. Obsidian Energy Ltd has a fifty-two week low of $0.59 and a fifty-two week high of $6.16.

Obsidian Energy (NYSE:OBE) (TSE:PWT) last posted its quarterly earnings data on Wednesday, August 14th. The oil and gas company reported ($0.61) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.05) by ($0.56). The company had revenue of $76.26 million for the quarter. Obsidian Energy had a negative net margin of 87.22% and a negative return on equity of 13.95%. On average, analysts predict that Obsidian Energy Ltd will post -2.75 earnings per share for the current year.

Obsidian Energy 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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