Dimensional Fund Advisors LP Acquires 67,919 Shares of Obsidian Energy Ltd $OBE

Dimensional Fund Advisors LP lifted its holdings in shares of Obsidian Energy Ltd (NYSEAMERICAN:OBE) (TSE:PWT) by 5.2% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 1,369,948 shares of the oil and gas company’s stock after purchasing an additional 67,919 shares during the period. Dimensional Fund Advisors LP’s holdings in Obsidian Energy were worth $12,973,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Caitong International Asset Management Co. Ltd raised its holdings in shares of Obsidian Energy by 1,209.9% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 11,632 shares of the oil and gas company’s stock valued at $71,000 after buying an additional 10,744 shares during the last quarter. XTX Topco Ltd bought a new stake in Obsidian Energy during the 4th quarter worth about $152,000. Quadrature Capital Ltd grew its holdings in Obsidian Energy by 402.0% during the 4th quarter. Quadrature Capital Ltd now owns 337,858 shares of the oil and gas company’s stock worth $2,075,000 after acquiring an additional 270,555 shares during the last quarter. Millennium Management LLC increased its position in Obsidian Energy by 80.3% in the 4th quarter. Millennium Management LLC now owns 487,895 shares of the oil and gas company’s stock valued at $2,994,000 after acquiring an additional 217,239 shares in the last quarter. Finally, Man Group plc acquired a new stake in Obsidian Energy in the 4th quarter valued at about $913,000. 13.51% of the stock is currently owned by institutional investors and hedge funds.

Obsidian Energy Stock Up 3.4%

Shares of Obsidian Energy stock opened at $9.91 on Friday. The business has a fifty day simple moving average of $9.65 and a 200 day simple moving average of $9.58. The stock has a market cap of $661.59 million, a PE ratio of 35.39 and a beta of 0.15. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.25. Obsidian Energy Ltd has a 12 month low of $5.44 and a 12 month high of $14.59.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on OBE shares. BMO Capital Markets reaffirmed an “outperform” rating on shares of Obsidian Energy in a research note on Tuesday, June 2nd. Royal Bank Of Canada increased their price target on shares of Obsidian Energy from $14.00 to $18.00 and gave the company a “sector perform” rating in a research note on Monday, May 11th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, Obsidian Energy presently has a consensus rating of “Moderate Buy” and a consensus target price of $18.00.

About Obsidian Energy

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. was founded in 1979 and is headquartered in Calgary, Canada.