Obsidian Energy (NYSE:OBE) (TSE:PWT) issued its quarterly earnings results on Friday. The oil and gas company reported ($0.08) EPS for the quarter, hitting the Zacks’ consensus estimate of ($0.08), MarketWatch Earnings reports. The firm had revenue of $77.47 million for the quarter. Obsidian Energy had a negative net margin of 70.22% and a negative return on equity of 14.07%.
Shares of NYSE:OBE traded up $0.03 during trading on Friday, reaching $0.33. The company had a trading volume of 1,972,907 shares, compared to its average volume of 939,921. The firm has a market capitalization of $167.36 million, a price-to-earnings ratio of -0.78 and a beta of 3.60. Obsidian Energy has a 12 month low of $0.26 and a 12 month high of $1.24. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.40 and a quick ratio of 0.40.
Several large investors have recently modified their holdings of OBE. Moors & Cabot Inc. increased its holdings in shares of Obsidian Energy by 81.5% in the 1st quarter. Moors & Cabot Inc. now owns 118,000 shares of the oil and gas company’s stock worth $32,000 after buying an additional 53,000 shares during the last quarter. Beacon Pointe Wealth Advisors LLC bought a new position in shares of Obsidian Energy during the 4th quarter valued at $37,000. IHT Wealth Management LLC bought a new position in shares of Obsidian Energy during the 4th quarter valued at $40,000. Grace & White Inc. NY grew its holdings in shares of 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 purchasing an additional 605,584 shares during the last quarter. Finally, Deutsche Bank AG grew its holdings in shares of 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 purchasing an additional 1,166,276 shares during the last quarter. 16.91% of the stock is currently owned by hedge funds and other institutional investors.
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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.
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