Cubist Systematic Strategies LLC Has $151,000 Position in Obsidian Energy Ltd (OBE)

Cubist Systematic Strategies LLC boosted its position in Obsidian Energy Ltd (NYSE:OBE) (TSE:PWT) by 73.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 144,176 shares of the oil and gas company’s stock after acquiring an additional 60,828 shares during the quarter. Cubist Systematic Strategies LLC’s holdings in Obsidian Energy were worth $151,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Toronto Dominion Bank acquired a new stake in Obsidian Energy in the second quarter valued at approximately $338,000. BlueCrest Capital Management Ltd acquired a new stake in Obsidian Energy in the second quarter valued at approximately $531,000. Adalta Capital Management LLC acquired a new stake in Obsidian Energy in the second quarter valued at approximately $829,000. Royal Bank of Canada acquired a new stake in Obsidian Energy in the second quarter valued at approximately $1,219,000. Finally, GMT Capital Corp acquired a new stake in Obsidian Energy in the third quarter valued at approximately $1,323,000. 19.91% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Obsidian Energy Ltd (NYSE:OBE) opened at $1.24 on Friday. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.15. Obsidian Energy Ltd has a 1-year low of $0.82 and a 1-year high of $1.98. The firm has a market cap of $627.53, a P/E ratio of -3.02 and a beta of 4.79.

A number of analysts have weighed in on the stock. ValuEngine cut shares of Obsidian Energy from a “sell” rating to a “strong sell” rating in a report on Sunday, December 31st. Raymond James Financial raised shares of Obsidian Energy from a “mkt perform” rating to an “outperform” rating in a report on Friday, November 10th. Zacks Investment Research raised shares of Obsidian Energy from a “sell” rating to a “hold” rating in a report on Thursday, November 16th. AltaCorp Capital raised shares of Obsidian Energy from a “sector perform” rating to an “outperform” rating in a report on Monday, November 13th. Finally, UBS Group raised shares of Obsidian Energy from a “market perform” rating to an “outperform” rating in a report on Friday, November 10th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $1.86.

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About Obsidian Energy

Obsidian Energy Ltd, formerly Penn West Petroleum Ltd, is a Canada-based conventional oil and natural gas producer and development and production company. The Company operates a portfolio of opportunities with an oil position in the Cardium, Viking and Peace River areas of Alberta. The Alberta Viking area offers a mix of light-oil and gas with high-netback shorter cycle wells to complement longer cycle activities in the Cardium.

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Institutional Ownership by Quarter for Obsidian Energy (NYSE:OBE)

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