Obsidian Energy (TSE:OBE) Rating Increased to Hold at Royal Bank Of Canada

Royal Bank Of Canada upgraded shares of Obsidian Energy (TSE:OBE) to a hold rating in a research note released on Monday,Zacks.com reports.

Several other equities research analysts have also commented on OBE. Raymond James Financial upped their price target on shares of Obsidian Energy from C$14.00 to C$19.00 and gave the company an “outperform” rating in a report on Friday, April 24th. BMO Capital Markets upped their price target on shares of Obsidian Energy from C$10.00 to C$12.00 and gave the company an “outperform” rating in a report on Friday, February 20th. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, Obsidian Energy presently has a consensus rating of “Moderate Buy” and an average target price of C$13.67.

Obsidian Energy Price Performance

TSE:OBE opened at C$17.60 on Monday. Obsidian Energy has a one year low of C$6.42 and a one year high of C$19.83. The company has a debt-to-equity ratio of 19.51, a quick ratio of 0.41 and a current ratio of 0.58. The firm has a market cap of C$1.19 billion, a price-to-earnings ratio of 1,760.00, a PEG ratio of 0.08 and a beta of -0.21. The firm’s fifty day moving average is C$13.78 and its two-hundred day moving average is C$10.62.

Obsidian Energy (TSE:OBE) last posted its quarterly earnings results on Thursday, May 7th. The company reported C($0.27) EPS for the quarter. Obsidian Energy had a net margin of 0.21% and a return on equity of 0.08%. The business had revenue of C$138.50 million during the quarter. Research analysts expect that Obsidian Energy will post 1.5996205 EPS for the current year.

Insider Transactions at Obsidian Energy

In other news, Director Stephen Loukas bought 5,000 shares of the firm’s stock in a transaction on Friday, May 8th. The shares were bought at an average cost of C$17.26 per share, for a total transaction of C$86,300.00. Following the acquisition, the director directly owned 1,309,546 shares of the company’s stock, valued at C$22,602,763.96. This trade represents a 0.38% increase in their position. Also, insider Gareth Robin Sykes sold 7,850 shares of the firm’s stock in a transaction that occurred on Thursday, March 19th. The stock was sold at an average price of C$12.04, for a total transaction of C$94,514.00. Following the sale, the insider owned 132,244 shares of the company’s stock, valued at C$1,592,217.76. This represents a 5.60% decrease in their position. Insiders sold a total of 14,735 shares of company stock worth $178,579 over the last ninety days. 1.20% of the stock is currently owned by corporate insiders.

Obsidian Energy Company Profile

Obsidian Energy is an intermediate-sized oil and gas producer with a well-balanced portfolio of high-quality assets, primarily in the Peace River, Willesden Green and Viking areas in Alberta. The Company’s business is to explore for, develop and hold interests in oil and natural gas properties and related production infrastructure in the Western Canada Sedimentary Basin.