Obsidian Energy Ltd. (OBE): A Detailed Look at its Institutional Ownership

Obsidian Energy Ltd. (NYSE:OBE) produced a 49.58% rally since recording the worst price of $0.82. Thanks to the latest 5.17% increase, it now trades at $1.22. Throughout the trading on 11/15/2017, the share price floated between $1.105 and $1.23. This company shares are 1.64% off its target price of $1.24 and the current market capitalization stands at $605.46M. The recent change has given its price a 14.88% lead over SMA 50 and -40.49% deficit over its 52-week high. The stock witnessed 18.45% gains, 44.7% gains and -19.74% declines for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found OBE’s volatility during a week at 7.41% and during a month it has been found around 5.72%.

Obsidian Energy Ltd. (OBE) Top Holders

Institutional investors currently hold around $122 million or 32.1% in OBE stock. Look at its top three institutional owners. Frontfour Capital Group Llc owns $21.05 million in Obsidian Energy Ltd., which represents roughly 3.48% of the company’s market cap and approximately 17.26% of the institutional ownership. Similar statistics are true for the second largest owner, Fiera Capital Corp, which owns 16,529,840 shares of the stock are valued at $19.18 million. The third largest holder is Contrarius Investment Management Ltd, which currently holds $15.95 million worth of this stock and that ownership represents nearly 2.63% of its market capitalization.

Obsidian Energy Ltd. 13F Filings

At the end of 06/30/2017 reporting period, 53 institutional holders increased their position in Obsidian Energy Ltd. (NYSE:OBE) by some 18,570,073 shares, 38 decreased positions by 1,859,046 and 39 held positions by 84,527,311. That puts total institutional holdings at 104,956,430 shares, according to SEC filings. The stock grabbed 24 new institutional investments totaling 6,411,878 shares while 8 institutional investors sold out their entire positions totaling 291,522 shares.

Obsidian Energy Ltd. (NYSE:OBE) Insider Trades

Multiple company employees have indulged in significant insider trading. Obsidian Energy Ltd. disclosed in a document filed with the US Securities and Exchange Commission (SEC) that Financial Investor Ho Cheuk Fund has sold 1,190,600 shares of Obsidian Energy Ltd. (OBE) in trading session dated Oct. 19, 2016. These shares are worth $2,143,080 and were traded at $1.8 each. The SEC filing shows that Ho Cheuk Fund performed a sale of 335,544 shares. The Financial Investor disposed these shares by way of transaction on Oct. 17, 2016. The company’s shares were given away at $1.82 per share worth to an income of some $610,690 on account of Ho Cheuk Fund.

Financial Investor, Ho Cheuk Fund, sold 1,044,900 common shares of Obsidian Energy Ltd. (OBE) in the open market. In a transaction dated Oct. 14, 2016, the shares were put up for sale at an average price of $1.9, raking in a sum of $1,985,310. After this sale, 34,290,677 common shares of OBE are directly owned by the insider, with total stake valued at $41,834,626.

In the transaction dated Oct. 13, 2016, the great number of shares disposed came courtesy the Financial Investor; Ho Cheuk Fund disposed a total of 1,020,000 shares at an average price of $1.83, amounting to approximately $1,866,600. The insider now directly owns 35,335,577 shares worth $43,109,404.

Obsidian Energy Ltd. (OBE) Analyst Guide

Several analysts have released their opinion on Obsidian Energy Ltd. (NYSE:OBE), with 1 analysts believing it is a strong buy. Whereas 5 of them predict the stock is a hold. Also, there are 1 buy, 0 sell and 0 strong sell ratings, collectively assigning a 2.57 average brokerage recommendation.

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