Headlines about Obsidian Energy (NYSE:OBE) (TSE:PWT) have been trending somewhat positive on Saturday, Accern reports. The research group identifies positive and negative press coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Obsidian Energy earned a news sentiment score of 0.19 on Accern’s scale. Accern also gave news coverage about the oil and gas company an impact score of 47.544514633021 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
A number of brokerages recently issued reports on OBE. Zacks Investment Research upgraded shares of Obsidian Energy from a “sell” rating to a “hold” rating in a research report on Wednesday, May 24th. Canaccord Genuity began coverage on shares of Obsidian Energy in a research report on Monday, June 5th. They set a “hold” rating on the stock. Finally, ValuEngine lowered shares of Obsidian Energy from a “hold” rating to a “sell” rating in a research report on Tuesday, June 13th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and one has assigned a buy rating to the stock. Obsidian Energy currently has an average rating of “Hold” and an average price target of $2.37.
Shares of Obsidian Energy (OBE) traded up 0.6642% during mid-day trading on Friday, reaching $0.8487. 3,075,943 shares of the company were exchanged. The firm’s market capitalization is $427.94 million. The company’s 50 day moving average price is $1.40 and its 200 day moving average price is $1.61. Obsidian Energy has a 12 month low of $0.83 and a 12 month high of $2.05.
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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