Stock Traders Purchase Large Volume of Obsidian Energy Call Options (NYSEAMERICAN:OBE)

Posted by Geri Gentry on Nov 4th, 2026

Obsidian Energy Ltd (NYSEAMERICAN:OBE – Get Free Report) (TSE:PWT) saw some unusual options trading on Tuesday. Investors purchased 5,152 call options on the company. This is an increase of approximately 76% compared to the typical daily volume of 2,921 call options.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in OBE. Royal Bank of Canada lifted its holdings in Obsidian Energy by 31.4% during the 1st quarter. Royal Bank of Canada now owns 4,444,416 shares of the oil and gas company’s stock worth $42,089,000 after buying an additional 1,061,819 shares in the last quarter. Bank of America Corp DE boosted its position in Obsidian Energy by 87.3% in the 1st quarter. Bank of America Corp DE now owns 642,321 shares of the oil and gas company’s stock valued at $6,083,000 after buying an additional 299,431 shares during the period. Arrowstreet Capital Limited Partnership boosted its position in Obsidian Energy by 137.8% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 2,996,167 shares of the oil and gas company’s stock valued at $28,463,000 after buying an additional 1,736,064 shares during the period. Public Employees Retirement System of Ohio acquired a new position in shares of Obsidian Energy in the second quarter worth $1,145,000. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Obsidian Energy in the second quarter worth $4,341,000. Hedge funds and other institutional investors own 13.51% of the company’s stock.

Obsidian Energy Stock Performance

NYSEAMERICAN OBE opened at $10.45 on Wednesday. The company has a market cap of $689.80 million, a P/E ratio of 37.04 and a beta of 0.31. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.78 and a quick ratio of 0.78. The stock has a 50-day moving average of $11.50 and a two-hundred day moving average of $10.14. Obsidian Energy has a 1-year low of $5.47 and a 1-year high of $14.59.

Analysts Set New Price Targets

Separately, Raymond James Financial restated an “outperform” rating on shares of Obsidian Energy in a research note on Wednesday, September 16th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $18.00.

Check Out Our Latest Stock Report on Obsidian Energy

Obsidian Energy Company Profile

(Get Free Report)

Obsidian Energy Ltd. is a Canadian oil and natural gas exploration and production company headquartered in Calgary, Alberta. The company develops and produces crude oil, natural gas and natural gas liquids from conventional and light-oil assets in the Western Canadian Sedimentary Basin.

Obsidian Energy’s operations are concentrated in Alberta and are organized around core operating areas that include the Cardium, Peace River and Clearwater regions. Its activities include acquiring and developing petroleum properties, drilling and completing wells, and managing production and field infrastructure.

The company was formerly known as Penn West Petroleum Ltd.