The stock of Penn West Petroleum Ltd (TSE:PWT) is a huge mover today! About 1.78M shares traded hands or 66.36% up from the average. Penn West Petroleum Ltd (TSE:PWT) has risen 102.73% since February 5, 2016 and is uptrending. It has outperformed by 86.24% the S&P500.
The move comes after 7 months negative chart setup for the $1.08B company. It was reported on Sep, 13 by Barchart.com. We have $1.94 PT which if reached, will make TSE:PWT worth $97.20M less.
Out of 4 analysts covering Penn West Petroleum (TSE:PWT), 0 rate it a “Buy”, 2 “Sell”, while 2 “Hold”. This means 0 are positive. Penn West Petroleum has been the topic of 13 analyst reports since September 16, 2015 according to StockzIntelligence Inc.
Penn West Petroleum Ltd. is an exploration and production company. The company has a market cap of $1.08 billion. The Firm operates in the segment of exploring for, developing and holding interests in oil and natural gas properties, and related production infrastructure in the Western Canada Sedimentary Basin directly and through investments in securities of subsidiaries holding such interests. It currently has negative earnings. Penn West owns the petroleum and natural gas assets or over 100% of the equity, directly or indirectly, of the entities that carry on the remainder of the oil and natural gas business of Penn West, except for an unincorporated joint arrangement (the Peace River Oil Partnership).
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