The stock of Penn West Petroleum Ltd (TSE:PWT) is a huge mover today! About 758,173 shares traded hands. Penn West Petroleum Ltd (TSE:PWT) has risen 84.75% since March 24, 2016 and is uptrending. It has outperformed by 81.27% the S&P500.
The move comes after 5 months negative chart setup for the $1.05 billion company. It was reported on Oct, 31 by Barchart.com. We have $1.95 PT which if reached, will make TSE:PWT worth $84.00 million less.
Penn West Petroleum Ltd (TSE:PWT) Ratings Coverage
Out of 6 analysts covering Penn West Petroleum (TSE:PWT), 0 rate it a “Buy”, 3 “Sell”, while 3 “Hold”. This means 0 are positive. Penn West Petroleum has been the topic of 25 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The stock of Penn West Petroleum Ltd (TSE:PWT) has “Equal-Weight” rating given on Friday, July 22 by Barclays Capital. The rating was maintained by RBC Capital Markets with “Underperform” on Friday, January 29. The firm has “Underperform” rating given on Wednesday, September 2 by Scotia Capital. On Friday, September 16 the stock rating was upgraded by TD Securities to “Hold”. Dundee Securities downgraded it to “Sell” rating and $0.55 target price in Tuesday, January 12 report. The rating was maintained by Raymond James on Monday, June 6 with “Underperform”. TD Securities maintained Penn West Petroleum Ltd (TSE:PWT) on Wednesday, September 2 with “Reduce” rating.
More notable recent Penn West Petroleum Ltd (TSE:PWT) news were published by: Seekingalpha.com which released: “Why Penn West Petroleum Investors Should Expect More Gains” on October 31, 2016, also Fool.ca with their article: “Will Penn West Petroleum Ltd. Double?” published on October 28, 2016, Fool.ca published: “Could Penn West Petroleum Ltd. Hit $5?” on October 24, 2016. More interesting news about Penn West Petroleum Ltd (TSE:PWT) were released by: Fool.ca and their article: “Baytex Energy Corp. vs Penn West Petroleum Ltd.: Which Oil Stock Is More …” published on October 26, 2016 as well as Fool.com‘s news article titled: “Penn West Petroleum Ltd.’s Stock Skyrockets After Asset Sale Announcements” with publication date: June 13, 2016.
Penn West Petroleum Ltd. is an exploration and production company. The company has a market cap of $1.05 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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