Can Penn West Petroleum Ltd’s Tomorrow Be Different? The Stock Increases Again

 Can Penn West Petroleum Ltd's Tomorrow Be Different? The Stock Increases Again

The stock of Penn West Petroleum Ltd (TSE:PWT) is a huge mover today! About 785,851 shares traded hands. Penn West Petroleum Ltd (TSE:PWT) has risen 71.43% since March 30, 2016 and is uptrending. It has outperformed by 70.21% the S&P500.
The move comes after 9 months positive chart setup for the $1.01B company. It was reported on Nov, 3 by Barchart.com. We have $2.86 PT which if reached, will make TSE:PWT worth $363.60M more.

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. $2.75 is the highest target while $0.55 is the lowest. The $1.38 average target is -34.29% below today’s ($2.1) stock price. Penn West Petroleum has been the topic of 25 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The firm has “Equal-Weight” rating given on Friday, July 22 by Barclays Capital. The company was upgraded on Friday, September 16 by TD Securities. The company was maintained on Wednesday, September 2 by Scotia Capital. The stock of Penn West Petroleum Ltd (TSE:PWT) earned “Sell” rating by Dundee Securities on Tuesday, January 12. Raymond James maintained Penn West Petroleum Ltd (TSE:PWT) on Monday, June 6 with “Underperform” rating. The firm has “Underperform” rating by RBC Capital Markets given on Friday, January 29. The rating was maintained by TD Securities on Wednesday, September 2 with “Reduce”.

More notable recent Penn West Petroleum Ltd (TSE:PWT) news were published by: Fool.ca which released: “Will Penn West Petroleum Ltd. Double?” on October 28, 2016, also Cbc.ca with their article: “Penn West reduces Q3 loss to $232M, adjusts outlook in line with asset sales” published on November 02, 2016, Seekingalpha.com published: “Penn West Petroleum’s (PWE) CEO David French on Q3 2016 Results – Earnings …” on November 03, 2016. More interesting news about Penn West Petroleum Ltd (TSE:PWT) were released by: Fool.ca and their article: “Could Penn West Petroleum Ltd. Hit $5?” published on October 24, 2016 as well as Fool.ca‘s news article titled: “Baytex Energy Corp. vs Penn West Petroleum Ltd.: Which Oil Stock Is More …” with publication date: October 26, 2016.

Penn West Petroleum Ltd. is an exploration and production company. The company has a market cap of $1.01 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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