Penn West Petroleum Ltd Stock Is Rising Now

 Penn West Petroleum Ltd Stock Is Rising Now

The stock of Penn West Petroleum Ltd (TSE:PWT) is a huge mover today! About 368,149 shares traded hands. Penn West Petroleum Ltd (TSE:PWT) has risen 76.03% since April 11, 2016 and is uptrending. It has outperformed by 72.11% the S&P500.
The move comes after 5 months positive chart setup for the $1.15 billion company. It was reported on Nov, 15 by Barchart.com. We have $3.59 PT which if reached, will make TSE:PWT worth $701.50M more.

Penn West Petroleum Ltd (TSE:PWT) Ratings Coverage

Out of 7 analysts covering Penn West Petroleum (TSE:PWT), 0 rate it a “Buy”, 3 “Sell”, while 4 “Hold”. This means 0 are positive. $2.75 is the highest target while $0.55 is the lowest. The $1.53 average target is -31.39% below today’s ($2.23) stock price. Penn West Petroleum has been the topic of 27 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The firm earned “Underperform” rating on Monday, June 6 by Raymond James. The rating was maintained by TD Securities with “Reduce” on Wednesday, September 2. The rating was maintained by Scotia Capital with “Sector Perform” on Thursday, November 3. The stock has “Underperform” rating given by Scotia Capital on Wednesday, September 2. On Friday, January 29 the stock rating was maintained by RBC Capital Markets with “Underperform”. Barclays Capital upgraded the stock to “Equal-Weight” rating in Friday, July 22 report. The stock of Penn West Petroleum Ltd (TSE:PWT) earned “Hold” rating by TD Securities on Friday, September 16. Dundee Securities downgraded Penn West Petroleum Ltd (TSE:PWT) on Tuesday, January 12 to “Sell” rating.

More notable recent Penn West Petroleum Ltd (TSE:PWT) news were published by: Fool.com which released: “Penn West Petroleum Ltd.’s Stock Skyrockets After Asset Sale Announcements” on June 13, 2016, also Seekingalpha.com with their article: “Penn West Petroleum Management Is A Steal” published on November 07, 2016, Fool.ca published: “Is Penn West Petroleum Ltd. Worth Buying?” on October 21, 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 Business.Financialpost.com‘s news article titled: “Penn West Petroleum Ltd asset sale draws at least four bids: sources” with publication date: June 08, 2016.

Penn West Petroleum Ltd. is an exploration and production company. The company has a market cap of $1.15 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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