The stock of PACIFIC EXPLORATION AND PRODUCTION CORP (TSE:PEN) hit a new 52-week low and has $50.26 target or 5.00% below today’s $52.90 share price. The 9 months bearish chart indicates high risk for the $2.70 billion company. The 1-year low was reported on Nov, 15 by Barchart.com. If the $50.26 price target is reached, the company will be worth $135.00M less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. About 45,671 shares traded hands or 83.17% up from the average. PACIFIC EXPLORATION AND PRODUCTION CORP (TSE:PEN) has risen 6.00% since October 16, 2016 and is uptrending. It has outperformed by 2.07% the S&P500.
More notable recent PACIFIC EXPLORATION AND PRODUCTION CORP (TSE:PEN) news were published by: Reuters.com which released: “BRIEF-Pacific Exploration And Production Corp completes restructuring tran…” on November 02, 2016, also Wsj.com with their article: “Pacific Exploration & Production Shareholders Move to Block Buyout Bid” published on April 09, 2016, Wsj.com published: “Pacific Exploration Postpones Board Meeting on Debt Restructuring” on April 11, 2016. More interesting news about PACIFIC EXPLORATION AND PRODUCTION CORP (TSE:PEN) were released by: Businesswire.com and their article: “EIG Proposes Restructuring of Pacific Exploration & Production Corp.” published on January 14, 2016 as well as Wsj.com‘s news article titled: “Pacific Exploration & Production Considering Six Buyout Offers” with publication date: March 16, 2016.
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