What Will Happen to Penn West Petroleum Ltd Next? The Stock Just Declined A Lot

 What Will Happen to Penn West Petroleum Ltd Next? The Stock Just Declined A Lot

The stock of Penn West Petroleum Ltd (TSE:PWT) is a huge mover today! About 135,049 shares traded hands. Penn West Petroleum Ltd (TSE:PWT) has risen 70.45% since April 12, 2016 and is uptrending. It has outperformed by 65.77% the S&P500.
The move comes after 9 months negative chart setup for the $1.17B company. It was reported on Nov, 16 by Barchart.com. We have $2.05 PT which if reached, will make TSE:PWT worth $81.90M less.

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 -30.45% below today’s ($2.2) stock price. Penn West Petroleum has been the topic of 27 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The rating was downgraded by Dundee Securities on Tuesday, January 12 to “Sell”. The stock of Penn West Petroleum Ltd (TSE:PWT) earned “Underperform” rating by Scotia Capital on Wednesday, September 2. The stock has “Underperform” rating given by Raymond James on Monday, June 6. As per Wednesday, September 2, the company rating was maintained by TD Securities. The firm has “Equal-Weight” rating by Barclays Capital given on Friday, July 22. The firm earned “Underperform” rating on Friday, January 29 by RBC Capital Markets. Scotia Capital maintained it with “Sector Perform” rating and $2.25 target price in Thursday, November 3 report. As per Friday, September 16, the company rating was upgraded by TD Securities.

More notable recent Penn West Petroleum Ltd (TSE:PWT) news were published by: Fool.ca which released: “Could Penn West Petroleum Ltd. Hit $5?” on October 24, 2016, also Fool.com with their article: “Penn West Petroleum Ltd.’s Stock Skyrockets After Asset Sale Announcements” published on June 13, 2016, Seekingalpha.com published: “Penn West Petroleum Management Is A Steal” on November 07, 2016. More interesting news about Penn West Petroleum Ltd (TSE:PWT) were released by: Fool.ca and their article: “Will Penn West Petroleum Ltd. Double?” published on October 28, 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 $1.17 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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