The stock of Penn West Petroleum Ltd (TSE:PWT) is a huge mover today! About 369,831 shares traded hands. Penn West Petroleum Ltd (TSE:PWT) has risen 63.16% since April 25, 2016 and is uptrending. It has outperformed by 57.90% the S&P500.
The move comes after 8 months negative chart setup for the $994.54M company. It was reported on Nov, 29 by Barchart.com. We have $1.95 PT which if reached, will make TSE:PWT worth $59.67M 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 -26.09% below today’s ($2.07) stock price. Penn West Petroleum has been the topic of 27 analyst reports since July 21, 2015 according to StockzIntelligence Inc. As per Friday, September 16, the company rating was upgraded by TD Securities. On Tuesday, January 12 the stock rating was downgraded by Dundee Securities to “Sell”. The firm earned “Underperform” rating on Monday, June 6 by Raymond James. The rating was upgraded by Barclays Capital on Friday, July 22 to “Equal-Weight”. The firm has “Sector Perform” rating given on Thursday, November 3 by Scotia Capital. The firm earned “Underperform” rating on Wednesday, September 2 by Scotia Capital. The firm earned “Underperform” rating on Friday, January 29 by RBC Capital Markets. TD Securities maintained Penn West Petroleum Ltd (TSE:PWT) rating on Wednesday, September 2. TD Securities has “Reduce” rating and $1.20 price target.
More notable recent Penn West Petroleum Ltd (TSE:PWT) news were published by: Business.Financialpost.com which released: “Connacher files for CCAA as Penn West Petroleum Ltd. warns it could default by …” on May 16, 2016, also Fool.ca with their article: “Could Penn West Petroleum Ltd. Hit $5?” published on October 24, 2016, Seekingalpha.com published: “Penn West Petroleum Is Making The Right Moves” on November 16, 2016. More interesting news about Penn West Petroleum Ltd (TSE:PWT) were released by: Fool.ca and their article: “Is Penn West Petroleum Ltd. Worth Buying?” published on October 21, 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 $994.54 million. 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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