A Reversal for Penn West Petroleum Ltd Is Not Near. The Stock Rises Again

 A Reversal for Penn West Petroleum Ltd Is Not Near. The Stock Rises Again

The stock of Penn West Petroleum Ltd (TSE:PWT) is a huge mover today! About 585,457 shares traded hands. Penn West Petroleum Ltd (TSE:PWT) has risen 55.88% since April 26, 2016 and is uptrending. It has outperformed by 50.66% the S&P500.
The move comes after 8 months positive chart setup for the $1.13B company. It was reported on Nov, 30 by Barchart.com. We have $2.42 PT which if reached, will make TSE:PWT worth $56.50M 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 -33.48% below today’s ($2.3) stock price. Penn West Petroleum has been the topic of 27 analyst reports since July 21, 2015 according to StockzIntelligence Inc. On Wednesday, September 2 the stock rating was maintained by TD Securities with “Reduce”. The stock has “Equal-Weight” rating given by Barclays Capital on Friday, July 22. As per Friday, September 16, the company rating was upgraded by TD Securities. The stock of Penn West Petroleum Ltd (TSE:PWT) has “Underperform” rating given on Wednesday, September 2 by Scotia Capital. Raymond James maintained the stock with “Underperform” rating in Monday, June 6 report. The firm has “Underperform” rating given on Friday, January 29 by RBC Capital Markets. On Tuesday, January 12 the stock rating was downgraded by Dundee Securities to “Sell”. The stock has “Sector Perform” rating given by Scotia Capital on Thursday, November 3.

More notable recent Penn West Petroleum Ltd (TSE:PWT) news were published by: Seekingalpha.com which released: “OPEC Controls Penn West’s Fate” on November 27, 2016, also Business.Financialpost.com with their article: “Connacher files for CCAA as Penn West Petroleum Ltd. warns it could default by …” published on May 16, 2016, Fool.ca published: “Could Penn West Petroleum Ltd. Hit $5?” on October 24, 2016. More interesting news about Penn West Petroleum Ltd (TSE:PWT) were released by: Seekingalpha.com and their article: “Penn West Petroleum Is Making The Right Moves” published on November 16, 2016 as well as Fool.ca‘s news article titled: “Is Penn West Petroleum Ltd. Worth Buying?” with publication date: October 21, 2016.

Penn West Petroleum Ltd. is an exploration and production company. The company has a market cap of $1.13 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).

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Related posts

Leave a Comment