Penn West Petroleum (TSE:PWT) target price raised to $2.25, reported today by TD Securities
- Updated: September 16, 2016
Showing a price of $2.26, Penn West Petroleum (TSE:PWT) traded 0.89% higher on the day. With the last stock close up 46.70% relative to the 200-day moving average, compared to the S&P 500 which has fallen -0.01% over the same time period. Penn West Petroleum has recorded a 50-day moving average of $2.03 and two hundred day average of $1.54. 958,292 shares of the stock were exchanged, down from ann avg. volume of 1,750,660
In a statement issued on 9/16/2016 TD Securities increased the target price of Penn West Petroleum (TSE:PWT) from $1 to $2 stating a possible downsideof 0.00%.
On 9/8/2016, RBC Capital Markets released a statement on Penn West Petroleum(TSE:PWT) bumped the target price from $2.30 to $2.50. At the time, this suggested an upside of 0.13%.
Recent Performance Chart:
A total of 12 brokers have reported on the company. Zero rate the stock a strong buy, two analysts rate the company a buy, five firms rate the stock a hold, four brokerages rate the company to underperform, and lastly one brokeragerate the company as sell with a one year target price of $1.40
Penn West Petroleum has a one-year low of $0.60 and a one-year high of $2.30 . PWT’s market cap is presently $0.0.
General Company Details For Penn West Petroleum (TSE:PWT)
Penn West Petroleum Ltd. (Penn West) is an exploration and production company. The Company 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. 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). Penn West’s subsidiaries hold approximately 55% interest in the Peace River Oil Partnership. Penn West operates under the trade names of Penn West and Penn West Exploration. Based in Calgary, Alberta, and Penn West operates a portfolio of opportunities with a position in light oil in Canada on a land base encompassing approximately four million acres.
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