Penn West Petroleum Ltd (PWT) Price Target Increased to C$2.50 by Analysts at Barclays PLC
PWT has been the topic of a number of other research reports. TD Securities raised shares of Penn West Petroleum from a reduce rating to a hold rating and boosted their target price for the stock from C$0.80 to C$2.25 in a research report on Friday, September 16th. Royal Bank Of Canada boosted their price target on shares of Penn West Petroleum from C$2.30 to C$2.50 and gave the company a sector perform rating in a report on Thursday, September 8th. RBC Capital Markets boosted their price target on shares of Penn West Petroleum from C$2.30 to C$2.50 and gave the company a sector perform rating in a report on Thursday, September 8th. Raymond James Financial Inc. boosted their price target on shares of Penn West Petroleum from C$0.75 to C$3.00 and gave the company an outperform rating in a report on Monday, June 13th. Finally, BMO Capital Markets boosted their price target on shares of Penn West Petroleum from C$1.90 to C$2.00 in a report on Thursday, June 30th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the company. The stock currently has a consensus rating of Hold and a consensus target price of C$2.02.
Shares of Penn West Petroleum (TSE:PWT) opened at 2.51 on Tuesday. Penn West Petroleum has a 12-month low of $0.70 and a 12-month high of $2.60. The company’s 50-day moving average is $2.28 and its 200-day moving average is $1.67. The firm’s market capitalization is $1.26 billion.
Penn West Petroleum Company Profile
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.
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