Penn West Petroleum Ltd Given New C$13.50 Price Target at BMO Capital Markets (PWT)
Equities researchers at BMO Capital Markets boosted their target price on shares of Penn West Petroleum Ltd (TSE:PWT) from C$13.00 to C$13.50 in a research report issued on Friday, StockRatingsNetwork.com reports. The firm currently has a “market perform” rating on the stock. BMO Capital Markets’ price target suggests a potential upside of 17.29% from the stock’s previous close.
A number of other analysts have also recently weighed in on PWT. Analysts at RBC Capital raised their price target on shares of Penn West Petroleum Ltd from C$13.00 to C$14.00 in a research note to investors on Friday, August 9th. They now have a “sector perform” rating on the stock. Separately, analysts at Salman Partners raised their price target on shares of Penn West Petroleum Ltd from C$11.00 to C$11.75 in a research note to investors on Friday, August 9th. Finally, analysts at Cormark downgraded shares of Penn West Petroleum Ltd from a “buy” rating to a “market perform” rating in a research note to investors on Friday, August 9th. Two analysts have rated the stock with a sell rating, six 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 an average target price of C$12.92.
Penn West Petroleum Ltd (TSE:PWT) traded up 1.39% during mid-day trading on Friday, hitting $11.67. The stock had a trading volume of 269,721 shares. Penn West Petroleum Ltd has a 52-week low of $8.82 and a 52-week high of $14.25. The stock has a 50-day moving average of $11.83 and a 200-day moving average of $10.68.
Penn West Petroleum Ltd. (TSE:PWT), formerly Penn West Energy Trust is a Canadian exploration and production company.
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