New Western Energy Corp Stock Rating Reaffirmed by Zacks (NWTR)
New Western Energy Corp (NASDAQ:NWTR)‘s stock had its “outperform” rating restated by Zacks in a note issued to investors on Tuesday, ARN reports. They currently have a $2.00 price objective on the stock.
Zacks‘ analyst wrote, “New Western Energy Corp. is involved in the acquisition, exploration, development and production of oil and gas from properties in the United States. The company owns the rights to drill on a significant number of properties in Texas, Oklahoma and Kansas. Potential reserves exceed 30 million barrels of oil. As of December 11, 2013 acreage under lease was over 7,000 on which there were 168 wells. Our rating continues as Outperform with a price target of $2.00.”
Shares of New Western Energy Corp (NASDAQ:NWTR) traded up 10.53% on Tuesday, hitting $0.21. The stock had a trading volume of 72,851 shares. New Western Energy Corp has a 52-week low of $0.115 and a 52-week high of $1.01. The stock has a 50-day moving average of $0.22 and a 200-day moving average of $0.1. The company’s market cap is $14.5 million.
New Western Energy Corporation is an oil and gas and mineral exploration and production company with current projects located in Oklahoma, Kansas and Texas.
To view Zacks’ full report, visit www.zacks.com
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