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Penn West Energy Trust (NYSE:PWE)’s share price reached a new 52-week low during mid-day trading on Wednesday, Analyst Ratings Network reports. The stock traded as low as $7.11 and last traded at $7.45, with a volume of 10,546,207 shares traded. The stock had previously closed at $8.23.

A number of analysts have recently weighed in on PWE shares. Analysts at JPMorgan Chase & Co. downgraded shares of Penn West Energy Trust from an “overweight” rating to a “neutral” rating in a research note to investors on Thursday, November 14th. Analysts at Standpoint Research initiated coverage on shares of Penn West Energy Trust in a research note to investors on Monday, November 11th. They set a “buy” rating and a $13.00 price target on the stock. Two analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $12.41.

Penn West Energy Trust has a 52-week low of $7.11 and a 52-week high of $13.16. The stock has a 50-day moving average of $8.46 and a 200-day moving average of $10.36. The company’s market cap is $3.624 billion.

Penn West Energy Trust (NYSE:PWE) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $0.05 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.04 by $0.01. The company had revenue of $779.00 million for the quarter. The company’s quarterly revenue was down .8% on a year-over-year basis. On average, analysts predict that Penn West Energy Trust will post $-0.23 earnings per share for the current fiscal year.

Penn West Energy Trust (NYSE:PWE) is an open-ended investment trust.

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