Penn West Petroleum Upgraded to Sector Perform by NBF (PWT)
Penn West Petroleum (TSE:PWT) was upgraded by equities research analysts at NBF from an “underperform” rating to a “sector perform” rating in a research note issued to investors on Friday, Analyst Ratings Network reports.
Several other analysts have also recently commented on the stock. Analysts at Dundee Securities reiterated a “sector perform” rating on shares of Penn West Petroleum in a research note on Friday. They now have a C$10.75 price target on the stock, up previously from C$10.25. Separately, analysts at Scotiabank reiterated a “sector perform” rating on shares of Penn West Petroleum in a research note on Tuesday, March 25th. Finally, analysts at National Bank Financial raised their price target on shares of Penn West Petroleum from C$8.00 to C$9.00 in a research note on Monday, March 10th. Two analysts have rated the stock with a sell rating and ten have issued a hold rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of C$11.11.
Shares of Penn West Petroleum (TSE:PWT) opened at 10.35 on Friday. Penn West Petroleum has a 1-year low of $7.82 and a 1-year high of $13.57. The stock has a 50-day moving average of $9.59 and a 200-day moving average of $9.40.
Penn West Petroleum (TSE:PWT) last issued its quarterly earnings data on Friday, May 2nd. The company reported $0.05 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.07 by $0.02.
Penn West Petroleum Ltd. (TSE:PWT), formerly Penn West Energy Trust is a Canadian exploration and production company.
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