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Shares of Penn West Petroleum (TSE:PWT) have been given a consensus rating of “Hold” by the eleven analysts that are covering the stock, AnalystRatings.Net reports. Two equities research analysts have rated the stock with a sell recommendation and nine have given a hold recommendation to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is C$10.72.

Shares of Penn West Petroleum (TSE:PWT) opened at 8.08 on Wednesday. Penn West Petroleum has a 52 week low of $7.61 and a 52 week high of $12.24. The stock has a 50-day moving average of $8.95 and a 200-day moving average of $9.5. The company’s market cap is $3.980 billion.

PWT has been the subject of a number of recent research reports. Analysts at RBC Capital cut their price target on shares of Penn West Petroleum from C$12.00 to C$10.00 in a research note on Wednesday, July 30th. They now have a “sector perform” rating on the stock. Separately, analysts at TD Securities cut their price target on shares of Penn West Petroleum from C$11.50 to C$9.50 in a research note on Wednesday, July 30th. They now have a “hold” rating on the stock. Finally, analysts at CIBC raised their price target on shares of Penn West Petroleum from C$12.00 to C$12.50 in a research note on Thursday, July 17th. They now have a “sector perform” rating on the stock.

Penn West Petroleum Ltd. (TSE:PWT), formerly Penn West Energy Trust, is a Canadian exploration and production company.

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