Penn West Petroleum Receives Consensus Recommendation of “Hold” from Brokerages (TSE:PWT)
Penn West Petroleum (TSE:PWT) has been given an average rating of “Hold” by the eleven analysts that are currently covering the company, ARN reports. Two equities research analysts have rated the stock with a sell rating and nine have issued a hold rating on the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is C$10.72.
Penn West Petroleum (TSE:PWT) opened at 8.45 on Wednesday. Penn West Petroleum has a one year low of $7.61 and a one year high of $12.22. 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 $4.162 billion.
Several analysts have recently commented on the stock. 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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