Barclays PLC Boosts Penn West Petroleum Ltd (PWT) Price Target to C$2.50
Penn West Petroleum Ltd (TSE:PWT) had its target price boosted by analysts at Barclays PLC from C$2.00 to C$2.50 in a report released on Tuesday, StockTargetPrices.com reports. Barclays PLC’s target price would indicate a potential downside of 0.79% from the stock’s current price.
A number of other brokerages have also recently commented on PWT. TD Securities raised Penn West Petroleum from a “reduce” rating to a “hold” rating and increased their target price for the company from C$0.80 to C$2.25 in a report on Friday, September 16th. RBC Capital Markets increased their target price on Penn West Petroleum from C$2.30 to C$2.50 and gave the company a “sector perform” rating in a report on Thursday, September 8th. Royal Bank Of Canada increased their target price on Penn West Petroleum from C$2.30 to C$2.50 and gave the company a “sector perform” rating in a report on Thursday, September 8th. FirstEnergy Capital raised Penn West Petroleum from an “underperform” rating to a “market perform” rating and increased their target price for the company from C$1.50 to C$1.75 in a report on Saturday, August 6th. Finally, Scotiabank reissued a “sector perform” rating and set a C$2.00 target price on shares of Penn West Petroleum in a report on Friday, August 5th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of C$2.02.
Shares of Penn West Petroleum (TSE:PWT) traded up 0.40% during midday trading on Tuesday, reaching $2.53. The company’s stock had a trading volume of 1,029,520 shares. Penn West Petroleum has a one year low of $0.70 and a one year high of $2.60. The stock’s 50-day moving average is $2.26 and its 200-day moving average is $1.66. The company’s market capitalization is $1.27 billion.
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About Penn West Petroleum
Penn West Petroleum Ltd. (Penn West) is an exploration and production company. The Company operates in the segment of exploring for, developing and holding interests in oil and natural gas properties, and related production infrastructure in the Western Canada Sedimentary Basin directly and through investments in securities of subsidiaries holding such interests.
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