A number of research firms have changed their ratings and price targets for Penn West Petroleum (TSE: PWT):

  • 6/12/2017 – Penn West Petroleum had its price target raised by analysts at Raymond James Financial, Inc. from C$2.50 to C$2.75. They now have a “market perform” rating on the stock.
  • 6/8/2017 – Penn West Petroleum had its “sector perform” rating reaffirmed by analysts at Royal Bank Of Canada. They now have a C$2.50 price target on the stock.
  • 6/8/2017 – Penn West Petroleum had its “underperform” rating reaffirmed by analysts at BMO Capital Markets. They now have a C$2.00 price target on the stock.
  • 6/5/2017 – Penn West Petroleum had its “hold” rating reaffirmed by analysts at Canaccord Genuity. They now have a C$2.10 price target on the stock.
  • 5/25/2017 – Penn West Petroleum had its “sector perform” rating reaffirmed by analysts at National Bank Financial. They now have a C$2.50 price target on the stock.
  • 5/5/2017 – Penn West Petroleum had its “buy” rating reaffirmed by analysts at TD Securities. They now have a C$3.00 price target on the stock.

Penn West Petroleum Ltd (TSE PWT) opened at 1.84 on Tuesday. The firm’s market capitalization is $927.91 million. The firm has a 50-day moving average price of $2.00 and a 200-day moving average price of $2.20. Penn West Petroleum Ltd has a one year low of $1.15 and a one year high of $2.72.

In other news, Director John Brydson bought 250,000 shares of the stock in a transaction on Thursday, April 13th. The shares were purchased at an average cost of C$1.60 per share, for a total transaction of C$400,000.00.

Penn West Petroleum Ltd. (Penn West) is a conventional oil and natural gas producer in Canada. The Company operates a portfolio of opportunities with an oil position in the Cardium, Viking and Peace River areas of Alberta. Penn West is a development and production company. During the fiscal year ended December 31, 2016, Penn West had produced 20 million barrels of oil equivalent (MMboe), consisting of eight million barrels (MMbbl) of light and medium crude oil, three MMbbl of heavy crude oil, 44 billion cubic feet (Bcf) of conventional natural gas and one MMbbl of natural gas liquids.

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