Other equities analysts have also recently issued reports about the company. RBC Capital Markets lifted their price objective on Penn West Petroleum from C$2.20 to C$2.30 and gave the company a sector perform rating in a report on Saturday, August 6th. FirstEnergy Capital raised Penn West Petroleum from an underperform rating to a market perform rating and lifted their price objective for the company from C$1.50 to C$1.75 in a report on Saturday, August 6th. Desjardins reaffirmed a hold rating and issued a C$1.75 price objective on shares of Penn West Petroleum in a report on Tuesday, June 14th. Scotiabank lifted their price objective on Penn West Petroleum from C$0.75 to C$2.25 and gave the company a sector perform rating in a report on Tuesday, June 14th. Finally, BMO Capital Markets lifted their price objective on Penn West Petroleum from C$1.90 to C$2.00 in a report on Thursday, June 30th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company’s stock. The company has an average rating of Hold and an average price target of C$2.02.
Penn West Petroleum (TSE:PWT) opened at 2.45 on Tuesday. Penn West Petroleum has a 12-month low of $0.70 and a 12-month high of $2.60. The company’s market cap is $1.23 billion. The company has a 50-day moving average price of $2.31 and a 200 day moving average price of $1.69.
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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