Published: Tue, May 30, 2017
Money | By Armando Alvarado

Penn West Petroleum Ltd (PWT) Given "Buy" Rating at TD Securities

Penn West Petroleum Ltd (PWT) Given

Penn West Petroleum Ltd (NYSE:PWE) (TSE:PWT) was downgraded by Zacks Investment Research from a "hold" rating to a "sell" rating in a research report issued to clients and investors on Wednesday, May 17th. Eight research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. The company's stock had a trading volume of 268,732 shares. The stock now has a consensus rating of "Hold" and a consensus target price of C$2.59.

Penn West Petroleum Ltd. wants to change its name to Obsidian Energy Ltd. after surviving an accounting scandal, debt crisis and commodity price crash over the past three years. The stock of Penn West Petroleum Ltd (USA) (NYSE:PWE) has "Equal-Weight" rating given on Friday, July 22 by Barclays Capital. The company has market cap of $738.86 million.

While looking at the Stock's Performance, Penn West Petroleum Ltd. now shows a Weekly Performance of -4.61%, where Monthly Performance is -2.03%, Quarterly performance is -12.65%, 6 Months performance is -13.69% and yearly performance percentage is 100.97%.

Beta is also an important valuation ratio for analyzing the stock of the company, PWE has Beta of 4.37 while its industry and Sector's beta remains at 0.91 and 0.8 respectively. The original version of this piece of content can be accessed at https://sportsperspectives.com/2017/05/29/penn-west-petroleum-ltd-pwe-upgraded-at-valuengine-updated.html. The rating was upgraded by RBC Capital Markets to "Sector Perform" on Monday, June 27.

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More notable recent Penn West Petroleum Ltd (USA) (NYSE:PWE) news were published by: Fool.ca which released: "Contrarian Investors: Is Penn West Petroleum Ltd". The stock presently has a consensus rating of "Hold" and an average price target of $2.27. On Friday, November 6 the stock rating was maintained by RBC Capital Markets with "Sector Perform". The business had revenue of $99.72 million during the quarter. Equities research analysts forecast that Penn West Petroleum will post ($0.07) EPS for the current fiscal year. Penn West Petroleum had a negative net margin of 243.12% and a negative return on equity of 58.05%. If you are reading this report on another site, it was stolen and reposted in violation of United States & global copyright law. Connor Clark & Lunn Investment Management Ltd. now owns 8,976,458 shares of the oil and gas company's stock worth $16,051,000 after buying an additional 952,350 shares in the last quarter. The stock was acquired at an average price of C$1.60 per share, for a total transaction of C$400,000.00.

Penn West Petroleum (PWT) remained flat at $1.97 during mid-day trading on Friday. Finally, Swiss National Bank increased its stake in shares of Penn West Petroleum by 3.4% in the third quarter.

The stock of Penn West Petroleum Limited New (NYSE:PWE) registered an increase of 8.01% in short interest. WealthTrust Axiom LLC increased its stake in Penn West Petroleum by 6.3% in the first quarter. The Firm operates a portfolio of opportunities with an oil position in the Cardium, Viking and Peace River areas of Alberta.

06/14/2016 - Penn West Petroleum Ltd had its " rating reiterated by analysts at Desjardins.

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