Penn West Petroleum Ltd. (NYSE:PWE) Gapping Down -2.42%
A beta of less than 1 means that the security will be less volatile than the market. This rating was issued on 7/22/16.
Penn West Petroleum Ltd. (NYSE:PWE) topped its 52-week high price target of 2.05 on Jan 6, 2017. They now have a United States dollars 2.5 price target on the stock. They now have a United States dollars 2 price target on the stock.
Heading into the earnings release, covering analysts have a consensus target price of $2.22 on Penn West Petroleum Ltd. shares.
A total of 2 brokerages have issued a ratings update on Penn West Petroleum Ltd (USA). Shares of Penn West Petroleum Ltd. (PWE) are trading -19.51% downward from the 52-week high mark and 170.49% above from the fifty two-week low mark.
Shares of Penn West Petroleum (TSE:PWT) opened at 2.02 on Tuesday. Penn West owns the petroleum and natural gas assets or over 100% of the equity, directly or indirectly, of the entities that carry on the remainder of the oil and natural gas business of Penn West, except for an unincorporated joint arrangement (the Peace River Oil Partnership).
The 11 analysts offering 12-month price forecasts for Penn West Petroleum Ltd have a median target of 2.10, with a high estimate of 2.66 and a low estimate of 1.72. For the last period, the company reported quarter over quarter EPS growth of 69.60% and quarter over quarter sales growth of -56.90%. It has been assigned a low target price of $2.25 and a high target price of $3.5.
At the time of writing, the stock was trading at $3.15. Current price places the company's stock -10.5% away from its 200-day simple moving average, -18.1%, away from the 50-day average and also -13.46% away from 20-day average. Hence, the surprise factor was -921.4 percent. Penn West has also filed its Annual Information Form for the year ended December 31, 2016, which includes the disclosure and reports regarding reserves data and other oil and gas information required following National Instrument 51-101. The Moving Average SMA50 is -11.4% while SMA200 is -2.74%.
04/17/2015 - Penn West Petroleum Ltd had its "underperform" rating reiterated by analysts at BMO Capital Markets. The Return on Investment (ROI) is at -50.6% while it's Return on Equity (ROE) value stands at -75.6%. For the past 5 days of trading, the stock has seen a move of -5.49%.
06/13/2016 - Penn West Petroleum Ltd was upgraded to "outperform" by analysts at Raymond James.
For the Current Quarter, the growth estimate for Penn West Petroleum Ltd.is 10%, while for the Next Quarter the stock growth estimate is 91.7%. In terms of recent volatility, the average for the month is 3.56% and 4.69% for the past week. PWE has P/E (Price to Earnings ttm) value of 0, Forward P/E of 0, P/C (Price to cash per share) of 2.32 and Price to Free Cash Flow (P/FCF) value of 0.
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