Raymond James Financial, Inc. Trims Penn West Petroleum Ltd (PWT) Target Price to C$2.75

Penn West Petroleum Ltd (TSE:PWT) (NYSE:PWE) had its price objective lowered by Raymond James Financial, Inc. from C$3.00 to C$2.75 in a research note issued to investors on Thursday morning. The firm currently has an outperform rating on the stock.

A number of other analysts have also commented on the stock. TD Securities upgraded shares of Penn West Petroleum from a hold rating to a buy rating and lifted their price target for the stock from C$2.75 to C$3.00 in a research note on Thursday, March 16th. Scotiabank reiterated a sector perform rating and issued a C$2.75 price target on shares of Penn West Petroleum in a research note on Thursday, March 16th. Barclays PLC lifted their price target on shares of Penn West Petroleum from C$2.50 to C$3.00 and gave the stock an equal weight rating in a research note on Monday, January 9th. Royal Bank of Canada lifted their price target on shares of Penn West Petroleum from C$2.50 to C$2.75 and gave the stock a sector perform rating in a research note on Friday, January 6th. Finally, Desjardins lifted their price target on shares of Penn West Petroleum from C$2.50 to C$2.75 in a research note on Wednesday, December 21st. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus price target of C$2.43.

Analyst Recommendations for Penn West Petroleum (TSE:PWT)

Shares of Penn West Petroleum (TSE:PWT) opened at 2.11 on Thursday. The stock’s market capitalization is $1.06 billion. The firm has a 50-day moving average of $2.18 and a 200 day moving average of $2.29. Penn West Petroleum has a 1-year low of $0.78 and a 1-year high of $2.72.

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Penn West Petroleum Company Profile

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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