Brokerage Firm Rating Update on Penn West Petroleum Ltd (PWE)

Penn West Petroleum Ltd (PWE) has an average broker rating of 3.2, which is interpreted as a Hold, as rated by 5 equity analysts. 1 other analysts advise a Buy. Nevertheless, the majority of 3 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold. 1 brokerage firm advices Strong Sell on the share due to lack of confidence about the future of the company.


Company shares have received an average consensus rating of Hold for the current week Also, Barclays upgrades its rating on Penn West Petroleum Ltd (NYSE:PWE). Analysts at the Barclays have a current rating of Equal-weight on the shares. The shares were previously rated Underweight. The rating by the firm was issued on July 22, 2016.

Penn West Petroleum Ltd (NYSE:PWE): stock was range-bound between the intraday low of $1.655 and the intraday high of $1.75 after having opened at $1.73 on Wednesdays session. The stock finally closed in the red at $1.73, a loss of -1.17%. The stock remained in the red for the whole trading day. The total traded volume was 1,892,237 shares. The stock failed to cross $1.75 in Wednesdays trading. The stocks closing price on Thursday was $1.71.

Penn West Petroleum Ltd. (Penn West) is a Canada-based senior exploration and production company. The Company operates to explore for, develop and hold 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. The Companys portfolio of properties includes both unitized and non-unitized oil and natural gas production. The properties contain long-life, low-decline-rate reserves and include interests in several oil and gas fields. The majority of its proved plus probable reserves are located in Canada in Alberta, British Columbia, Saskatchewan, Manitoba and the Northwest Territories. It also has minor proved plus probable reserves interests in the United States in Wyoming. Penn West operates under the trade names of Penn West and Penn West Exploration.

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