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Penn West Petroleum (TSE:PWT) target price raised to $3.00, reported today by TD Securities

In a report released on Thursday March 16, 2017 TD Securities increased the target of Penn West Petroleum (TSE:PWT) from $2.75 to $3.00 stating a potential upside of 0.33%.

On 01/09/2017, Barclays Capital reported about Penn West Petroleum (TSE:PWT) raised the target price from $2.50 to $3.00 that suggested an upside of 0.15%.

Recent Performance Chart

Penn West Petroleum has a one year low of $0.78 and a one year high of $2.72 PWT’s total market value is presently $0.

A total of 13 firms have reported on the stock. 0 brokerages rating the stock a strong buy, 4 brokerages rating the stock a buy, 6 brokers rating the stock a hold, 3 analysts rating the company a underperform, and finally zero analysts rating the company a sell with a 12-month price target of $2.00.

Brief Synopsis On Penn West Petroleum (TSE:PWT)

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. 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). Penn West's subsidiaries hold approximately 55% interest in the Peace River Oil Partnership. Penn West operates under the trade names of Penn West and Penn West Exploration. Based in Calgary, Alberta, Penn West operates a portfolio of opportunities with a position in light oil in Canada on a land base encompassing approximately four million acres.

The post Penn West Petroleum (TSE:PWT) target price raised to $3.00, reported today by TD Securities appeared first on Octafinance.



This post first appeared on Octafinance – Financial News, Reports And Intell, please read the originial post: here

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Penn West Petroleum (TSE:PWT) target price raised to $3.00, reported today by TD Securities

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