Penn West Petroleum Ltd (NYSE:PWE)‘s stock had its “underperform” rating reiterated by equities researchers at RBC Capital in a research report issued to clients and investors on Sunday, AnalystRatings.NET reports. They currently have a $0.90 price objective on the stock. RBC Capital’s price target would suggest a potential upside of 22.45% from the company’s current price.

Several large investors have recently added to or reduced their stakes in the stock. Creative Planning increased its stake in Penn West Petroleum by 18.2% in the fourth quarter. Creative Planning now owns 424,084 shares of the company’s stock valued at $355,000 after buying an additional 65,395 shares in the last quarter. Great West Life Assurance Co. Can increased its stake in shares of Penn West Petroleum by 1.9% in the fourth quarter. Great West Life Assurance Co. Can now owns 526,643 shares of the company’s stock valued at $444,000 after buying an additional 9,589 shares during the period. Finally, Simplex Trading increased its stake in shares of Penn West Petroleum by 1,500.0% in the fourth quarter. Simplex Trading now owns 16 shares of the company’s stock valued at $0 after buying an additional 15 shares during the period.

Other equities analysts have also issued reports about the company. Barclays reissued an “underweight” rating and issued a $1.00 price target (up from $0.75) on shares of Penn West Petroleum in a research note on Saturday, October 31st. Raymond James reissued a “market perform” rating and issued a $1.00 price target on shares of Penn West Petroleum in a research note on Saturday. CIBC lowered Penn West Petroleum from a “sector perform” rating to an “underperform” rating in a research note on Friday, November 6th. Dundee Securities reissued a “sell” rating and issued a $0.55 price target on shares of Penn West Petroleum in a research note on Wednesday, January 13th. Finally, Zacks Investment Research lowered Penn West Petroleum from a “hold” rating to a “strong sell” rating in a research note on Thursday, December 10th. Five investment analysts have rated the stock with a sell rating and two have issued a hold rating to the company. The stock has an average rating of “Sell” and a consensus target price of $1.08.

Shares of Penn West Petroleum (NYSE:PWE) opened at 0.7299 on Friday. The stock has a 50 day moving average price of $0.78 and a 200 day moving average price of $0.94. Penn West Petroleum has a 12-month low of $0.45 and a 12-month high of $2.77. The firm’s market cap is $366.53 million.

Penn West Petroleum (NYSE:PWE) last issued its quarterly earnings results on Thursday, November 5th. The company reported ($1.14) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.22) by $0.92. During the same quarter in the previous year, the business posted ($0.03) earnings per share. The business earned $295 million during the quarter, compared to analysts’ expectations of $300.31 million. The business’s revenue for the quarter was down 49.9% on a year-over-year basis. On average, equities analysts expect that Penn West Petroleum will post ($1.48) earnings per share for the current year.

Penn West Petroleum Ltd. (NYSE:PWE) 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 Company’s 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.

12 Month Chart for NYSE:PWE

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