Accredited Investors Inc. Acquires New Position in Penn West Petroleum Ltd (PWE)

Xavier Trudeau
Juin 21, 2017

Taking a broader look brokerage firms' analysts on the street with an expectant view have Penn West Petroleum Ltd (NYSE:PWE) high price target of $2.08 and with a conservative view have low price target of $1.59. Cambridge Investment Research Advisors Inc. now owns 61,850 shares of the oil and gas company's stock valued at $105,000 after buying an additional 1,026 shares in the last quarter. It also reduced Kraft Heinz Co stake by 79,745 shares and now owns 20,000 shares. Norges Bank acquired a new position in shares of Penn West Petroleum during the fourth quarter valued at about $10,121,000. Swiss National Bank boosted its stake in Penn West Petroleum by 3.4% in the third quarter. The company's stock had a trading volume of 217,827 shares.

Penn West Petroleum Ltd. (Penn West) is a conventional oil and natural gas producer in Canada. KCG Holdings Inc. now owns 558,237 shares of the oil and gas company's stock valued at $1,010,000 after buying an additional 450,502 shares during the period. WealthTrust Axiom LLC boosted its position in shares of Penn West Petroleum by 6.3% in the first quarter.

Currently Penn West Petroleum Ltd (NYSE:PWE)'s shares owned by insiders are 0.2%, whereas shares owned by institutional owners are 32.1%. 1,236,696 shares of the company were exchanged.

Penn West Petroleum Ltd has a 50 day moving average of 1.45 and a 200 day moving average of 1.64. The stock's market capitalization is $645.50 million.

Shares of Penn West Petroleum (PWE) traded down 3.05% during trading on Tuesday, reaching $1.27.

12/17/2014 - Penn West Petroleum Ltd was downgraded to "underperform" by analysts at Macquarie. UBS Asset Management Americas Inc. raised its position in shares of Penn West Petroleum by 18.4% in the third quarter.

While considering growth estimates of the company, it has next quarter growth estimates of 100% whereas during current quarter it has 100% estimations over growth, comparing to the estimations of 93.5% during current year and -83.3% for next year.

Penn West Petroleum Ltd (NYSE:PWE) shares traded 2.34% up during most recent session to reach at the closing price of $1.31.

COPYRIGHT VIOLATION WARNING: "Accredited Investors Inc". Penn West Petroleum Ltd (TSE:PWT) has 0.00% since June 20, 2016 and is. If you are reading this article on another publication, it was copied illegally and reposted in violation of United States & global copyright and trademark legislation.

04/24/2015 - Penn West Petroleum Ltd had its "market perform" rating reiterated by analysts at FirstEnergy Capital.

Several equities research analysts have recently weighed in on PWE shares. The stock of Penn West Petroleum Ltd (TSE:PWT) earned "Sector Perform" rating by Scotia Capital on Thursday, November 3. TD Securities upgraded Penn West Petroleum from a "hold" rating to a "buy" rating in a report on Wednesday, March 15th. Zacks downgraded the shares of CTRE in report on Wednesday, August 12 to "Hold" rating. ValuEngine upgraded shares of Penn West Petroleum from a "sell" rating to a "hold" rating in a report on Tuesday, May 16th.

Among 8 analysts covering Caretrust REIT (NASDAQ:CTRE), 4 have Buy rating, 0 Sell and 4 Hold. Penn West Petroleum presently has an average rating of Hold and a consensus price target of C$2.52.

01/12/2016 - Penn West Petroleum Ltd had its "sell" rating reiterated by analysts at Dundee Securities. The Firm operates a portfolio of opportunities with an oil position in the Cardium, Viking and Peace River areas of Alberta. Penn West Petroleum had a negative return on equity of 22.87% and a negative net margin of 95.25%. During the fiscal year ended December 31, 2016, Penn West had produced 20 million barrels of oil equivalent (MMboe), consisting of eight million barrels (MMbbl) of light and medium crude oil, three MMbbl of heavy crude oil, 44 billion cubic feet (Bcf) of conventional natural gas and one MMbbl of natural gas liquids.

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