TD Securities upgraded shares of Penn West Petroleum Ltd (TSE:PWT) (NYSE:PWE) from a hold rating to a buy rating in a research report report published on Thursday morning. They currently have C$3.00 target price on the stock, up from their previous target price of C$2.75.

A number of other equities analysts have also commented on the stock. Scotiabank reissued a sector perform rating and issued a C$2.75 price target on shares of Penn West Petroleum in a report on Thursday, March 16th. Barclays PLC increased 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 report on Monday, January 9th. Royal Bank of Canada increased 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 report on Friday, January 6th. Raymond James Financial, Inc. increased their price target on shares of Penn West Petroleum from C$2.75 to C$3.00 and gave the stock an outperform rating in a report on Friday, January 6th. Finally, Desjardins increased their price target on shares of Penn West Petroleum from C$2.50 to C$2.75 in a report 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. Penn West Petroleum has a consensus rating of Hold and an average target price 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 company’s market cap is $1.06 billion. The firm’s 50 day moving average is $2.18 and its 200-day moving average is $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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About Penn West Petroleum

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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