Todays Report: The Barclays PLC Boosts Penn West Petroleum Ltd (PWT) Price Target to C$2.50

The Barclays PLC Boosts Penn West Petroleum Ltd (PWT) Price Target to C$2.50

Penn West Petroleum Ltd (TSE:PWT) had its price objective upped by Barclays PLC from C$2.00 to C$2.50 in a research report report published on Tuesday morning.

PWT has been the subject of a number of other reports. TD Securities raised shares of Penn West Petroleum from a reduce rating to a hold rating and upped their target price for the company from C$0.80 to C$2.25 in a report on Friday, September 16th. Royal Bank Of Canada upped their target price on shares of Penn West Petroleum from C$2.30 to C$2.50 and gave the company a sector perform rating in a report on Thursday, September 8th. RBC Capital Markets boosted their price target on shares of Penn West Petroleum from C$2.30 to C$2.50 and gave the stock a sector perform rating in a research note on Thursday, September 8th. Raymond James Financial Inc. boosted their price target on shares of Penn West Petroleum from C$0.75 to C$3.00 and gave the stock an outperform rating in a research note on Monday, June 13th. Finally, BMO Capital Markets boosted their price target on shares of Penn West Petroleum from C$1.90 to C$2.00 in a research note on Thursday, June 30th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company. The company has an average rating of Hold and an average price target of C$2.02.

Penn West Petroleum (TSE:PWT) opened at 2.48 on Tuesday. The stock’s market capitalization is $1.25 billion. Penn West Petroleum has a 1-year low of $0.70 and a 1-year high of $2.60. The firm has a 50-day moving average of $2.30 and a 200-day moving average of $1.68.

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