Penn West Petroleum Ltd (PWT) Given Average Recommendation of "Hold" by Brokerages

DRYS stock's price is now -99.92% down from its 52-week high and +44.00% up from its 52-week low.

In taking a look at technical levels, shares are trading -2.31% away from the 50 day simple moving average and 0.01% away from the 200 day simple moving average.

Penn West Petroleum Ltd. (NYSE:PWE) has a market capitalization of 773.91 Million.

In front of fourth-quarter earnings release on Wednesday, Mar 15, 2017, 1 analysts are forecasting profits of -$0.09 per share, with views ranging from an ultra-tight -$0.09 to -$0.09. The average 12-month price objective among brokerages that have issued a report on the stock in the previous year is C$2.43. Full-year profit views are for Penn West Petroleum earn -$0.74 in current year and grow profits by almost -68.78% over last year's earnings of -$2.37. The company has a 1 Year high price target of $2.22. The growth estimate for the next five years is 11.95 percent (per annum). Full-year sales forecasts are pegged at $457.81M, representing a drop of almost -47.86% over last fiscal year's revenues of $878.02M.

Penn West Petroleum Ltd. (Penn West) is an exploration and production company.

Over the couple years PWE has established a strong pattern of missing Street earnings views 75% of the time, according to historical earnings data, met predictions on 0 occasions and surpassed estimates 1 times over the last couple years.

The stock decreased 7.74% or $0.12 during the last trading session, hitting $1.55. The score shows the rating on a scale of 1 to 5, where 1=strong buy and 5=strong sell.

Nonetheless, and in the immediate aftermath of reporting, investor reaction in Penn West Petroleum Ltd. (PWE) stock has proven to be much more bearish.

0 analysts rated the stock of Penn West Petroleum Ltd. (NYSE:PWE) as "STRONG BUY", 2 rated as "BUY" and 1 issued a "HOLD" rating. Barclays PLC boosted 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 research report on Monday, January 9th. The stock is performing -25.22% year to date.

Penn West Petroleum Ltd.'s growth estimate for the current quarter is 10, and 91.7 percent for the next quarter.

Many Analysts provided their foresight on Revenue Estimates of Penn West Petroleum Ltd. where they believe that the company has the potential to earn average revenue of $224.58 Million for the current quarter. The stock stands almost $2.01 off versus the 52-week high of $7.3 and $1.59 above the 52-week low of $3.7. Royal Bank of Canada boosted their target price on shares of Penn West Petroleum from C$2.50 to C$2.75 and gave the stock a "sector perform" rating in a research report on Friday, January 6th.

Penn West Petroleum Ltd. Post-earnings, PWE stock ranged between $1.34 and $1.39 after opening the day (08/05/2016) at $1.37. The difference between the estimated and actual earnings was $0.12 per share. The high end of the earnings forecast is $-0.06 per share and low end is $-0.08 per share. It closed the session at $0.72 with a volume of 3888800 shares.

  • Zachary Reyes