Penn West Petroleum (PWE) in Focus: Stock Adds 7.3% in Session

Zacks

Penn West Petroleum Ltd. (PWE) was a big mover last session, as the company saw its shares rise more than 7% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company as the stock is now trading above the volatile price range of $7.66–$8.24 in the past one-month time frame.

This Canada-based oil exploration and production stock witnessed three negative revisions over the past 60 days. The Zacks Consensus Estimate also moved lower over the same time frame, signaling trouble down the road. So make sure to keep an eye on this stock going forward to see if Friday’s move higher lasts.

Penn West Petroleum has a Zacks Rank #5 (Strong Sell), while its Earnings ESP is 0.00%.

However, some better-ranked stocks in the sector include ARC Resources Ltd. (AETUF), Bellatrix Exploration Ltd. (BXE) and Canadian Oil Sands Limited (COSWF). All these stocks hold a Zacks Rank #2 (Buy).

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PENN WEST PETROLEUM LTD NEW (PWE): Free Stock Analysis Report

ARC RESOURCES LTD (AETUF): Free Stock Analysis Report

BELLATRIX EXPLORATION LTD ORDIN (BXE): Free Stock Analysis Report

CANADIAN OIL SANDS (COSWF): Free Stock Analysis Report


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