Penn West has said it’s aiming to keep its capital spending within cash flow generated from operations, despite the dramatic decline in oil and gas prices since the end of 2014. The highest price that this stock has reached in the most recent 52-week period was $9.34, whereas its last (most recent) closing price is $2.86. On last trading day company shares ended up $1.64. They now have a “reduce” rating on the stock. The stock on plunged -6.50% and finished the day at $0.44.The one month performance of the stock was positive and it scored about 6.85%. Its opening price was $5.95.It has total market capitalization of $1.42 billion and a total of 248.77 million outstanding shares.

8/4/2015 – Penn West Petroleum had its price target lowered by analysts at CIBC from C$2.75 to C$2.50.

On 8 September, PENN WEST PETROLEUM LTD. (NYSE:PWE) announced that it received notification on September 4, 2015 from the New York Stock Exchange (the “NYSE”) that Penn West is no longer in compliance with one of the NYSE’s continued listing standards applicable to Penn West because the average closing price of Penn West’s common stock was less than US$1.00 per share over a consecutive 30 trading day period. They now have a “sector performer” rating on the stock.

Penn West Petroleum Ltd (USA) (NYSE:PWE) recently recorded bearish activity by losing -5.93%. In terms of sales expectations, the surprise factor in per share dollar terms was $N/A away from what analysts had projected for the quarter, or a difference of N/A%. Penn West Petroleum Ltd has a 12-month low of $0.66 and a 12-month high of $8.63. The 52-week high of the share price is $7.88 and the company has a market cap of $270 million.

Penn West Petroleum Ltd. (TSE:PWT) is a Canada-based senior exploration and production firm. Penn West is engaged in the business of acquiring, exploring, developing, exploiting and holding interests in petroleum and natural gas properties and related assets. Based in Calgary, Alberta, Penn West operates a significant portfolio of opportunities with a dominant position in light oil in Canada on a land base encompassing approximately 4.3 million acres. The majority of the Company’s proved plus probable reserves are located in Canada in Alberta, British Columbia, Saskatchewan, Manitoba and the Northwest Territories. On January 1, 2011, Penn West completed its plan of arrangement and converted from an income trust (Penn West Energy Trust) to a conventional corporation operating under the trade name of Penn West Exploration.