UPDATE: Barclays Downgrades Penn West Petroleum (PWE) to Underweight; Leverage Too High
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Price: $9.99 +2.15%
Rating Summary:
3 Buy, 8 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 28 | New: 14
Rating Summary:
3 Buy, 8 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 28 | New: 14
Trade PWE Now!
(Updated - July 18, 2012 1:22 PM EDT)
Barclays downgraded Penn West Petroleum (NYSE: PWE) from Equalweight to Underweight. PT lowered from $20 to $14.
Analyst, Grant Hofer, said, "...we believe that the company's high leverage may weigh on its capital spending and reduce its already weak per share growth metrics."
FY12 EPS estimate from $0.24 to -0.01 and FY13 from $0.52 to $0.16.
For an analyst ratings summary and ratings history on Penn West Petroleum click here. For more ratings news on Penn West Petroleum click here.
Shares of Penn West Petroleum closed at $13.11 yesterday, with a 52 week range of $12.22-$23.11.
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Barclays downgraded Penn West Petroleum (NYSE: PWE) from Equalweight to Underweight. PT lowered from $20 to $14.
Analyst, Grant Hofer, said, "...we believe that the company's high leverage may weigh on its capital spending and reduce its already weak per share growth metrics."
FY12 EPS estimate from $0.24 to -0.01 and FY13 from $0.52 to $0.16.
For an analyst ratings summary and ratings history on Penn West Petroleum click here. For more ratings news on Penn West Petroleum click here.
Shares of Penn West Petroleum closed at $13.11 yesterday, with a 52 week range of $12.22-$23.11.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
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