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Oil producer Penn West Petroleum has a StockReports+ score of 4, which is in line with the 4.6 rating for the oil and gas group, but lower than several of its peers. In 2012, the company hit a score of 9, but that was before the oil patch was hit by the sharp decline in oil prices since they reached a $100 (U.S.) a barrel last summer. Prices are now in the $40 to $45 range. The company's score has been on a negative trend, declining from 6 to 4 over the past four weeks.
The oil producer has a one-year return of -77.3 per cent and a five-year return of -90.2 per cent. Of the analysts covering the stock, 17 have a "reduce" rating on it. Of similar sized energy companies, Penn West is one of the only with a "reduce" rating. Analysts give most other stocks a "buy" or "hold" rating.
Earlier this month, Penn West cut its dividend for a second time as it announced it has lost $1.77-billion in the fourth quarter and $1.73-billion for all of 2014. Previously, the company reduced its budget for spending in 2015.
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