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Canaccord Genuity Reaffirms “Hold” Rating for New Western Energy Corp (NWTR)
Posted by Stephanie Chan on Mar 3rd, 2016 // No Comments

New Western Energy Corp logoCanaccord Genuity reaffirmed their hold rating on shares of New Western Energy Corp (OTCMKTS:NWTR) in a research note published on Monday, Marketbeat reports. The brokerage currently has a $3.75 price target on the stock, up from their prior price target of $3.25.
Several other brokerages have also issued reports on NWTR. RBC Capital reaffirmed an outperform rating and set a $5.00 target price (down from $6.00) on shares of New Western Energy Corp in a research report on Monday, December 21st. Raymond James reaffirmed a market perform rating on shares of New Western Energy Corp in a research report on Wednesday, November 4th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company presently has a consensus rating of Buy and an average price target of $5.58.


New Western Energy Corp (OTCMKTS:NWTR) opened at 0.0031 on Monday. New Western Energy Corp has a 52-week low of $0.00 and a 52-week high of $0.14. The stock’s 50 day moving average price is $0.00 and its 200 day moving average price is $0.02. The firm’s market capitalization is $246257.81.
New Western Energy Corporation is an oil and gas and mineral exploration and production company. The Company’s projects are located in Oklahoma, Kansas and Montana. The Company’s principal business is the acquisition, exploration and development of, and production from oil, gas and mineral properties.