NEW YORK (

TheStreet

) -- The ex-dividend date for

Penn West Petroleum

(NYSE:

PWE

) is tomorrow, September 28, 2011. Owners of shares as of market close today will be eligible for a dividend of 27 cents per share. At a price of $16.69 as of 9:30 a.m. ET, the dividend yield is 6.9%.

The average volume for Penn West has been 2.1 million shares per day over the past 30 days. Penn West has a market cap of $7.4 billion and is part of the

basic materials

sector and

energy

industry. Shares are down 32.5% year to date as of the close of trading on Monday.

TheStreet Recommends

Penn West Petroleum Ltd. engages in acquiring, exploring, developing, exploiting, and holding interests in petroleum and natural gas properties and related assets in North America. The company produces light and medium crude oil, natural gas liquids, heavy oil, and natural gas.

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TheStreet Ratings rates Penn West as a

hold

. The company's strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins and impressive record of earnings per share growth. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself and generally poor debt management. You can view the full

Penn West Ratings Report

.

See our

dividend calendar

or

top-yielding stocks list

.

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