Penn West Stock To Go Ex-dividend Tomorrow (PWE)

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

NEW YORK ( TheStreet) -- The ex-dividend date for Penn West Petroleum (NYSE: PWE) is tomorrow, June 26, 2013. Owners of shares as of market close today will be eligible for a dividend of 27 cents per share. At a price of $10.86 as of 9:30 a.m. ET, the dividend yield is 9.7%.

The average volume for Penn West has been 3.3 million shares per day over the past 30 days. Penn West has a market cap of $5.37 billion and is part of the basic materials sector and energy industry. Shares are down 0.8% year to date as of the close of trading on Monday.

Penn West Petroleum Ltd., an exploration and production company, engages in acquiring, exploring, developing, exploiting, and holding interests in petroleum and natural gas properties and related assets in western Canada. The company has a P/E ratio of 221.4, above the S&P 500 P/E ratio of 17.7.

  • EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass.

TheStreet Ratings rates Penn West as a sell. The company's weaknesses can be seen in multiple areas, such as its generally disappointing historical performance in the stock itself, feeble growth in its earnings per share, deteriorating net income and disappointing return on equity. You can view the full Penn West Ratings Report.

See our dividend calendar or top-yielding stocks list.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more..
null

If you liked this article you might like

Penn West (PWE) Stock Spikes, Announces New CEO

Penn West Petroleum (PWE) Stock Surges on Asset Sales

Penn West Petroleum (PWE) Stock Soars, Asset Sale Attracts Potential Bidders

The Week Ahead: How Long Can the Stock Market Defy Gravity?

Here’s Why Penn West Petroleum (PWE) Stock is Plunging Today