Zacks Investment Research upgraded shares of New Western Energy (NWTR) from N/A to OUTPERFORM on December 10, 2012, with a target price of $1.30.
New Western Energy Corp. is involved in the acquisition, exploration, development and production of oil and gas from properties in the United States. The company owns the rights to drill on a significant number of properties in Texas, Oklahoma and Kansas. Estimated reserves as of Dec. 31, 2011 were 13.3 million barrels of oil. As of Oct. 30, 2012 acreage under lease was 4,264 on which there were 89 wells. We are initiating coverage with an Outperform rating and a price target of $1.30
Get all Zacks Research Reports and be alerted to fast-breaking buy and sell opportunities every trading day.
To get a free copy of the research report on New Western Energy (NWTR),
click here.
For more information about research offerings from Zacks Investment Research, visit
Zacks.com .
Be the first to comment