Received another pump on NWTR.
NWTR Stock Rating Reaffirmed by Zacks:
New Western Energy Corp logoNew Western Energy Corp (NASDAQ: NWTR)'s stock had its "outperform" rating restated by Zacks in a report issued on Thursday , Stock Ratings Network reports. They currently have a $2.00 target price on the stock.
Zacks' analyst wrote, "New Western Energy Corp. is involved in the acquisition, exploration, development and production of oil and gas from properties in the United States.
New Western Energy Corp logoNew Western Energy Corp (NASDAQ: NWTR)'s stock had its "outperform" rating restated by Zacks in a report issued on Thursday , Stock Ratings Network reports. They currently have a $2.00 target price on the stock.
Zacks' analyst wrote, "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. Potential reserves exceed 20 million barrels of oil. As of December 31, 2012 acreage under lease was over 6,000 on which there were 195 wells.
"Our rating continues as Outperform with a new price target of $2.00"
( NASDAQ: NWTR ) New Western Energy Corp has a one year low of $0.115 and a one year high of $1.13. The stock's 50-day moving average is currently $0.27. The company's market cap is $18.5 million.
About New Western Energy Corp.
New Western Energy Corporation is focused on acquiring land leases for properties in the United States that have shown favorable characteristics for the discovery of oil, natural gas and other minerals, and entering into joint ventures to acquire assets in areas in the continental United States. The Company was founded in 2008 and is based in Irvine, Calif.
Their strategy creates value for our assets and shareholders through:
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Further exploration of existing properties
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Property portfolio management
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Pursuit of strategic transactions
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Maintenance of financial flexibility
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Strategic alignment
Right now, New Western Energy Corp. (NWTR) is sitting on 13.7 million barrels of oil valued at $1.3 billion --and the value of every barrel it owns could increase right along with the price of oil.
And get this: Despite its 13.7 million barrels of oil --and the fact that the company is already producing oil in Oklahoma and Texas--its shares are priced like it's a debt-ridden, fly-by-night exploration company.
Simply put, this company is potentially a perfect candidate for short-term profits...
A unique opportunity with a hugely undervalued company!
Right now, New Western Energy is trading for .18 cents a share. But with nearly $1.3 billion worth of recoverable reserves (at today's oil prices)
Worse case scenario --- what if NWTR only hit's $1.00 per share based on Zacks Investment Research recent price target of $2.00 per share!
That means...
20,000 x .18 cents is $3,600
20,000 x 1.00 is $20,000
Meaning over $16,000 in profits potential...
Start Your Research Immediately!
As always we encourage subscribers to do their own due diligence and view the company website : www.newwesternenergy.com
Sincerely,
GrowingStocksReport
