Penn West Petroleum Ltd. (NYSE:PWE) insider Cheuk Fund Ho sold 746,720 shares of Penn West Petroleum stock in a transaction on Monday, October 3rd. The shares were sold at an average price of $1.84, for a total value of $1,373,964.80. Following the completion of the transaction, the insider now owns 48,780,897 shares in the company, valued at $89,756,850.48. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Cheuk Fund Ho also recently made the following trade(s):

  • On Tuesday, October 11th, Cheuk Fund Ho sold 627,300 shares of Penn West Petroleum stock. The shares were sold at an average price of $1.90, for a total value of $1,191,870.00.
  • On Monday, October 10th, Cheuk Fund Ho sold 446,800 shares of Penn West Petroleum stock. The shares were sold at an average price of $1.91, for a total value of $853,388.00.
  • On Friday, October 7th, Cheuk Fund Ho sold 771,100 shares of Penn West Petroleum stock. The shares were sold at an average price of $1.89, for a total value of $1,457,379.00.
  • On Thursday, October 6th, Cheuk Fund Ho sold 1,140,000 shares of Penn West Petroleum stock. The shares were sold at an average price of $1.92, for a total value of $2,188,800.00.
  • On Wednesday, October 5th, Cheuk Fund Ho sold 1,140,000 shares of Penn West Petroleum stock. The shares were sold at an average price of $1.91, for a total value of $2,177,400.00.
  • On Tuesday, October 4th, Cheuk Fund Ho sold 690,000 shares of Penn West Petroleum stock. The shares were sold at an average price of $1.85, for a total value of $1,276,500.00.
  • On Friday, September 30th, Cheuk Fund Ho sold 955,100 shares of Penn West Petroleum stock. The shares were sold at an average price of $1.82, for a total value of $1,738,282.00.
  • On Thursday, September 29th, Cheuk Fund Ho sold 1,650,000 shares of Penn West Petroleum stock. The shares were sold at an average price of $1.86, for a total value of $3,069,000.00.
  • On Wednesday, September 28th, Cheuk Fund Ho sold 1,560,000 shares of Penn West Petroleum stock. The shares were sold at an average price of $1.82, for a total value of $2,839,200.00.
  • On Monday, September 26th, Cheuk Fund Ho sold 131,500 shares of Penn West Petroleum stock. The shares were sold at an average price of $1.80, for a total value of $236,700.00.

Shares of Penn West Petroleum Ltd. (NYSE:PWE) traded down 2.65% during trading on Wednesday, hitting $1.84. The stock had a trading volume of 3,765,013 shares. The stock’s 50-day moving average is $1.75 and its 200-day moving average is $1.30. Penn West Petroleum Ltd. has a 12-month low of $0.48 and a 12-month high of $1.97. The stock’s market cap is $923.98 million.

Insider Buying and Selling by Quarter for Penn West Petroleum (NYSE:PWE)

A number of analysts have recently weighed in on the company. TD Securities raised Penn West Petroleum from a “reduce” rating to a “hold” rating in a research report on Thursday, September 15th. RBC Capital Markets reissued a “sector perform” rating and issued a $2.50 price objective (up previously from $2.30) on shares of Penn West Petroleum in a research report on Thursday, September 8th. Desjardins reissued a “hold” rating and issued a $1.75 price objective on shares of Penn West Petroleum in a research report on Wednesday, June 15th. Scotiabank raised Penn West Petroleum from an “underperform” rating to a “sector perform” rating and raised their price objective for the stock from $0.75 to $2.25 in a research report on Wednesday, June 15th. Finally, Zacks Investment Research cut Penn West Petroleum from a “hold” rating to a “sell” rating in a research report on Wednesday, June 29th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the company. Penn West Petroleum currently has an average rating of “Hold” and an average price target of $1.69.

Several hedge funds have recently bought and sold shares of the company. Spark Investment Management LLC raised its stake in Penn West Petroleum by 291.5% in the first quarter. Spark Investment Management LLC now owns 536,400 shares of the company’s stock worth $494,000 after buying an additional 399,400 shares in the last quarter. Scotia Capital Inc. raised its position in Penn West Petroleum by 9.9% in the first quarter. Scotia Capital Inc. now owns 418,630 shares of the company’s stock valued at $384,000 after buying an additional 37,589 shares during the period. Renaissance Technologies LLC raised its position in Penn West Petroleum by 144.1% in the first quarter. Renaissance Technologies LLC now owns 294,103 shares of the company’s stock valued at $273,000 after buying an additional 173,605 shares during the period. Lorber David A acquired a new position in Penn West Petroleum during the first quarter valued at approximately $570,000. Finally, BNP Paribas Arbitrage SA raised its position in Penn West Petroleum by 273.0% in the second quarter. BNP Paribas Arbitrage SA now owns 185,277 shares of the company’s stock valued at $255,000 after buying an additional 135,600 shares during the period. 13.98% of the stock is currently owned by institutional investors and hedge funds.

About Penn West Petroleum

Penn West Petroleum Ltd. (Penn West) is an exploration and production company. The Company operates in the segment of exploring for, developing and holding interests in oil and natural gas properties, and related production infrastructure in the Western Canada Sedimentary Basin directly and through investments in securities of subsidiaries holding such interests.

5 Day Chart for NYSE:PWE

Receive News & Stock Ratings for Penn West Petroleum Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Penn West Petroleum Ltd. and related stocks with our FREE daily email newsletter.