Penn West Petroleum Ltd. (NYSE:PWE) insider Cheuk Fund Ho sold 1,140,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 5th. The stock was sold at an average price of $1.91, for a total transaction of $2,177,400.00. Following the sale, the insider now owns 48,780,897 shares of the company’s stock, valued at approximately $93,171,513.27. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

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 stock was sold at an average price of $1.90, for a total transaction of $1,191,870.00.
  • On Monday, October 10th, Cheuk Fund Ho sold 446,800 shares of Penn West Petroleum stock. The stock was sold at an average price of $1.91, for a total transaction of $853,388.00.
  • On Friday, October 7th, Cheuk Fund Ho sold 771,100 shares of Penn West Petroleum stock. The stock was sold at an average price of $1.89, for a total transaction 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 transaction of $2,188,800.00.
  • 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 transaction of $1,276,500.00.
  • On Monday, October 3rd, Cheuk Fund Ho sold 746,720 shares of Penn West Petroleum stock. The shares were sold at an average price of $1.84, for a total transaction of $1,373,964.80.
  • 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 transaction 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 transaction 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 transaction 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 transaction of $236,700.00.

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

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

A number of institutional investors have recently modified their holdings of PWE. Hillsdale Investment Management Inc. bought a new position in shares of Penn West Petroleum during the second quarter valued at approximately $105,000. PNC Financial Services Group Inc. raised its position in shares of Penn West Petroleum by 227.8% in the second quarter. PNC Financial Services Group Inc. now owns 87,096 shares of the company’s stock valued at $121,000 after buying an additional 60,525 shares during the period. KCG Holdings Inc. raised its position in shares of Penn West Petroleum by 25.7% in the second quarter. KCG Holdings Inc. now owns 107,735 shares of the company’s stock valued at $150,000 after buying an additional 22,052 shares during the period. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp bought a new position in shares of Penn West Petroleum during the second quarter valued at approximately $222,000. Finally, BNP Paribas Arbitrage SA raised its position in shares of 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 owned by hedge funds and other institutional investors.

Several analysts recently weighed in on PWE shares. Scotiabank upgraded shares of Penn West Petroleum from an “underperform” rating to a “sector perform” rating and lifted their target price for the company from $0.75 to $2.25 in a report on Wednesday, June 15th. Desjardins reiterated a “hold” rating and issued a $1.75 target price on shares of Penn West Petroleum in a report on Wednesday, June 15th. Barclays PLC upgraded shares of Penn West Petroleum from an “underweight” rating to an “equal weight” rating and lifted their target price for the company from $1.50 to $2.00 in a report on Friday, July 22nd. Royal Bank Of Canada upgraded shares of Penn West Petroleum from an “underperform” rating to a “sector perform” rating and lifted their target price for the company from $0.90 to $2.00 in a report on Monday, June 27th. Finally, Zacks Investment Research downgraded shares of Penn West Petroleum from a “hold” rating to a “sell” rating in a report on Wednesday, June 29th. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company’s stock. Penn West Petroleum has an average rating of “Hold” and a consensus price target of $1.69.

Penn West Petroleum Company Profile

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.