Penn West Petroleum Ltd. (NYSE:PWE) insider Cheuk Fund Ho sold 1,140,000 shares of Penn West Petroleum stock in a transaction dated Thursday, October 6th. The shares were sold at an average price of $1.92, for a total transaction of $2,188,800.00. Following the completion of the transaction, the insider now directly owns 48,780,897 shares of the company’s stock, valued at $93,659,322.24. The transaction was disclosed in a legal filing with the SEC, which is accessible through 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 transaction 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 transaction 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 transaction of $1,457,379.00.
  • 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 transaction 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 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.

Shares of Penn West Petroleum Ltd. (NYSE:PWE) opened at 1.84 on Thursday. Penn West Petroleum Ltd. has a 12-month low of $0.48 and a 12-month high of $1.97. The company has a 50 day moving average of $1.75 and a 200-day moving average of $1.30. The company’s market capitalization is $923.98 million.

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

Large investors have recently modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of Penn West Petroleum by 15.3% in the second quarter. Vanguard Group Inc. now owns 8,369,036 shares of the company’s stock worth $11,633,000 after buying an additional 1,108,448 shares in the last quarter. Scoggin Management LP bought a new stake in shares of Penn West Petroleum during the second quarter worth approximately $5,226,000. Legal & General Group Plc raised its stake in shares of Penn West Petroleum by 7.5% in the second quarter. Legal & General Group Plc now owns 2,807,253 shares of the company’s stock worth $3,884,000 after buying an additional 195,746 shares in the last quarter. GMT Capital Corp bought a new stake in shares of Penn West Petroleum during the second quarter worth approximately $1,752,000. Finally, Commonwealth Bank of Australia raised its stake in shares of Penn West Petroleum by 11.0% in the second quarter. Commonwealth Bank of Australia now owns 756,220 shares of the company’s stock worth $1,051,000 after buying an additional 74,800 shares in the last quarter. 13.98% of the stock is currently owned by hedge funds and other institutional investors.

A number of research analysts have issued reports on PWE shares. Desjardins reissued a “hold” rating and set a $1.75 target price on shares of Penn West Petroleum in a research note on Wednesday, June 15th. Scotiabank raised shares of Penn West Petroleum from an “underperform” rating to a “sector perform” rating and boosted their target price for the company from $0.75 to $2.25 in a research note on Wednesday, June 15th. Royal Bank Of Canada raised shares of Penn West Petroleum from an “underperform” rating to a “sector perform” rating and boosted their target price for the company from $0.90 to $2.00 in a research note on Monday, June 27th. Zacks Investment Research lowered shares of Penn West Petroleum from a “hold” rating to a “sell” rating in a research note on Wednesday, June 29th. Finally, Barclays PLC raised shares of Penn West Petroleum from an “underweight” rating to an “equal weight” rating and boosted their target price for the company from $1.50 to $2.00 in a research note on Friday, July 22nd. Three analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $1.69.

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

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