Penn West Petroleum Ltd. (NYSE:PWE) insider Cheuk Fund Ho sold 131,500 shares of Penn West Petroleum stock in a transaction dated Monday, September 26th. The stock was sold at an average price of $1.80, for a total transaction of $236,700.00. Following the transaction, the insider now directly owns 48,780,897 shares in the company, valued at $87,805,614.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available 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 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 stock was sold at an average price of $1.92, for a total transaction of $2,188,800.00.
  • On Wednesday, October 5th, Cheuk Fund Ho sold 1,140,000 shares of Penn West Petroleum stock. The stock was 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.

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 firm’s market cap is $923.98 million. The firm’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 hedge funds and other institutional investors have recently bought and sold shares of PWE. Creative Planning raised its position in Penn West Petroleum by 0.9% in the third quarter. Creative Planning now owns 460,275 shares of the company’s stock valued at $833,000 after buying an additional 4,171 shares during the last quarter. Hillsdale Investment Management Inc. acquired a new position in Penn West Petroleum during the second quarter valued at approximately $105,000. Legal & General Group Plc raised its position in 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 valued at $3,884,000 after buying an additional 195,746 shares during the last quarter. Cubist Systematic Strategies LLC raised its position in Penn West Petroleum by 1,777.9% in the second quarter. Cubist Systematic Strategies LLC now owns 383,595 shares of the company’s stock valued at $533,000 after buying an additional 363,168 shares during the last quarter. Finally, Paloma Partners Management Co acquired a new position in Penn West Petroleum during the second quarter valued at approximately $284,000. Hedge funds and other institutional investors own 13.98% of the company’s stock.

A number of equities research analysts have recently issued reports on PWE shares. Royal Bank Of Canada raised shares of Penn West Petroleum from an “underperform” rating to a “sector perform” rating and boosted their price target for the company from $0.90 to $2.00 in a research note on Monday, June 27th. Barclays PLC raised shares of Penn West Petroleum from an “underweight” rating to an “equal weight” rating and boosted their price target for the company from $1.50 to $2.00 in a research note on Friday, July 22nd. Zacks Investment Research raised shares of Penn West Petroleum from a “sell” rating to a “hold” rating in a research note on Thursday, August 25th. Scotiabank reissued a “sector perform” rating and issued a $2.00 price target on shares of Penn West Petroleum in a research note on Wednesday, August 10th. Finally, Desjardins reissued a “hold” rating and issued a $1.75 price target on shares of Penn West Petroleum in a research note on Wednesday, June 15th. 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. Penn West Petroleum currently has a consensus rating of “Hold” and a consensus target price 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.