Penn West Petroleum Ltd. (NYSE:PWE) insider Cheuk Fund Ho sold 1,650,000 shares of the business’s stock in a transaction on Thursday, September 29th. The shares were sold at an average price of $1.86, for a total transaction of $3,069,000.00. Following the completion of the sale, the insider now directly owns 48,780,897 shares in the company, valued at approximately $90,732,468.42. The sale was disclosed in a legal filing with the SEC, 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 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 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 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 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 stock was sold at an average price of $1.80, for a total transaction of $236,700.00.

Penn West Petroleum Ltd. (NYSE:PWE) opened at 1.84 on Thursday. The firm’s market cap is $923.98 million. Penn West Petroleum Ltd. has a 12 month low of $0.48 and a 12 month high of $1.97. 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)

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Creative Planning boosted 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 worth $833,000 after buying an additional 4,171 shares in the last quarter. Scotia Capital Inc. boosted its position in Penn West Petroleum by 1.7% in the second quarter. Scotia Capital Inc. now owns 425,778 shares of the company’s stock worth $587,000 after buying an additional 7,148 shares in the last quarter. KCG Holdings Inc. boosted its position in Penn West Petroleum by 25.7% in the second quarter. KCG Holdings Inc. now owns 107,735 shares of the company’s stock worth $150,000 after buying an additional 22,052 shares in the last quarter. WealthTrust Axiom LLC boosted its position in Penn West Petroleum by 13.8% in the second quarter. WealthTrust Axiom LLC now owns 188,100 shares of the company’s stock worth $261,000 after buying an additional 22,750 shares in the last quarter. Finally, UBS Asset Management Americas Inc. boosted its position in Penn West Petroleum by 8.7% in the second quarter. UBS Asset Management Americas Inc. now owns 296,226 shares of the company’s stock worth $411,000 after buying an additional 23,700 shares in the last quarter. Hedge funds and other institutional investors own 13.98% of the company’s stock.

Several research firms have recently weighed in on PWE. TD Securities raised shares of Penn West Petroleum from a “reduce” rating to a “hold” rating in a report on Thursday, September 15th. RBC Capital Markets reaffirmed a “sector perform” rating and issued a $2.50 target price (up previously from $2.30) on shares of Penn West Petroleum in a report on Thursday, September 8th. Zacks Investment Research raised shares of Penn West Petroleum from a “sell” rating to a “hold” rating in a report on Thursday, August 25th. Scotiabank reaffirmed a “sector perform” rating and issued a $2.00 target price on shares of Penn West Petroleum in a report on Wednesday, August 10th. Finally, Barclays PLC raised shares of Penn West Petroleum from an “underweight” rating to an “equal weight” rating and upped their target price for the stock from $1.50 to $2.00 in a report on Friday, July 22nd. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the stock. The stock presently has a consensus 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

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