Penn West Petroleum Ltd. (NYSE:PWE) insider Cheuk Fund Ho sold 325,300 shares of the business’s stock in a transaction that occurred on Friday, September 23rd. The stock was sold at an average price of $1.83, for a total value of $595,299.00. Following the sale, the insider now owns 48,780,897 shares of the company’s stock, valued at approximately $89,269,041.51. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed 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 value 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 value 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 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 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 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. The stock’s 50 day moving average is $1.75 and its 200 day moving average is $1.30. The firm’s market capitalization is $923.98 million. Penn West Petroleum Ltd. has a one year low of $0.48 and a one year high of $1.97.

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

A number of equities research analysts have recently weighed in on the stock. TD Securities upgraded shares of Penn West Petroleum from a “reduce” rating to a “hold” rating in a research report on Thursday, September 15th. RBC Capital Markets reiterated a “sector perform” rating and issued a $2.50 price target (up from $2.30) on shares of Penn West Petroleum in a research report on Thursday, September 8th. Zacks Investment Research upgraded shares of Penn West Petroleum from a “sell” rating to a “hold” rating in a research report on Thursday, August 25th. Scotiabank reiterated a “sector perform” rating and issued a $2.00 price target on shares of Penn West Petroleum in a research report on Wednesday, August 10th. Finally, Barclays PLC upgraded shares of Penn West Petroleum from an “underweight” rating to an “equal weight” rating and lifted their price target for the company from $1.50 to $2.00 in a research report on Friday, July 22nd. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the company’s stock. Penn West Petroleum has a consensus rating of “Hold” and an average target price of $1.69.

Hedge funds have recently bought and sold shares of the stock. Scoggin Management LP bought a new stake in Penn West Petroleum during the second quarter valued at $5,226,000. GMT Capital Corp bought a new stake in Penn West Petroleum during the second quarter valued at $1,752,000. Vanguard Group Inc. boosted its stake in Penn West Petroleum by 15.3% in the second quarter. Vanguard Group Inc. now owns 8,369,036 shares of the company’s stock valued at $11,633,000 after buying an additional 1,108,448 shares during the period. LMR Partners LLP bought a new stake in Penn West Petroleum during the second quarter valued at $1,015,000. Finally, Lorber David A bought a new stake in Penn West Petroleum during the first quarter valued at $570,000. Hedge funds and other institutional investors own 13.98% of the company’s stock.

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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