Penn West Petroleum Ltd. (NYSE:PWE) insider Cheuk Fund Ho sold 446,800 shares of the company’s stock in a transaction on Monday, October 10th. The shares were sold at an average price of $1.91, for a total transaction of $853,388.00. 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 legal filing with the SEC, which is accessible 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 shares were sold at an average price of $1.90, for a total transaction of $1,191,870.00.
  • 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 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) opened at 1.84 on Thursday. The firm’s market capitalization is $923.98 million. Penn West Petroleum Ltd. has a 1-year low of $0.48 and a 1-year high of $1.97. The stock’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 large investors have recently bought and sold shares of PWE. Vanguard Group Inc. increased 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. Scoggin Management LP bought a new stake in Penn West Petroleum during the second quarter valued at $5,226,000. Legal & General Group Plc increased its stake 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 period. GMT Capital Corp bought a new stake in Penn West Petroleum during the second quarter valued at $1,752,000. Finally, Commonwealth Bank of Australia increased its stake in Penn West Petroleum by 11.0% in the second quarter. Commonwealth Bank of Australia now owns 756,220 shares of the company’s stock valued at $1,051,000 after buying an additional 74,800 shares during the period. 13.98% of the stock is owned by hedge funds and other institutional investors.

A number of analysts recently commented 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 restated a “sector perform” rating and issued a $2.50 price objective (up previously 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 restated a “sector perform” rating and issued a $2.00 price objective 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 upped their price objective for the company from $1.50 to $2.00 in a research report on Friday, July 22nd. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target 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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