Penn West Petroleum Ltd. (NYSE:PWE) insider Cheuk Fund Ho sold 595,900 shares of Penn West Petroleum stock in a transaction that occurred on Tuesday, September 20th. The shares were sold at an average price of $1.81, for a total value of $1,078,579.00. Following the sale, the insider now directly owns 48,780,897 shares in the company, valued at $88,293,423.57. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

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 value 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 value 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 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 firm’s market cap is $923.98 million. The stock has a 50 day moving average of $1.75 and a 200 day moving average of $1.30. 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 research analysts have recently issued reports on PWE shares. Desjardins reiterated a “hold” rating and issued a $1.75 target price on shares of Penn West Petroleum in a research note on Wednesday, June 15th. Scotiabank upgraded shares of Penn West Petroleum from an “underperform” rating to a “sector perform” rating and boosted their price objective for the stock from $0.75 to $2.25 in a research report on Wednesday, June 15th. Royal Bank Of Canada upgraded shares of Penn West Petroleum from an “underperform” rating to a “sector perform” rating and boosted their price objective for the stock from $0.90 to $2.00 in a research report on Monday, June 27th. Zacks Investment Research cut shares of Penn West Petroleum from a “hold” rating to a “sell” rating in a research report on Wednesday, June 29th. Finally, Barclays PLC upgraded shares of Penn West Petroleum from an “underweight” rating to an “equal weight” rating and boosted their price objective for the stock 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 assigned a hold rating and one has given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $1.69.

A number of large investors have recently bought and sold shares of the company. Clear Harbor Asset Management LLC boosted its stake in Penn West Petroleum by 327.5% in the second quarter. Clear Harbor Asset Management LLC now owns 420,655 shares of the company’s stock worth $585,000 after buying an additional 322,255 shares during the last quarter. LMR Partners LLP bought a new stake in Penn West Petroleum during the second quarter worth approximately $1,015,000. Lorber David A bought a new stake in Penn West Petroleum during the first quarter worth approximately $570,000. Renaissance Technologies LLC boosted its stake in Penn West Petroleum by 144.1% in the first quarter. Renaissance Technologies LLC now owns 294,103 shares of the company’s stock worth $273,000 after buying an additional 173,605 shares during the last quarter. Finally, WealthTrust Axiom LLC boosted its stake 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 during the last quarter. Institutional investors and hedge funds 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.

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