Penn West Petroleum Ltd. (NYSE:PWE) insider Cheuk Fund Ho sold 771,100 shares of the company’s stock in a transaction dated Friday, October 7th. The stock was sold at an average price of $1.89, for a total transaction of $1,457,379.00. Following the sale, the insider now directly owns 48,780,897 shares of the company’s stock, valued at approximately $92,195,895.33. The transaction was disclosed in a 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 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 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 stock was 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 stock was 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 stock was 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 stock was 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 stock was 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 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 12-month low of $0.48 and a 12-month high of $1.97. The company’s market cap is $923.98 million.

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

Several equities research analysts recently weighed in on the stock. TD Securities raised shares of Penn West Petroleum from a “reduce” rating to a “hold” rating in a research report on Thursday, September 15th. RBC Capital Markets reaffirmed a “sector perform” rating and set a $2.50 price objective (up previously from $2.30) on shares of Penn West Petroleum in a research report on Thursday, September 8th. Desjardins reaffirmed a “hold” rating and set a $1.75 price objective on shares of Penn West Petroleum in a research report on Wednesday, June 15th. Scotiabank raised shares of Penn West Petroleum from an “underperform” rating to a “sector perform” rating and upped their price objective for the stock from $0.75 to $2.25 in a research report on Wednesday, June 15th. Finally, 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. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company’s stock. Penn West Petroleum presently has an average rating of “Hold” and a consensus target price of $1.69.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Scoggin Management LP bought a new position in Penn West Petroleum during the second quarter worth $5,226,000. GMT Capital Corp bought a new position in Penn West Petroleum during the second quarter worth $1,752,000. Vanguard Group Inc. raised its position 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 worth $11,633,000 after buying an additional 1,108,448 shares during the last quarter. LMR Partners LLP bought a new position in Penn West Petroleum during the second quarter worth $1,015,000. Finally, Lorber David A bought a new position in Penn West Petroleum during the first quarter worth $570,000. 13.98% of the stock is owned by institutional investors and hedge funds.

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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