Penn West Petroleum Ltd. (NYSE:PWE) insider Cheuk Fund Ho sold 955,100 shares of Penn West Petroleum stock in a transaction dated Friday, September 30th. The stock was sold at an average price of $1.82, for a total value of $1,738,282.00. Following the sale, the insider now directly owns 48,780,897 shares of the company’s stock, valued at approximately $88,781,232.54. The sale was disclosed in a legal filing with the SEC, which is accessible 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 stock was sold at an average price of $1.92, for a total value 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 value 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 value 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 value of $1,373,964.80.
  • 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 value 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 value 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 value of $236,700.00.

Shares of Penn West Petroleum Ltd. (NYSE:PWE) opened at 1.84 on Thursday. Penn West Petroleum Ltd. has a 1-year low of $0.48 and a 1-year high of $1.97. The stock’s market capitalization is $923.98 million. The firm’s 50-day moving average price is $1.75 and its 200 day moving average price is $1.30.

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

Several brokerages have recently issued reports on PWE. Barclays PLC raised Penn West Petroleum from an “underweight” rating to an “equal weight” rating and boosted their price objective for the company from $1.50 to $2.00 in a report on Friday, July 22nd. Scotiabank raised Penn West Petroleum from an “underperform” rating to a “sector perform” rating and boosted their price objective for the company from $0.75 to $2.25 in a report on Wednesday, June 15th. RBC Capital Markets reissued a “sector perform” rating and issued a $2.50 price objective (up previously from $2.30) on shares of Penn West Petroleum in a report on Thursday, September 8th. Zacks Investment Research raised Penn West Petroleum from a “sell” rating to a “hold” rating in a report on Thursday, August 25th. Finally, Desjardins reissued a “hold” rating and issued a $1.75 price objective on shares of Penn West Petroleum in a report on Wednesday, June 15th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the stock. Penn West Petroleum has a consensus rating of “Hold” and a consensus target price of $1.69.

A number of large investors have recently made changes to their positions in PWE. Creative Planning increased its stake in shares of 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 during the last quarter. Scotia Capital Inc. increased its stake in shares of 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 during the last quarter. KCG Holdings Inc. increased its stake in shares of 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 during the last quarter. WealthTrust Axiom LLC increased its stake in shares of 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. Finally, UBS Asset Management Americas Inc. increased its stake in shares of 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 during the last quarter. Hedge funds and other institutional investors own 13.98% of the company’s stock.

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

Receive News & Stock Ratings for Penn West Petroleum Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Penn West Petroleum Ltd. and related stocks with our FREE daily email newsletter.