Penn West Petroleum Ltd. (NYSE:PWE) insider Cheuk Fund Ho sold 1,020,000 shares of the stock in a transaction that occurred on Thursday, October 13th. The stock was sold at an average price of $1.83, for a total transaction of $1,866,600.00. Following the sale, the insider now owns 35,335,577 shares in the company, valued at $64,664,105.91. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Cheuk Fund Ho also recently made the following trade(s):

  • On Friday, October 14th, Cheuk Fund Ho sold 1,044,900 shares of Penn West Petroleum stock. The shares were sold at an average price of $1.90, for a total transaction of $1,985,310.00.
  • On Wednesday, October 12th, Cheuk Fund Ho sold 825,500 shares of Penn West Petroleum stock. The shares were sold at an average price of $1.87, for a total transaction of $1,543,685.00.
  • 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 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 transaction 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 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.

Penn West Petroleum Ltd. (NYSE:PWE) opened at 1.76 on Tuesday. Penn West Petroleum Ltd. has a 12 month low of $0.48 and a 12 month high of $1.97. The stock’s market capitalization is $883.81 million. The firm’s 50-day moving average is $1.76 and its 200 day moving average is $1.32.

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

A number of large investors have recently added to or reduced their stakes in PWE. Hillsdale Investment Management Inc. acquired a new stake in Penn West Petroleum during the second quarter valued at about $105,000. PNC Financial Services Group Inc. increased its stake in Penn West Petroleum by 227.8% in the second quarter. PNC Financial Services Group Inc. now owns 87,096 shares of the company’s stock valued at $121,000 after buying an additional 60,525 shares in the last quarter. KCG Holdings Inc. increased its stake in Penn West Petroleum by 25.7% in the second quarter. KCG Holdings Inc. now owns 107,735 shares of the company’s stock valued at $150,000 after buying an additional 22,052 shares in the last quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp acquired a new stake in Penn West Petroleum during the second quarter valued at about $222,000. Finally, BNP Paribas Arbitrage SA increased its stake in Penn West Petroleum by 273.0% in the second quarter. BNP Paribas Arbitrage SA now owns 185,277 shares of the company’s stock valued at $255,000 after buying an additional 135,600 shares in the last quarter. Institutional investors own 13.97% of the company’s stock.

A number of equities research analysts have recently weighed in on the stock. Zacks Investment Research upgraded shares of Penn West Petroleum from a “sell” rating to a “hold” rating in a 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 report on Wednesday, August 10th. TD Securities upgraded shares of Penn West Petroleum from a “reduce” rating to a “hold” rating in a research note on Thursday, September 15th. RBC Capital Markets reiterated a “sector perform” rating and set a $2.50 price target (up from $2.30) on shares of Penn West Petroleum in a research note on Thursday, September 8th. Finally, Royal Bank Of Canada upgraded shares of Penn West Petroleum from an “underperform” rating to a “sector perform” rating and lifted their price target for the stock from $0.90 to $2.00 in a research note on Monday, June 27th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $1.69.

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

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