Penn West Petroleum Ltd. (NYSE:PWE) insider Cheuk Fund Ho sold 825,500 shares of the firm’s stock in a transaction that occurred on Wednesday, October 12th. The shares were sold at an average price of $1.87, for a total transaction of $1,543,685.00. Following the transaction, the insider now directly owns 36,355,577 shares in the company, valued at approximately $67,984,928.99. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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 Thursday, October 13th, Cheuk Fund Ho sold 1,020,000 shares of Penn West Petroleum stock. The shares were sold at an average price of $1.83, for a total transaction of $1,866,600.00.
  • 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 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 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 value of $1,738,282.00.

Shares of Penn West Petroleum Ltd. (NYSE:PWE) opened at 1.76 on Tuesday. The firm’s market cap is $883.81 million. Penn West Petroleum Ltd. has a 1-year low of $0.48 and a 1-year high of $1.97. 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. Scoggin Management LP purchased a new stake in Penn West Petroleum during the second quarter valued at approximately $5,226,000. GMT Capital Corp bought a new stake in shares of Penn West Petroleum during the second quarter worth about $1,752,000. Vanguard Group Inc. boosted its stake in shares of 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 in the last quarter. LMR Partners LLP bought a new stake in shares of Penn West Petroleum during the second quarter worth about $1,015,000. Finally, Lorber David A bought a new stake in shares of Penn West Petroleum during the first quarter worth about $570,000. Hedge funds and other institutional investors own 13.97% of the company’s stock.

Several equities analysts have commented on PWE shares. Barclays PLC upgraded Penn West Petroleum from an “underweight” rating to an “equal weight” rating and increased their price target for the company from $1.50 to $2.00 in a report on Friday, July 22nd. Zacks Investment Research upgraded Penn West Petroleum from a “sell” rating to a “hold” rating in a report on Thursday, August 25th. TD Securities upgraded Penn West Petroleum from a “reduce” rating to a “hold” rating in a report on Thursday, September 15th. Royal Bank Of Canada upgraded Penn West Petroleum from an “underperform” rating to a “sector perform” rating and increased their price target for the company from $0.90 to $2.00 in a report on Monday, June 27th. Finally, RBC Capital Markets reiterated a “sector perform” rating and set a $2.50 price target (up previously from $2.30) on shares of Penn West Petroleum in a report on Thursday, September 8th. 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 has a consensus rating of “Hold” and an average price target 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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