Todays Report: The 325,300 Shares of Stock are sold by Penn West Petroleum Ltd. (PWE) Insider Cheuk Fund Ho

The 325,300 Shares of Stock are sold by Penn West Petroleum Ltd. (PWE) Insider Cheuk Fund Ho

Penn West Petroleum Ltd. (NYSE:PWE) insider Cheuk Fund Ho sold 325,300 shares of the firm’s stock in a transaction on Friday, September 23rd. The shares were sold at an average price of $1.83, for a total transaction of $595,299.00. Following the sale, the insider now owns 48,780,897 shares in the company, valued at approximately $89,269,041.51. The transaction was disclosed in a document filed with the SEC, which is accessible through 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 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 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.

Shares of Penn West Petroleum Ltd. (NYSE:PWE) opened at 1.84 on Thursday. The company’s market cap is $923.98 million. Penn West Petroleum Ltd. has a 52 week low of $0.48 and a 52 week high of $1.97. The stock’s 50 day moving average is $1.75 and its 200-day moving average is $1.30.

A number of hedge funds and other institutional investors have recently modified their holdings of PWE. Vanguard Group Inc. boosted its position 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 valued at $11,633,000 after buying an additional 1,108,448 shares during the last quarter. Scoggin Management LP acquired a new position in shares of Penn West Petroleum during the second quarter valued at about $5,226,000. Legal & General Group Plc boosted its position in shares of Penn West Petroleum by 7.5% in the second quarter. Legal & General Group Plc now owns 2,807,253 shares of the company’s stock valued at $3,884,000 after buying an additional 195,746 shares during the last quarter. GMT Capital Corp acquired a new position in shares of Penn West Petroleum during the second quarter valued at about $1,752,000. Finally, Commonwealth Bank of Australia boosted its position in shares of Penn West Petroleum by 11.0% in the second quarter. Commonwealth Bank of Australia now owns 756,220 shares of the company’s stock valued at $1,051,000 after buying an additional 74,800 shares during the last quarter. Institutional investors own 13.98% of the company’s stock.

PWE has been the topic of a number of analyst reports. Desjardins reiterated a “hold” rating and issued a $1.75 target price on shares of Penn West Petroleum in a research report on Wednesday, June 15th. Scotiabank upgraded shares of Penn West Petroleum from an “underperform” rating to a “sector perform” rating and lifted their target price 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 lifted their target price 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 lifted their target price for the stock from $1.50 to $2.00 in a research report on Friday, July 22nd. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the stock. Penn West Petroleum presently has an average rating of “Hold” and a consensus target price of $1.69.

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