Trading Report: The 720,000 Shares of Stock are sold by Insider Selling: Penn West Petroleum Ltd. (PWE) Insider

The 720,000 Shares of Stock are sold by Insider Selling: Penn West Petroleum Ltd. (PWE) Insider

Penn West Petroleum Ltd. (NYSE:PWE) insider Cheuk Fund Ho sold 720,000 shares of the business’s stock in a transaction on Thursday, September 22nd. The shares were sold at an average price of $1.85, for a total value of $1,332,000.00. Following the completion of the transaction, the insider now owns 48,780,897 shares of the company’s stock, valued at $90,244,659.45. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

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 value 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 value 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 value 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 value 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. 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.

Penn West Petroleum Ltd. (NYSE:PWE) traded down 2.65% during trading on Wednesday, reaching $1.84. 3,765,013 shares of the company’s stock were exchanged. The company’s market capitalization is $923.98 million. The company’s 50-day moving average is $1.75 and its 200-day moving average is $1.30. Penn West Petroleum Ltd. has a 1-year low of $0.48 and a 1-year high of $1.97.

Several brokerages have recently issued reports on PWE. RBC Capital Markets reissued a “sector perform” rating and set a $2.50 price objective (up from $2.30) on shares of Penn West Petroleum in a research note on Thursday, September 8th. TD Securities raised shares of Penn West Petroleum from a “reduce” rating to a “hold” rating in a research note on Thursday, September 15th. Zacks Investment Research raised shares of Penn West Petroleum from a “sell” rating to a “hold” rating in a research note on Thursday, August 25th. Scotiabank reissued a “sector perform” rating and set a $2.00 price objective on shares of Penn West Petroleum in a research note on Wednesday, August 10th. Finally, Barclays PLC raised shares of 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 research note on Friday, July 22nd. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the company. Penn West Petroleum currently has an average rating of “Hold” and an average target price of $1.69.

Several large investors have recently modified their holdings of the stock. 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 valued at $833,000 after buying an additional 4,171 shares during the period. Hillsdale Investment Management Inc. purchased a new stake in shares of Penn West Petroleum during the second quarter valued at approximately $105,000. Legal & General Group Plc increased its stake 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 period. Cubist Systematic Strategies LLC increased its stake in shares of Penn West Petroleum by 1,777.9% in the second quarter. Cubist Systematic Strategies LLC now owns 383,595 shares of the company’s stock valued at $533,000 after buying an additional 363,168 shares during the period. Finally, Paloma Partners Management Co purchased a new stake in shares of Penn West Petroleum during the second quarter valued at approximately $284,000. Institutional investors and hedge funds own 13.98% of the company’s stock.

Penn West Petroleum Company Profile

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