The 131,500 Shares of Penn West Petroleum Ltd. (PWE) Stock are sold by Cheuk Fund Ho

The 131,500 Shares of Penn West Petroleum Ltd. (PWE) Stock are sold by Cheuk Fund Ho

Penn West Petroleum Ltd. (NYSE:PWE) insider Cheuk Fund Ho sold 131,500 shares of Penn West Petroleum stock in a transaction dated Monday, September 26th. The stock was sold at an average price of $1.80, for a total transaction of $236,700.00. Following the completion of the sale, the insider now directly owns 48,780,897 shares in the company, valued at approximately $87,805,614.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Cheuk Fund Ho also recently made the following trade(s): On Wednesday, October 12th, Cheuk Fund Ho sold 825,500 shares of Penn West Petroleum stock. The stock was 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 stock was 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 stock was 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 stock was 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 stock was 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 stock was 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 stock was 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 stock was 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 shares were sold at an average price of $1.86, for a total transaction of $3,069,000.00.

Shares of Penn West Petroleum Ltd. (NYSE:PWE) opened at 1.88 on Friday. The stock has a 50 day moving average of $1.75 and a 200-day moving average of $1.30. The stock’s market cap is $944.06 million. Penn West Petroleum Ltd. has a 52 week low of $0.48 and a 52 week high of $1.97.

Institutional investors have recently modified their holdings of the company. Hillsdale Investment Management Inc. acquired a new position in shares of Penn West Petroleum during the second quarter valued at $105,000. PNC Financial Services Group Inc. boosted 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 worth $121,000 after buying an additional 60,525 shares during the last quarter. KCG Holdings Inc. boosted 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 worth $150,000 after buying an additional 22,052 shares during the last quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp purchased a new stake in Penn West Petroleum during the second quarter worth approximately $222,000. Finally, BNP Paribas Arbitrage SA boosted 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 worth $255,000 after buying an additional 135,600 shares during the last quarter. Hedge funds and other institutional investors own 13.98% of the company’s stock.

Several equities analysts recently commented on PWE shares. RBC Capital Markets reaffirmed a “sector perform” rating and set a $2.50 price objective (up previously 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 reaffirmed 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 issued a hold rating and one has given a buy rating to the stock. Penn West Petroleum currently has a consensus rating of “Hold” and an average target price of $1.69.

Penn West Petroleum Company Profile

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