The 955,100 Shares of Penn West Petroleum Ltd. (PWE) Stock are sold by Cheuk Fund Ho

The 955,100 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 955,100 shares of the firm’s stock in a transaction on Friday, September 30th. The shares were sold at an average price of $1.82, for a total value of $1,738,282.00. Following the transaction, the insider now owns 48,780,897 shares of the company’s stock, valued at $88,781,232.54. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

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 shares were sold at an average price of $1.87, for a total value 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 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 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.

Shares of Penn West Petroleum Ltd. (NYSE:PWE) opened at 1.88 on Friday. The company’s market capitalization is $944.06 million. The firm’s 50 day moving average price is $1.75 and its 200-day moving average price is $1.30. Penn West Petroleum Ltd. has a 1-year low of $0.48 and a 1-year high of $1.97.

Several equities research analysts recently commented on the company. Royal Bank Of Canada upgraded Penn West Petroleum from an “underperform” rating to a “sector perform” rating and lifted their price objective for the stock from $0.90 to $2.00 in a report on Monday, June 27th. Zacks Investment Research downgraded Penn West Petroleum from a “hold” rating to a “sell” rating in a report on Wednesday, June 29th. Barclays PLC upgraded Penn West Petroleum from an “underweight” rating to an “equal weight” rating and lifted their price objective for the stock from $1.50 to $2.00 in a report on Friday, July 22nd. Scotiabank reiterated a “sector perform” rating and issued a $2.00 price objective on shares of Penn West Petroleum in a report on Wednesday, August 10th. Finally, RBC Capital Markets reiterated a “sector perform” rating and issued a $2.50 price objective (up from $2.30) on shares of Penn West Petroleum in a report on Thursday, September 8th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $1.69.

Several large investors have recently modified their holdings of the company. Creative Planning boosted 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 worth $833,000 after buying an additional 4,171 shares during the period. Scotia Capital Inc. boosted its stake in shares of Penn West Petroleum by 1.7% in the second quarter. Scotia Capital Inc. now owns 425,778 shares of the company’s stock worth $587,000 after buying an additional 7,148 shares during the period. KCG Holdings Inc. boosted its stake in shares of 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 period. WealthTrust Axiom LLC boosted its stake in shares of Penn West Petroleum by 13.8% in the second quarter. WealthTrust Axiom LLC now owns 188,100 shares of the company’s stock worth $261,000 after buying an additional 22,750 shares during the period. Finally, UBS Asset Management Americas Inc. boosted its stake in shares of Penn West Petroleum by 8.7% in the second quarter. UBS Asset Management Americas Inc. now owns 296,226 shares of the company’s stock worth $411,000 after buying an additional 23,700 shares during the period. Institutional investors and hedge funds own 13.98% of the company’s stock.

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