Today: Today, Penn West Petroleum Ltd. (PWE) Insider Cheuk Fund Ho Sold 1,020,000 Shares

Today, Penn West Petroleum Ltd. (PWE) Insider Cheuk Fund Ho Sold 1,020,000 Shares

Penn West Petroleum Ltd. (NYSE:PWE) insider Cheuk Fund Ho sold 1,020,000 shares of the stock in a transaction dated Thursday, October 13th. The stock was sold at an average price of $1.83, for a total transaction of $1,866,600.00. Following the transaction, the insider now owns 35,335,577 shares in the company, valued at $64,664,105.91. The sale was disclosed in a filing with the SEC, which is available 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 stock was sold at an average price of $1.86, for a total transaction of $3,069,000.00.

Penn West Petroleum Ltd. (NYSE:PWE) opened at 1.86 on Monday. The stock’s 50 day moving average price is $1.76 and its 200 day moving average price is $1.31. The stock’s market capitalization is $934.02 million. Penn West Petroleum Ltd. has a 1-year low of $0.48 and a 1-year high of $1.97.

Large investors have recently made changes to their positions in the company. GMT Capital Corp acquired a new stake in shares of Penn West Petroleum during the second quarter worth approximately $1,752,000. PNC Financial Services Group Inc. raised its stake in shares of 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. Clear Harbor Asset Management LLC raised its stake in shares of Penn West Petroleum by 327.5% in the second quarter. Clear Harbor Asset Management LLC now owns 420,655 shares of the company’s stock worth $585,000 after buying an additional 322,255 shares during the last quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp acquired a new stake in shares of Penn West Petroleum during the second quarter worth approximately $222,000. Finally, LMR Partners LLP acquired a new stake in shares of Penn West Petroleum during the second quarter worth approximately $1,015,000. Hedge funds and other institutional investors own 13.97% of the company’s stock.

PWE has been the subject of a number of research analyst reports. Barclays PLC raised shares of Penn West Petroleum from an “underweight” rating to an “equal weight” rating and increased their target price for the stock from $1.50 to $2.00 in a research report on Friday, July 22nd. Royal Bank Of Canada raised shares of Penn West Petroleum from an “underperform” rating to a “sector perform” rating and increased their target price for the stock from $0.90 to $2.00 in a research report on Monday, June 27th. Zacks Investment Research downgraded shares of Penn West Petroleum from a “hold” rating to a “sell” rating in a research report on Wednesday, June 29th. RBC Capital Markets reissued a “sector perform” rating and set a $2.50 target price (up previously from $2.30) on shares of Penn West Petroleum in a research report on Thursday, September 8th. Finally, TD Securities raised shares of Penn West Petroleum from a “reduce” rating to a “hold” rating in a research report on Thursday, September 15th. 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 company. The stock presently has a consensus rating of “Hold” and an average target price of $1.69.

Penn West Petroleum Company Profile

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