Somewhat Favorable Media Coverage Somewhat Unlikely to Affect Penn Virginia Corporation (PVAC) Share Price
News articles about Penn Virginia Corporation (NASDAQ:PVAC) have trended somewhat positive recently, according to Accern Sentiment. Accern rates the sentiment of press coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Penn Virginia Corporation earned a news impact score of 0.05 on Accern’s scale. Accern also gave news stories about the company an impact score of 46.6481780994971 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Several research analysts have recently commented on PVAC shares. Northland Securities reaffirmed a “buy” rating and issued a $63.00 price target on shares of Penn Virginia Corporation in a report on Tuesday, September 5th. Capital One Financial Corporation lowered shares of Penn Virginia Corporation from an “overweight” rating to an “equal weight” rating in a report on Friday, July 7th. Finally, Zacks Investment Research lowered shares of Penn Virginia Corporation from a “strong-buy” rating to a “hold” rating in a report on Thursday, September 7th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $52.00.
Penn Virginia Corporation (PVAC) traded down 0.32% on Friday, hitting $40.97. 9,960 shares of the stock traded hands. Penn Virginia Corporation has a 12-month low of $35.06 and a 12-month high of $61.97. The stock has a 50-day moving average of $39.79 and a 200-day moving average of $39.79. The firm has a market cap of $614.22 million and a price-to-earnings ratio of 1.88.
In other news, insider Harry Quarls bought 5,000 shares of the stock in a transaction dated Thursday, August 17th. The shares were acquired at an average price of $38.73 per share, with a total value of $193,650.00. Following the acquisition, the insider now owns 28,227 shares in the company, valued at $1,093,231.71. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
TRADEMARK VIOLATION WARNING: “Somewhat Favorable Media Coverage Somewhat Unlikely to Affect Penn Virginia Corporation (PVAC) Share Price” was originally posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this report on another site, it was illegally copied and reposted in violation of United States & international copyright laws. The original version of this report can be viewed at https://www.thecerbatgem.com/2017/10/06/somewhat-favorable-media-coverage-somewhat-unlikely-to-affect-penn-virginia-corporation-pvac-share-price.html.
Penn Virginia Corporation Company Profile
Penn Virginia Corporation, an independent oil and gas company, engages in the onshore exploration, development, and production of crude oil, natural gas liquids, and natural gas in the United States. The company primarily operates wells in the Eagle Ford Shale field in South Texas. It also has operations in the Granite Wash in Oklahoma.
Receive News & Stock Ratings for Penn Virginia Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Penn Virginia Corporation and related stocks with our FREE daily email newsletter.