Northland Securities Analysts Give Penn Virginia (PVAC) a $57.00 Price Target
PVAC has been the topic of several other reports. SunTrust Banks began coverage on shares of Penn Virginia in a research note on Wednesday, November 29th. They set a buy rating and a $50.00 price target on the stock. Zacks Investment Research raised shares of Penn Virginia from a hold rating to a strong-buy rating and set a $44.00 price target on the stock in a research note on Tuesday, August 15th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the company’s stock. The stock has an average rating of Buy and an average price target of $50.00.
Penn Virginia (NASDAQ:PVAC) traded down $0.38 during trading on Monday, hitting $34.15. 106,100 shares of the company’s stock traded hands, compared to its average volume of 65,226. Penn Virginia has a one year low of $31.00 and a one year high of $61.97. The firm has a market cap of $518.10 and a PE ratio of 14.21. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.85 and a quick ratio of 0.85.
Several institutional investors have recently added to or reduced their stakes in the business. Legal & General Group Plc purchased a new position in shares of Penn Virginia during the 2nd quarter worth about $104,000. SG Americas Securities LLC purchased a new position in shares of Penn Virginia during the 3rd quarter worth about $181,000. Strs Ohio purchased a new position in shares of Penn Virginia during the 2nd quarter worth about $183,000. Voya Investment Management LLC purchased a new position in shares of Penn Virginia during the 2nd quarter worth about $252,000. Finally, Nationwide Fund Advisors purchased a new position in shares of Penn Virginia during the 2nd quarter worth about $297,000. 66.18% of the stock is currently owned by institutional investors.
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Penn Virginia 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.
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