Penn Virginia (NASDAQ:PVAC) received a $63.00 price target from research analysts at Northland Securities in a research report issued to clients and investors on Wednesday. The firm presently has a “buy” rating on the stock. Northland Securities’ target price would indicate a potential upside of 42.57% from the company’s current price.
A number of other brokerages have also recently issued reports on PVAC. Zacks Investment Research cut shares of Penn Virginia from a “hold” rating to a “sell” rating in a research report on Wednesday, November 22nd. SunTrust Banks initiated coverage on shares of Penn Virginia in a research report on Wednesday, November 29th. They set a “buy” rating and a $50.00 target price for the company. Finally, BidaskClub upgraded shares of Penn Virginia from a “strong sell” rating to a “sell” rating in a research report on Wednesday, December 20th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $51.50.
Shares of Penn Virginia (PVAC) traded up $0.89 during midday trading on Wednesday, hitting $44.19. 132,910 shares of the company traded hands, compared to its average volume of 148,172. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.85 and a quick ratio of 0.85. Penn Virginia has a 12-month low of $31.00 and a 12-month high of $55.00. The firm has a market capitalization of $649.68 and a PE ratio of 15.58.
Large investors have recently bought and sold shares of the company. Schwab Charles Investment Management Inc. raised its position in shares of Penn Virginia by 212.5% in the second quarter. Schwab Charles Investment Management Inc. now owns 35,166 shares of the company’s stock valued at $1,293,000 after buying an additional 23,914 shares during the last quarter. TIAA CREF Investment Management LLC purchased a new stake in Penn Virginia in the second quarter valued at approximately $1,403,000. Teachers Advisors LLC purchased a new stake in Penn Virginia in the second quarter valued at approximately $929,000. Dimensional Fund Advisors LP grew its holdings in Penn Virginia by 183.8% in the second quarter. Dimensional Fund Advisors LP now owns 25,548 shares of the company’s stock valued at $939,000 after purchasing an additional 16,547 shares during the period. Finally, Voya Investment Management LLC purchased a new stake in Penn Virginia in the second quarter valued at approximately $252,000. 66.18% of the stock is owned by institutional investors and hedge funds.
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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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