Penn Virginia (PVAC) Given a $63.00 Price Target by Northland Securities Analysts

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.

In other Penn Virginia news, insider Harry Quarls bought 5,000 shares of the business’s stock in a transaction on Thursday, November 30th. The stock was bought at an average price of $34.64 per share, for a total transaction of $173,200.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

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.

COPYRIGHT VIOLATION NOTICE: This piece of content was first published by Ticker Report and is the property of of Ticker Report. If you are viewing this piece of content on another domain, it was copied illegally and reposted in violation of US & international copyright & trademark laws. The legal version of this piece of content can be viewed at https://www.tickerreport.com/banking-finance/3125754/penn-virginia-pvac-given-a-63-00-price-target-by-northland-securities-analysts.html.

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.

Analyst Recommendations for Penn Virginia (NASDAQ:PVAC)

Receive News & Ratings for Penn Virginia Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Penn Virginia and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

How to Trade on Forex – 8 Steps for Beginners
How to Trade on Forex – 8 Steps for Beginners
Super Nintendo World Theme Park Officially Starts Construction
Super Nintendo World Theme Park Officially Starts Construction
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Camera Zooms In and Can Recognize Faces
Camera Zooms In and Can Recognize Faces
Netflix Could See 150 Million Worldwide Subscribers
Netflix Could See 150 Million Worldwide Subscribers
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back


Leave a Reply

© 2006-2018 Ticker Report. Google+.