BidaskClub upgraded shares of Penn Virginia (NASDAQ:PVAC) from a strong sell rating to a sell rating in a report issued on Thursday.
Several other research firms have also commented on PVAC. Northland Securities set a $63.00 price target on Penn Virginia and gave the stock a buy rating in a research report on Wednesday, January 3rd. Zacks Investment Research lowered Penn Virginia from a hold rating to a strong sell rating in a research report on Thursday, January 4th. Finally, SunTrust Banks set a $55.00 target price on Penn Virginia and gave the company a buy rating in a research report on Wednesday, January 24th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the stock. The company presently has an average rating of Hold and an average target price of $58.33.
Penn Virginia stock opened at $40.96 on Thursday. The company has a market cap of $602.78, a P/E ratio of 14.22 and a beta of 1.46. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 1.20. Penn Virginia has a one year low of $31.00 and a one year high of $48.17.
Institutional investors and hedge funds have recently made changes to their positions in the business. SG Americas Securities LLC acquired a new position in shares of Penn Virginia in the 3rd quarter valued at approximately $181,000. Alliancebernstein L.P. acquired a new position in shares of Penn Virginia in the 4th quarter valued at approximately $233,000. MetLife Investment Advisors LLC acquired a new position in shares of Penn Virginia in the 4th quarter valued at approximately $321,000. Highbridge Capital Management LLC acquired a new position in shares of Penn Virginia in the 3rd quarter valued at approximately $414,000. Finally, Allianz Asset Management GmbH acquired a new position in shares of Penn Virginia in the 3rd quarter valued at approximately $424,000. 89.12% of the stock is currently owned by institutional investors.
About Penn Virginia
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. It primarily operates wells in the Eagle Ford Shale field in South Texas. The company also has operations in the Granite Wash in Oklahoma.
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