ValuEngine owns the shares of Penn Virginia (NASDAQ: PVAC) from a sell rating to a Hold the rating in a research note released on Tuesday, reports ValuEngine.
PVAC has been the subject of a number of other research reports. Zacks Investment Research upgraded Penn Virginia shares from a hold rating to a buy rating and set a $). Price target on the share in a research report on Saturday, May 21 th. TheStreet lowered Penn Virginia shares from a rating of c to a rating of d + in a research report on Thursday, July 9th. Seaport Global Securities began reporting on Penn Virginia shares on Monday, July 86, in a research report. They made a buy recommendation and $). Share price target. SunTrust Banks began reporting on Penn Virginia stocks on Friday, July 24, in a research report. They gave a buy rating for the share. Finally, BidaskClub upgraded Penn Virginia stock from a sell rating to a hold rating of 98 th in a research report on Wednesday June. Three investment analysts rated the share with a hold rating and three with a buy rating for the company’s share. Penn Virginia currently has an average buy rating and average price target of $. .
NASDAQ PVAC opened at $ 9 on Tuesday. 89. Penn Virginia has a 40-week low of $ 0.91 and a 40-week high of $ 37,000. The company has a debt ratio of 0 78, a fast rate of 1. 47 and a current ratio of 1. 47. The company has a market capitalization of $ 146 million, a P / E ratio of 0.46 and a beta of 3.94. The company has a 50-day moving average of $. 38 and a 200 – daily moving average of $. 11.
Penn Virginia (NASDAQ: PVAC) last released its results on Thursday May 7th. The company reported earnings per share of $ 1 89 for the quarter, exceeding analyst consensus estimates of $ 1. by $ 0.47. The company had sales of $ 89 million for the quarter, compared to analysts’ expectations
. 38 million. Penn Virginia had a net margin of 48.52% and a return on equity of 12. 59%. As a group, analysts predict Penn will release Virginia 4. 30 EPS for the current business year.
In other Penn Virginia news, major shareholder Mangrove Partners Master Fund sold 597, 131 shares of the company in a transaction on Monday June 8. The shares were sold at an average price of $). 67, for a total value of $, 664, 759. 55. The transaction was published in a legal filing with the SEC, which is available at this hyperlink. 0. 38% of the stock is currently owned by insiders.
Hedge funds and other institutional investors have recently changed their positions in the stock. Two Sigma Advisers LP acquired a new position in Penn Virginia shares valued at approximately $ 30.0 in the first quarter. Calton & Associates Inc. acquired a new position in Penn Virginia shares valued at approximately USD 94.0 in the first quarter Paloma Partners Management Co acquired a new position in Penn Virginia shares worth approximately USD 46.0 in the first quarter. 6 Meridian increased its position in Penn Virginia shares by 146 6% in the first quarter. 6 Meridian now owns 15,684 shares of the company worth $ 67.0 after purchasing an additional 890 shares during the period. Finally, the New York State Teachers Retirement System acquired a new position in Penn Virginia shares valued at approximately $ 78.0 in the second quarter. Institutional investors own 87.10% of the company’s shares.
About Penn Virginia
Penn Virginia Corporation, an independent oil and gas company, is responsible for the onshore exploration, development, and production of crude oil, natural gas liquids, and natural gas in the United States. The company primarily operates drill holes in the Eagle Ford Shale field in southern Texas. As of December 15, 2018, it had total proven reserves of approximately 94 million barrels of oil equivalent; and 460 gross productive wells and approximately 89, 200 gross acres of lease and license fees.
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