Penn Virginia (PVAC) Lowered to “Sell” at ValuEngine

Penn Virginia (NASDAQ:PVAC) was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Monday, April 1st, ValuEngine reports.

A number of other research firms also recently issued reports on PVAC. Capital One Financial downgraded shares of Penn Virginia from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, January 9th. BidaskClub upgraded shares of Penn Virginia from a “sell” rating to a “hold” rating in a research report on Thursday, March 14th. Zacks Investment Research upgraded shares of Penn Virginia from a “sell” rating to a “hold” rating in a research report on Wednesday, December 26th. Finally, Northland Securities downgraded shares of Penn Virginia from an “outperform” rating to a “market perform” rating in a report on Monday, December 10th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $105.33.

Shares of Penn Virginia stock traded up $0.58 on Monday, hitting $46.18. The company had a trading volume of 304,523 shares, compared to its average volume of 194,617. The stock has a market capitalization of $697.55 million, a PE ratio of 5.03 and a beta of 0.94. Penn Virginia has a 52 week low of $40.23 and a 52 week high of $96.13. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.21 and a quick ratio of 1.21.

Penn Virginia (NASDAQ:PVAC) last issued its earnings results on Wednesday, February 27th. The company reported $2.56 earnings per share for the quarter, missing the Zacks’ consensus estimate of $3.80 by ($1.24). Penn Virginia had a return on equity of 48.83% and a net margin of 50.99%. The business had revenue of $124.86 million for the quarter, compared to the consensus estimate of $143.60 million. On average, analysts forecast that Penn Virginia will post 10.02 earnings per share for the current fiscal year.

Large investors have recently bought and sold shares of the stock. Vanguard Group Inc grew its stake in Penn Virginia by 11.1% in the 3rd quarter. Vanguard Group Inc now owns 801,900 shares of the company’s stock valued at $64,585,000 after buying an additional 79,988 shares during the last quarter. Citigroup Inc. grew its position in Penn Virginia by 2,374.6% in the 4th quarter. Citigroup Inc. now owns 131,871 shares of the company’s stock worth $7,129,000 after purchasing an additional 126,542 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Penn Virginia by 6.4% in the 3rd quarter. Dimensional Fund Advisors LP now owns 549,598 shares of the company’s stock worth $44,264,000 after purchasing an additional 33,127 shares during the last quarter. Morgan Stanley grew its position in Penn Virginia by 278.5% in the 3rd quarter. Morgan Stanley now owns 148,520 shares of the company’s stock worth $11,961,000 after purchasing an additional 109,277 shares during the last quarter. Finally, Manikay Partners LLC acquired a new stake in Penn Virginia in the 4th quarter worth $9,606,000. Institutional investors and hedge funds own 99.03% of the company’s stock.

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. It primarily operates wells in the Eagle Ford Shale field in South Texas. As of December 31, 2018, it had total proved reserves of approximately 123 million barrels of oil equivalent; and 460 gross productive wells, as well as owned approximately 98,200 gross acres of leasehold and royalty interests.

Read More: Return on Investment (ROI)

To view ValuEngine’s full report, visit ValuEngine’s official website.

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.