Penn Virginia Co. (NASDAQ:PVAC) hit a new 52-week low on Friday . The stock traded as low as $39.55 and last traded at $40.26, with a volume of 9577 shares changing hands. The stock had previously closed at $43.28.
Several equities research analysts recently weighed in on PVAC shares. TheStreet cut Penn Virginia from a “c-” rating to a “d+” rating in a report on Tuesday, April 16th. Capital One Financial cut Penn Virginia from an “overweight” rating to an “equal weight” rating in a report on Wednesday, February 13th. ValuEngine upgraded Penn Virginia from a “sell” rating to a “hold” rating in a report on Monday, February 4th. BidaskClub upgraded Penn Virginia from a “sell” rating to a “hold” rating in a report on Thursday, March 14th. Finally, Northland Securities upgraded Penn Virginia from a “market perform” rating to an “outperform” rating in a report on Thursday, March 21st. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company’s stock. Penn Virginia currently has a consensus rating of “Hold” and an average price target of $96.50.
The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 1.14. The firm has a market capitalization of $653.76 million, a price-to-earnings ratio of 4.46 and a beta of 0.93.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Thrivent Financial for Lutherans lifted its holdings in Penn Virginia by 2.2% in the 4th quarter. Thrivent Financial for Lutherans now owns 9,596 shares of the company’s stock worth $519,000 after buying an additional 211 shares during the period. Texas Permanent School Fund lifted its stake in shares of Penn Virginia by 4.1% in the 4th quarter. Texas Permanent School Fund now owns 8,779 shares of the company’s stock valued at $475,000 after purchasing an additional 347 shares during the period. Comerica Bank lifted its stake in shares of Penn Virginia by 2.8% in the 1st quarter. Comerica Bank now owns 13,744 shares of the company’s stock valued at $590,000 after purchasing an additional 376 shares during the period. Bank of Montreal Can lifted its stake in shares of Penn Virginia by 6.6% in the 1st quarter. Bank of Montreal Can now owns 7,631 shares of the company’s stock valued at $336,000 after purchasing an additional 475 shares during the period. Finally, Rhumbline Advisers lifted its stake in shares of Penn Virginia by 1.4% in the 1st quarter. Rhumbline Advisers now owns 37,477 shares of the company’s stock valued at $1,653,000 after purchasing an additional 508 shares during the period. Institutional investors and hedge funds own 99.23% of the company’s stock.
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Penn Virginia Company Profile (NASDAQ:PVAC)
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.
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