Penn Virginia Corp. Major Shareholder Sells $47,008,672 in Stock (PVA)
Penn Virginia Corp. (NYSE:PVA) major shareholder Hunter Resources Corp Magnum unloaded 9,308,648 shares of Penn Virginia Corp. stock on the open market in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $5.05, for a total transaction of $47,008,672.40. The sale was disclosed in a document filed with the SEC, which is available at this link. Major shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.
Shares of Penn Virginia Corp. (NYSE:PVA) traded up 11.31% on Wednesday, hitting $5.61. 9,540,426 shares of the company’s stock traded hands. Penn Virginia Corp. has a 52 week low of $3.56 and a 52 week high of $7.42. The stock’s 50-day moving average is $4.91 and its 200-day moving average is $4.58. The company’s market cap is $365.0 million.
Penn Virginia Corp. (NYSE:PVA) last issued its quarterly earnings data on Wednesday, August 7th. The company reported ($0.17) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.16) by $0.01. The company had revenue of $109.73 million for the quarter, compared to the consensus estimate of $111.74 million. During the same quarter in the prior year, the company posted ($0.23) earnings per share. The company’s quarterly revenue was up 43.9% on a year-over-year basis. Analysts expect that Penn Virginia Corp. will post $-0.63 EPS for the current fiscal year.
Penn Virginia Corporation (NYSE:PVA) is an independent oil and gas company primarily engaged in the exploration, development and production of natural gas and oil in various domestic onshore regions of the United States, including Texas, Appalachia, the Mid-Continent and Mississippi.
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