Penn Virginia (PVAC) PT Set at $57.00 by Northland Securities
Penn Virginia (NASDAQ:PVAC) has been assigned a $57.00 target price by equities researchers at Northland Securities in a report issued on Monday. The firm presently has a “buy” rating on the stock. Northland Securities’ price objective would indicate a potential upside of 68.39% from the stock’s previous close.
Several other brokerages have also issued reports on PVAC. Zacks Investment Research lowered shares of Penn Virginia from a “strong-buy” rating to a “hold” rating in a research note on Thursday, September 7th. SunTrust Banks initiated coverage on shares of Penn Virginia in a research note on Wednesday, November 29th. They issued a “buy” rating and a $50.00 price target for the company. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $50.00.
Shares of Penn Virginia (NASDAQ PVAC) traded up $0.46 during trading on Monday, hitting $33.85. 198,800 shares of the company traded hands, compared to its average volume of 64,634. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.85 and a current ratio of 0.85. The company has a market cap of $507.89 and a price-to-earnings ratio of 13.93. Penn Virginia has a 52 week low of $31.00 and a 52 week high of $61.97.
A number of large investors have recently added to or reduced their stakes in PVAC. Legal & General Group Plc bought a new stake in Penn Virginia during the 2nd quarter valued at about $104,000. SG Americas Securities LLC bought a new stake in Penn Virginia during the 3rd quarter valued at about $181,000. Strs Ohio bought a new stake in Penn Virginia during the 2nd quarter valued at about $183,000. Voya Investment Management LLC bought a new stake in Penn Virginia during the 2nd quarter valued at about $252,000. Finally, Nationwide Fund Advisors bought a new stake in Penn Virginia during the 2nd quarter valued at about $297,000. Institutional investors and hedge funds own 66.18% of the company’s stock.
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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. The company primarily operates wells in the Eagle Ford Shale field in South Texas. It also has operations in the Granite Wash in Oklahoma.
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