Shares of Penn Virginia Co. (NASDAQ:PVAC) have been given an average rating of “Hold” by the seven brokerages that are currently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $55.67.
A number of equities analysts have issued reports on PVAC shares. Zacks Investment Research upgraded Penn Virginia from a “hold” rating to a “buy” rating and set a $49.00 price target on the stock in a report on Tuesday, January 9th. Northland Securities set a $57.00 price target on Penn Virginia and gave the stock a “buy” rating in a report on Monday, December 11th. SunTrust Banks started coverage on Penn Virginia in a report on Wednesday, November 29th. They set a “buy” rating and a $50.00 price target on the stock. Finally, BidaskClub upgraded Penn Virginia from a “hold” rating to a “buy” rating in a report on Thursday, January 11th.
In other news, insider Harry Quarls bought 5,000 shares of the business’s stock in a transaction that occurred on Thursday, November 30th. The shares were bought at an average cost of $34.64 per share, for a total transaction of $173,200.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Penn Virginia (NASDAQ:PVAC) opened at $37.15 on Monday. The stock has a market capitalization of $557.40, a P/E ratio of 13.36 and a beta of 1.19. Penn Virginia has a twelve month low of $31.00 and a twelve month high of $50.00. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 1.06.
TRADEMARK VIOLATION NOTICE: This piece was first posted by American Banking News and is the sole property of of American Banking News. If you are reading this piece on another website, it was copied illegally and reposted in violation of United States & international trademark & copyright law. The original version of this piece can be accessed at https://www.americanbankingnews.com/2018/02/12/penn-virginia-co-pvac-receives-average-rating-of-hold-from-brokerages.html.
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.
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.