Penn Virginia (NASDAQ:PVAC) was downgraded by BidaskClub from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Friday.

Other equities analysts have also recently issued research reports about the stock. Northland Securities reaffirmed a “buy” rating and issued a $63.00 price target on shares of Penn Virginia in a research report on Friday, November 10th. SunTrust Banks started coverage on shares of Penn Virginia in a research report on Wednesday, November 29th. They issued a “buy” rating and a $50.00 price target on the stock. Finally, Zacks Investment Research raised shares of Penn Virginia from a “hold” rating to a “buy” rating and set a $49.00 price target on the stock in a research report on Tuesday, January 9th. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the stock. Penn Virginia presently has an average rating of “Hold” and a consensus price target of $54.75.

Penn Virginia (PVAC) opened at $37.30 on Friday. Penn Virginia has a 1 year low of $31.00 and a 1 year high of $50.00. The firm has a market cap of $583.22 and a PE ratio of 13.85. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.85 and a quick ratio of 0.85.

Penn Virginia (NASDAQ:PVAC) last announced its quarterly earnings results on Wednesday, November 8th. The company reported $0.57 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.53 by $0.04. Penn Virginia had a net margin of 30.22% and a return on equity of 16.76%. equities analysts expect that Penn Virginia will post 2.77 earnings per share for the current year.

In other news, insider Harry Quarls acquired 5,000 shares of the firm’s stock in a transaction on Thursday, November 30th. The stock was purchased at an average price of $34.64 per share, for a total transaction of $173,200.00. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

A number of large investors have recently bought and sold shares of PVAC. Vanguard Group Inc. increased its stake in Penn Virginia by 1,626.0% in the 2nd quarter. Vanguard Group Inc. now owns 273,605 shares of the company’s stock valued at $10,055,000 after buying an additional 257,753 shares during the last quarter. State Street Corp purchased a new stake in Penn Virginia in the 2nd quarter valued at about $8,130,000. Northern Trust Corp increased its stake in Penn Virginia by 3,117.6% in the 2nd quarter. Northern Trust Corp now owns 142,283 shares of the company’s stock valued at $5,229,000 after buying an additional 137,861 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Penn Virginia by 257.7% in the 3rd quarter. Dimensional Fund Advisors LP now owns 91,389 shares of the company’s stock valued at $3,654,000 after buying an additional 65,841 shares during the last quarter. Finally, Bank of New York Mellon Corp purchased a new stake in Penn Virginia in the 2nd quarter valued at about $1,590,000. Hedge funds and other institutional investors own 66.26% 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.

Analyst Recommendations for Penn Virginia (NASDAQ:PVAC)

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