Penn Virginia (NASDAQ:PVAC) was downgraded by equities researchers at BidaskClub from a “buy” rating to a “hold” rating in a report released on Thursday.

Several other research firms have also commented on PVAC. LADENBURG THALM/SH SH increased their target price on shares of Penn Virginia from $100.00 to $110.00 and gave the company a “buy” rating in a report on Friday, July 6th. Zacks Investment Research raised shares of Penn Virginia from a “hold” rating to a “buy” rating and set a $95.00 target price on the stock in a report on Tuesday, July 3rd. Finally, SunTrust Banks increased their target price on shares of Penn Virginia from $100.00 to $108.00 and gave the company a “buy” rating in a report on Friday, June 22nd. One equities research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. Penn Virginia currently has an average rating of “Buy” and a consensus price target of $94.75.

Penn Virginia stock opened at $75.84 on Thursday. The company has a debt-to-equity ratio of 1.89, a quick ratio of 0.46 and a current ratio of 0.46. The firm has a market cap of $1.14 billion, a PE ratio of 13.59 and a beta of 1.42. Penn Virginia has a fifty-two week low of $32.49 and a fifty-two week high of $96.13.

Penn Virginia (NASDAQ:PVAC) last released its earnings results on Wednesday, August 8th. The company reported $2.46 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.44 by $0.02. Penn Virginia had a negative net margin of 3.23% and a positive return on equity of 36.88%. The company had revenue of $111.58 million for the quarter, compared to analyst estimates of $105.90 million. As a group, equities analysts forecast that Penn Virginia will post 10.37 earnings per share for the current year.

Several hedge funds have recently added to or reduced their stakes in the stock. Louisiana State Employees Retirement System bought a new position in shares of Penn Virginia during the 3rd quarter valued at $475,000. Bank of Montreal Can grew its holdings in shares of Penn Virginia by 32.6% during the 3rd quarter. Bank of Montreal Can now owns 26,636 shares of the company’s stock valued at $2,146,000 after purchasing an additional 6,548 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Penn Virginia by 159.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 181,606 shares of the company’s stock valued at $15,416,000 after purchasing an additional 111,560 shares during the last quarter. Jane Street Group LLC bought a new stake in Penn Virginia in the 2nd quarter worth $270,000. Finally, California Public Employees Retirement System bought a new stake in Penn Virginia in the 2nd quarter worth $204,000. 97.80% of the stock is currently owned by institutional investors.

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. It primarily operates wells in the Eagle Ford Shale field in South Texas. The company also has operations in the Granite Wash in Oklahoma.

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