BidaskClub downgraded shares of Penn Virginia (NASDAQ:PVAC) from a buy rating to a hold rating in a research note released on Saturday morning, BidAskClub reports.

Other equities analysts also recently issued research reports about the company. ValuEngine raised Penn Virginia from a hold rating to a buy rating in a research report on Friday, January 3rd. Northland Securities reissued a buy rating and set a $54.00 price target on shares of Penn Virginia in a research report on Friday, November 8th. Finally, Zacks Investment Research raised Penn Virginia from a sell rating to a hold rating in a research report on Thursday, November 14th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Penn Virginia presently has a consensus rating of Buy and a consensus target price of $60.50.

Shares of NASDAQ PVAC opened at $29.72 on Friday. The business’s 50 day moving average price is $28.15 and its two-hundred day moving average price is $28.90. The company has a market cap of $449.31 million, a PE ratio of 3.23 and a beta of 1.46. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 1.09. Penn Virginia has a twelve month low of $23.00 and a twelve month high of $58.28.

Penn Virginia (NASDAQ:PVAC) last announced its quarterly earnings results on Thursday, November 7th. The company reported $1.97 earnings per share for the quarter, topping analysts’ consensus estimates of $1.89 by $0.08. The firm had revenue of $119.30 million for the quarter, compared to the consensus estimate of $121.18 million. Penn Virginia had a return on equity of 29.06% and a net margin of 56.77%. As a group, research analysts anticipate that Penn Virginia will post 8.01 EPS for the current fiscal year.

Institutional investors have recently bought and sold shares of the company. Tyers Asset Management LLC acquired a new position in shares of Penn Virginia in the second quarter valued at approximately $31,000. Riverhead Capital Management LLC acquired a new position in shares of Penn Virginia in the second quarter valued at approximately $34,000. Elkfork Partners LLC acquired a new position in shares of Penn Virginia in the second quarter valued at approximately $43,000. Meadow Creek Investment Management LLC acquired a new position in shares of Penn Virginia in the second quarter valued at approximately $54,000. Finally, Glen Harbor Capital Management LLC acquired a new position in shares of Penn Virginia in the second quarter valued at approximately $66,000.

Penn Virginia Company Profile

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. As of December 31, 2018, it had total proved reserves of approximately 123 million barrels of oil equivalent; and 460 gross productive wells, as well as owned approximately 98,200 gross acres of leasehold and royalty interests.

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