Zacks Investment Research downgraded shares of Penn Virginia Corporation (NASDAQ:PVAC) from a hold rating to a sell rating in a research report released on Wednesday morning.

According to Zacks, “Penn Virginia Corporation is an oil and gas company. It engaged in exploration, development and production of oil, NGLs and natural gas. The company operates primarily in Eagle Ford Shale in South Texas and Oklahoma. Penn Virginia Corporation is headquatered in Houston, Texas. “

A number of other research firms have also commented on PVAC. Northland Securities restated a buy rating and set a $63.00 price objective on shares of Penn Virginia in a research note on Friday, November 10th. Capital One Financial Corporation upgraded Penn Virginia from an equal weight rating to an overweight rating in a research note on Monday, July 31st. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company. Penn Virginia has an average rating of Hold and a consensus target price of $52.00.

Penn Virginia (NASDAQ PVAC) opened at $35.96 on Wednesday. Penn Virginia has a 52 week low of $31.00 and a 52 week high of $61.97. 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 capitalization of $539.54 and a price-to-earnings ratio of 14.80.

In other Penn Virginia news, insider Harry Quarls purchased 5,000 shares of the firm’s stock in a transaction dated Monday, November 13th. The shares were bought at an average price of $38.72 per share, for a total transaction of $193,600.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Several institutional investors and hedge funds have recently modified their holdings of the company. Legal & General Group Plc bought a new position in shares of Penn Virginia in the 2nd quarter valued at $104,000. JPMorgan Chase & Co. increased its stake in shares of Penn Virginia by 1.2% in the 2nd quarter. JPMorgan Chase & Co. now owns 316,142 shares of the company’s stock valued at $11,618,000 after purchasing an additional 3,811 shares during the last quarter. SG Americas Securities LLC bought a new position in shares of Penn Virginia in the 3rd quarter valued at $181,000. Strs Ohio bought a new position in shares of Penn Virginia in the 2nd quarter valued at $183,000. Finally, Wells Fargo & Company MN increased its stake in shares of Penn Virginia by 53.0% in the 3rd quarter. Wells Fargo & Company MN now owns 16,125 shares of the company’s stock valued at $644,000 after purchasing an additional 5,588 shares during the last quarter. Institutional investors own 63.88% 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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