Shares of Penn Virginia (NASDAQ:PVAC) reached a new 52-week high and low during trading on Tuesday . The stock traded as low as $81.60 and last traded at $77.78, with a volume of 6350 shares changing hands. The stock had previously closed at $78.70.

Several analysts recently commented on the company. BidaskClub upgraded Penn Virginia from a “strong sell” rating to a “sell” rating in a research report on Thursday, April 12th. LADENBURG THALM/SH SH assumed coverage on Penn Virginia in a research report on Tuesday. They issued a “buy” rating on the stock. Zacks Investment Research cut Penn Virginia from a “hold” rating to a “sell” rating in a research report on Tuesday, May 8th. Finally, SunTrust Banks set a $60.00 target price on Penn Virginia and gave the company a “buy” rating in a research report on Thursday, April 12th. One analyst has rated the stock with a sell rating, one has given a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. Penn Virginia has a consensus rating of “Buy” and an average target price of $63.33.

The company has a quick ratio of 0.52, a current ratio of 0.52 and a debt-to-equity ratio of 1.67. The stock has a market cap of $1.17 billion, a P/E ratio of 27.45 and a beta of 1.73.

Penn Virginia (NASDAQ:PVAC) last posted its earnings results on Wednesday, May 9th. The company reported $1.48 EPS for the quarter, beating the consensus estimate of $1.06 by $0.42. Penn Virginia had a return on equity of 24.78% and a net margin of 7.35%. The firm had revenue of $77.21 million for the quarter, compared to analysts’ expectations of $69.60 million. research analysts forecast that Penn Virginia will post 8.91 EPS for the current year.

In other news, Director Diversified Asset Manageme Kls sold 174,411 shares of Penn Virginia stock in a transaction on Wednesday, May 23rd. The stock was sold at an average price of $66.45, for a total transaction of $11,589,610.95. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Tammy Hinkle sold 778 shares of Penn Virginia stock in a transaction on Friday, May 11th. The shares were sold at an average price of $61.46, for a total value of $47,815.88. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 458,915 shares of company stock worth $29,137,647. 0.41% of the stock is owned by insiders.

Hedge funds have recently modified their holdings of the company. UBS Group AG increased its position in shares of Penn Virginia by 77.6% during the 1st quarter. UBS Group AG now owns 2,854 shares of the company’s stock valued at $100,000 after purchasing an additional 1,247 shares during the period. Nuveen Asset Management LLC acquired a new position in shares of Penn Virginia during the 1st quarter valued at $144,000. Alliancebernstein L.P. acquired a new position in shares of Penn Virginia during the 4th quarter valued at $233,000. SG Americas Securities LLC increased its position in shares of Penn Virginia by 59.8% during the 1st quarter. SG Americas Securities LLC now owns 6,798 shares of the company’s stock valued at $238,000 after purchasing an additional 2,544 shares during the period. Finally, MetLife Investment Advisors LLC acquired a new position in shares of Penn Virginia during the 4th quarter valued at $321,000. Institutional investors own 88.78% of the company’s stock.

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. The company also has operations in the Granite Wash in Oklahoma.

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