Penn Virginia (NASDAQ:PVAC) has been given a $57.00 target price by equities researchers at Northland Securities in a research report issued on Monday. The brokerage presently has a “buy” rating on the stock. Northland Securities’ price target would indicate a potential upside of 65.07% from the company’s previous close.

Other research analysts have also issued reports about the stock. Zacks Investment Research upgraded shares of Penn Virginia from a “hold” rating to a “strong-buy” rating and set a $44.00 price objective on the stock in a research note on Tuesday, August 15th. SunTrust Banks began coverage on shares of Penn Virginia in a research note on Wednesday, November 29th. They set a “buy” rating and a $50.00 price target on the stock. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $50.00.

Penn Virginia (NASDAQ PVAC) opened at $34.53 on Monday. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 1.06. The company has a market cap of $521.10 and a price-to-earnings ratio of 13.93. Penn Virginia has a one year low of $31.00 and a one year high of $61.97.

In other news, insider Harry Quarls purchased 5,000 shares of the company’s stock in a transaction dated Monday, November 13th. The shares were acquired at an average cost of $38.72 per share, for a total transaction of $193,600.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Several institutional investors have recently modified their holdings of the company. Highbridge Capital Management LLC acquired a new position in shares of Penn Virginia during the third quarter worth about $414,000. Allianz Asset Management GmbH acquired a new position in shares of Penn Virginia during the third quarter worth about $424,000. Dimensional Fund Advisors LP increased its stake in shares of Penn Virginia by 257.7% during the third quarter. Dimensional Fund Advisors LP now owns 91,389 shares of the company’s stock worth $3,654,000 after acquiring an additional 65,841 shares during the period. Schwab Charles Investment Management Inc. increased its stake in shares of Penn Virginia by 50.1% during the third quarter. Schwab Charles Investment Management Inc. now owns 52,800 shares of the company’s stock worth $2,111,000 after acquiring an additional 17,634 shares during the period. Finally, Wells Fargo & Company MN increased its stake in shares of Penn Virginia by 53.0% during the third quarter. Wells Fargo & Company MN now owns 16,125 shares of the company’s stock worth $644,000 after acquiring an additional 5,588 shares during the period. Institutional investors and hedge funds own 66.18% 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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