Somewhat Positive Media Coverage Somewhat Unlikely to Impact Penn Virginia Corporation (PVAC) Stock Price
Headlines about Penn Virginia Corporation (NASDAQ:PVAC) have trended somewhat positive on Thursday, Accern Sentiment reports. Accern identifies positive and negative press coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Penn Virginia Corporation earned a news sentiment score of 0.07 on Accern’s scale. Accern also gave media coverage about the company an impact score of 46.7847711707826 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
These are some of the headlines that may have impacted Accern’s scoring:
- Penn Virginia Corp. breached its 50 day moving average in a Bearish Manner : PVAC-US : August 30, 2017 (finance.yahoo.com)
- Penn Virginia Corporation Provides Operational Update Regarding Impact from Hurricane Harvey (finance.yahoo.com)
Shares of Penn Virginia Corporation (NASDAQ:PVAC) traded up 2.35% during midday trading on Thursday, hitting $38.33. 8,117 shares of the stock traded hands. The firm has a 50-day moving average price of $38.03 and a 200 day moving average price of $42.43. Penn Virginia Corporation has a one year low of $15.00 and a one year high of $61.97. The stock has a market cap of $574.64 million and a price-to-earnings ratio of 1.76.
Several brokerages have recently weighed in on PVAC. Zacks Investment Research upgraded shares of Penn Virginia Corporation from a “hold” rating to a “strong-buy” rating and set a $44.00 target price for the company in a research note on Tuesday, August 15th. Capital One Financial Corporation upgraded shares of Penn Virginia Corporation from an “equal weight” rating to an “overweight” rating in a research note on Monday, July 31st. Finally, Northland Securities set a $60.00 target price on shares of Penn Virginia Corporation and gave the stock a “buy” rating in a research note on Monday, July 17th. One 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. The stock presently has a consensus rating of “Buy” and an average target price of $51.00.
In other news, insider Harry Quarls bought 5,000 shares of the company’s stock in a transaction that occurred on Thursday, August 17th. The stock was acquired at an average price of $38.73 per share, for a total transaction of $193,650.00. Following the transaction, the insider now directly owns 28,227 shares of the company’s stock, valued at approximately $1,093,231.71. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
About Penn Virginia Corporation
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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