Penn Virginia Corporation (PVAC) Earning Somewhat Positive Media Coverage, Study Shows

News coverage about Penn Virginia Corporation (NASDAQ:PVAC) has been trending somewhat positive on Tuesday, according to Accern Sentiment Analysis. Accern rates the sentiment of news coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Penn Virginia Corporation earned a news sentiment score of 0.05 on Accern’s scale. Accern also assigned media headlines about the company an impact score of 46.8948086925585 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.

Shares of Penn Virginia Corporation (NASDAQ PVAC) traded up 0.26% on Tuesday, reaching $38.10. The company’s stock had a trading volume of 38,192 shares. The firm has a 50 day moving average of $38.34 and a 200 day moving average of $41.74. Penn Virginia Corporation has a 52-week low of $15.00 and a 52-week high of $61.97. The company has a market cap of $571.20 million and a PE ratio of 1.75.

A number of research firms recently weighed in on PVAC. Zacks Investment Research cut Penn Virginia Corporation from a “strong-buy” rating to a “hold” rating in a report on Thursday, September 7th. Northland Securities reaffirmed a “buy” rating and set a $63.00 price target on shares of Penn Virginia Corporation in a report on Tuesday, September 5th. Finally, Capital One Financial Corporation raised Penn Virginia Corporation from an “equal weight” rating to an “overweight” rating in a report on Monday, July 31st. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $52.00.

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In related news, insider Harry Quarls purchased 5,000 shares of the stock in a transaction dated Thursday, August 17th. The stock was bought at an average cost of $38.73 per share, for a total transaction of $193,650.00. Following the completion of the acquisition, the insider now owns 28,227 shares of the company’s stock, valued at $1,093,231.71. The transaction was disclosed in a document filed with the SEC, which can be accessed through 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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