Penn Virginia Co. (NASDAQ:PVAC) reached a new 52-week high during trading on Tuesday . The company traded as high as $87.55 and last traded at $86.04, with a volume of 8939 shares. The stock had previously closed at $85.95.

A number of equities research analysts have recently commented on PVAC shares. BidaskClub upgraded Penn Virginia from a “sell” rating to a “hold” rating in a research note on Saturday, April 21st. TheStreet upgraded Penn Virginia from a “d+” rating to a “c-” rating in a research note on Wednesday, June 13th. Zacks Investment Research cut Penn Virginia from a “strong-buy” rating to a “hold” rating in a research note on Friday, March 9th. SunTrust Banks lifted their target price on Penn Virginia to $75.00 and gave the stock an “average” rating in a research note on Thursday, May 10th. Finally, LADENBURG THALM/SH SH started coverage on Penn Virginia in a research note on Tuesday, June 12th. They set a “buy” rating on the stock. Five research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $88.67.

The company has a market capitalization of $1.28 billion, a P/E ratio of 29.74 and a beta of 1.52. The company has a debt-to-equity ratio of 1.67, a current ratio of 0.52 and a quick ratio of 0.52.

Penn Virginia (NASDAQ:PVAC) last announced its quarterly earnings data on Wednesday, May 9th. The company reported $1.48 earnings per share (EPS) for the quarter, beating the Zacks’ 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 business had revenue of $77.21 million for the quarter, compared to analysts’ expectations of $69.60 million. equities analysts expect that Penn Virginia Co. will post 9.24 EPS for the current year.

In related news, Director Diversified Asset Manageme Kls sold 174,411 shares of the business’s stock in a transaction dated Wednesday, May 23rd. The stock was sold at an average price of $66.45, for a total value of $11,589,610.95. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Tammy Hinkle sold 778 shares of the business’s stock in a transaction dated 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. Insiders sold a total of 458,915 shares of company stock worth $29,137,647 over the last 90 days. 0.41% of the stock is currently owned by company insiders.

Several institutional investors and hedge funds have recently made changes to their positions in PVAC. Strategic Value Partners LLC bought a new stake in shares of Penn Virginia during the fourth quarter valued at about $60,002,000. Encompass Capital Advisors LLC bought a new stake in shares of Penn Virginia during the fourth quarter valued at about $29,215,000. Allianz Asset Management GmbH increased its position in shares of Penn Virginia by 1,725.9% during the fourth quarter. Allianz Asset Management GmbH now owns 193,769 shares of the company’s stock valued at $7,579,000 after buying an additional 183,157 shares during the period. BlackRock Inc. increased its position in shares of Penn Virginia by 22.8% during the first quarter. BlackRock Inc. now owns 928,772 shares of the company’s stock valued at $32,545,000 after buying an additional 172,288 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in shares of Penn Virginia by 81.1% during the first quarter. Dimensional Fund Advisors LP now owns 338,041 shares of the company’s stock valued at $11,845,000 after buying an additional 151,350 shares during the period. Hedge funds and other 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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