Somewhat Positive Press Coverage Somewhat Unlikely to Impact Penn Virginia (PVAC) Share Price

Media coverage about Penn Virginia (NASDAQ:PVAC) has been trending somewhat positive on Tuesday, Accern Sentiment Analysis reports. The research group rates the sentiment of media coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Penn Virginia earned a media sentiment score of 0.09 on Accern’s scale. Accern also gave news stories about the company an impact score of 47.8713844026665 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.

A number of equities analysts recently weighed in on PVAC shares. Zacks Investment Research downgraded shares of Penn Virginia from a “hold” rating to a “sell” rating in a report on Wednesday, November 22nd. SunTrust Banks initiated coverage on shares of Penn Virginia in a report on Wednesday, November 29th. They set a “buy” rating and a $50.00 target price on the stock. Northland Securities set a $57.00 price objective on shares of Penn Virginia and gave the company a “buy” rating in a report on Monday, December 11th. Finally, BidaskClub upgraded shares of Penn Virginia from a “strong sell” rating to a “sell” rating in a report on Wednesday, December 20th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $54.75.

Penn Virginia (PVAC) traded down $0.18 during trading hours on Tuesday, hitting $36.30. 58,472 shares of the company’s stock traded hands, compared to its average volume of 129,518. Penn Virginia has a 12-month low of $31.00 and a 12-month high of $50.00. The firm has a market capitalization of $554.33, a P/E ratio of 16.61 and a beta of 1.56. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.70 and a current ratio of 0.70.

Penn Virginia (NASDAQ:PVAC) last released its quarterly earnings data on Thursday, March 1st. The company reported $1.06 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.89 by $0.17. Penn Virginia had a net margin of 20.56% and a return on equity of 20.39%. The firm had revenue of $54.33 million for the quarter, compared to the consensus estimate of $55.95 million. equities research analysts expect that Penn Virginia will post 8.87 earnings per share for the current year.

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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.

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