Penn Virginia (NASDAQ:PVAC) VP Tammy Hinkle sold 778 shares of the company’s stock in a transaction on Friday, May 11th. The shares were sold at an average price of $61.46, for a total value of $47,815.88. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
Shares of Penn Virginia opened at $61.14 on Wednesday, according to Marketbeat.com. Penn Virginia has a 12 month low of $60.07 and a 12 month high of $61.35. The firm has a market cap of $949.87 million, a PE ratio of 21.23 and a beta of 1.06. The company has a debt-to-equity ratio of 1.67, a current ratio of 0.52 and a quick ratio of 0.52.
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Penn Virginia (NASDAQ:PVAC) last announced its earnings results on Wednesday, May 9th. The company reported $1.48 EPS for the quarter, beating the 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 during the quarter, compared to the consensus estimate of $69.60 million. research analysts anticipate that Penn Virginia will post 8.6 earnings per share for the current fiscal year.
Several equities research analysts have recently commented on PVAC shares. SunTrust Banks upped their target price on Penn Virginia to $75.00 and gave the company an “average” rating in a report on Thursday, May 10th. BidaskClub raised Penn Virginia from a “hold” rating to a “buy” rating in a report on Friday, May 11th. Finally, Zacks Investment Research raised Penn Virginia from a “hold” rating to a “buy” rating and set a $52.00 target price for the company in a report on Tuesday, January 23rd. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $63.33.
Large investors have recently bought and sold shares of the stock. Strategic Value Partners LLC acquired a new position in Penn Virginia during the fourth quarter valued at $60,002,000. Dimensional Fund Advisors LP raised its position in Penn Virginia by 257.7% during the third quarter. Dimensional Fund Advisors LP now owns 91,389 shares of the company’s stock valued at $3,654,000 after buying an additional 65,841 shares during the period. Two Sigma Advisers LP acquired a new position in Penn Virginia during the fourth quarter valued at $1,341,000. Bank of New York Mellon Corp raised its position in Penn Virginia by 28.3% during the fourth quarter. Bank of New York Mellon Corp now owns 68,245 shares of the company’s stock valued at $2,669,000 after buying an additional 15,036 shares during the period. Finally, Allianz Asset Management GmbH raised its position in 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. 89.43% of the stock is currently owned by hedge funds and other institutional investors.
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.