Somewhat Positive News Coverage Somewhat Unlikely to Affect Penn Virginia Corporation (PVAC) Stock Price

News articles about Penn Virginia Corporation (NASDAQ:PVAC) have been trending somewhat positive recently, according to Accern Sentiment Analysis. Accern identifies positive and negative press coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Penn Virginia Corporation earned a coverage optimism score of 0.11 on Accern’s scale. Accern also gave media stories about the company an impact score of 47.5405176814003 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.

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

Penn Virginia Corporation (NASDAQ PVAC) traded up 3.26% on Wednesday, reaching $40.26. 102,636 shares of the company’s stock were exchanged. Penn Virginia Corporation has a 1-year low of $35.06 and a 1-year high of $61.97. The firm’s 50 day moving average is $38.00 and its 200 day moving average is $47.14. The stock has a market capitalization of $603.58 million and a P/E ratio of 1.85.

In related news, insider Harry Quarls acquired 5,000 shares of the stock in a transaction on Thursday, August 17th. The shares were purchased at an average price of $38.73 per share, for a total transaction of $193,650.00. Following the purchase, the insider now directly owns 28,227 shares in the company, valued at $1,093,231.71. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink.

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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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