Penn Virginia Corporation (NASDAQ:PVAC) Receiving Somewhat Positive News Coverage, Report Shows

Media stories about Penn Virginia Corporation (NASDAQ:PVAC) have trended somewhat positive this week, according to Accern Sentiment. Accern identifies negative and positive media coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Penn Virginia Corporation earned a daily sentiment score of 0.10 on Accern’s scale. Accern also gave news articles about the company an impact score of 45.4832389373281 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.

These are some of the news articles that may have impacted Accern Sentiment’s scoring:

Several equities research analysts have recently commented on PVAC shares. Capital One Financial Corporation lowered shares of Penn Virginia Corporation from an “overweight” rating to an “equal weight” rating in a research report on Friday, July 7th. Northland Securities set a $60.00 price target on shares of Penn Virginia Corporation and gave the company a “buy” rating in a research report on Monday, July 17th. Finally, Zacks Investment Research raised shares of Penn Virginia Corporation from a “hold” rating to a “strong-buy” rating and set a $44.00 price target for the company in a research report on Tuesday. One analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. Penn Virginia Corporation currently has an average rating of “Buy” and a consensus price target of $51.00.

Shares of Penn Virginia Corporation (PVAC) opened at 38.55 on Friday. The stock has a market capitalization of $577.94 million and a price-to-earnings ratio of 1.77. Penn Virginia Corporation has a 12-month low of $15.00 and a 12-month high of $61.97. The company has a 50-day moving average of $37.78 and a 200 day moving average of $42.81.

In related news, insider Harry Quarls purchased 5,000 shares of the firm’s stock in a transaction on Thursday, August 17th. The stock was bought at an average cost of $38.73 per share, with a total value of $193,650.00. Following the completion of the acquisition, the insider now owns 28,227 shares of the company’s stock, valued at approximately $1,093,231.71. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

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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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