Penn Virginia Co. (NASDAQ:PVAC) CEO John A. Brooks Buys 500 Shares of Stock

Penn Virginia Co. (NASDAQ:PVAC) CEO John A. Brooks bought 500 shares of the stock in a transaction dated Monday, November 18th. The stock was acquired at an average price of $25.60 per share, with a total value of $12,800.00. Following the completion of the purchase, the chief executive officer now owns 35,288 shares of the company’s stock, valued at approximately $903,372.80. The acquisition was disclosed in a filing with the SEC, which is available through this link.

Shares of NASDAQ:PVAC opened at $26.17 on Tuesday. Penn Virginia Co. has a twelve month low of $23.00 and a twelve month high of $62.92. The firm has a market cap of $377.32 million, a PE ratio of 2.85 and a beta of 1.37. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.64 and a current ratio of 0.82. The business has a fifty day moving average of $26.56 and a 200-day moving average of $30.79.

Penn Virginia (NASDAQ:PVAC) last announced its quarterly earnings data on Thursday, November 7th. The company reported $1.97 EPS for the quarter, topping the Zacks’ consensus estimate of $1.89 by $0.08. The firm had revenue of $119.30 million during the quarter, compared to analyst estimates of $121.18 million. Penn Virginia had a return on equity of 29.06% and a net margin of 56.77%. On average, analysts anticipate that Penn Virginia Co. will post 8 EPS for the current fiscal year.

A number of analysts have recently weighed in on PVAC shares. ValuEngine lowered Penn Virginia from a “buy” rating to a “hold” rating in a research note on Thursday, October 31st. Zacks Investment Research upgraded Penn Virginia from a “sell” rating to a “hold” rating in a research note on Thursday, November 14th. BidaskClub lowered Penn Virginia from a “sell” rating to a “strong sell” rating in a research note on Saturday. Finally, Northland Securities restated a “buy” rating and issued a $54.00 target price on shares of Penn Virginia in a research note on Friday, November 8th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $60.50.

A number of hedge funds have recently made changes to their positions in the stock. BlackRock Inc. increased its position in Penn Virginia by 3.6% in the second quarter. BlackRock Inc. now owns 2,030,166 shares of the company’s stock worth $62,285,000 after purchasing an additional 69,729 shares during the period. Wells Fargo & Company MN increased its position in Penn Virginia by 22.7% in the second quarter. Wells Fargo & Company MN now owns 385,591 shares of the company’s stock worth $11,830,000 after purchasing an additional 71,230 shares during the period. Caymus Capital Partners L.P. acquired a new stake in Penn Virginia in the second quarter worth about $9,577,000. Oaktree Capital Management LP acquired a new stake in Penn Virginia in the second quarter worth about $7,639,000. Finally, Prescott Group Capital Management L.L.C. increased its position in Penn Virginia by 0.3% in the second quarter. Prescott Group Capital Management L.L.C. now owns 234,861 shares of the company’s stock worth $7,206,000 after purchasing an additional 800 shares during the period. Hedge funds and other institutional investors own 98.22% of the company’s stock.

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. It primarily operates wells in the Eagle Ford Shale field in South Texas. As of December 31, 2018, it had total proved reserves of approximately 123 million barrels of oil equivalent; and 460 gross productive wells, as well as owned approximately 98,200 gross acres of leasehold and royalty interests.

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