What’s in Penn Virginia Corporation (PVAC) After Touching 52-Week High?

May 17, 2018 - By Eugene Smith

The stock of Penn Virginia Corporation (NASDAQ:PVAC) hit a new 52-week high and has $73.63 target or 9.00 % above today’s $67.56 share price. The 8 months bullish chart indicates low risk for the $1.02B company. The 1-year high was reported on May, 17 by Barchart.com. If the $73.63 price target is reached, the company will be worth $91.53M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock increased 6.50% or $4.125 during the last trading session, reaching $67.555. About 162,864 shares traded. Penn Virginia Corporation (NASDAQ:PVAC) has 0.00% since May 17, 2017 and is . It has underperformed by 11.55% the S&P500.

Analysts await Penn Virginia Corporation (NASDAQ:PVAC) to report earnings on August, 14. They expect $1.90 EPS, up 175.36 % or $1.21 from last year’s $0.69 per share. PVAC’s profit will be $28.60M for 8.89 P/E if the $1.90 EPS becomes a reality. After $1.47 actual EPS reported by Penn Virginia Corporation for the previous quarter, Wall Street now forecasts 29.25 % EPS growth.

More notable recent Penn Virginia Corporation (NASDAQ:PVAC) news were published by: Seekingalpha.com which released: “Penn Virginia: 50% Upside Delivered; Q1 2018 Results Reaffirm Further Upside Potential” on May 15, 2018, also Benzinga.com with their article: “54 Biggest Movers From Yesterday” published on May 10, 2018, Globenewswire.com published: “Penn Virginia Corporation Schedules Conference Call for First Quarter 2018 Results” on May 01, 2018. More interesting news about Penn Virginia Corporation (NASDAQ:PVAC) were released by: Nasdaq.com and their article: “Penn Virginia Reports First Quarter 2018 Results and Provides Operational Update” published on May 08, 2018 as well as Seekingalpha.com‘s news article titled: “Penn Virginia: Behind This Week’s Explosive Rally” with publication date: May 12, 2018.

Penn Virginia Corporation, an independent gas and oil company, engages in the onshore exploration, development, and production of crude oil, natural gas liquids, and natural gas in the United States. The company has market cap of $1.02 billion. The firm primarily operates wells in the Eagle Ford Shale field in South Texas. It has a 68.65 P/E ratio. It also has activities in the Granite Wash in Oklahoma.

Penn Virginia Corporation (NASDAQ:PVAC) Ratings Chart

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