Northland Securities Thinks Penn Virginia Corporation’s Stock is Going to Recover


Northland Securities analyst Jeff Grampp reiterated a Buy rating on Penn Virginia Corporation (PVAC) today and set a price target of $60. The company’s shares closed yesterday at $29.84, close to its 52-week low of $27.33.

According to TipRanks.com, Grampp ‘s ranking currently consits of no stars on a 0-5 ranking scale, with an average return of -17.2% and a 19.0% success rate. Grampp covers the Basic Materials sector, focusing on stocks such as Sundance Energy Australia, SilverBow Resources Inc, and Goodrich Petroleum Corp.

Currently, the analyst consensus on Penn Virginia Corporation is a Strong Buy with an average price target of $63.50.

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The company has a one-year high of $89.62 and a one-year low of $27.33. Currently, Penn Virginia Corporation has an average volume of 261.4K.

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Penn Virginia Corp. engages in the exploration, development, and production of oil, natural gas liquids, and natural gas in various domestic onshore regions of the United States. It focuses primarily on the Eagle Ford Shale project located in South Texas. The company was founded in 1882 and is headquartered in Houston, TX.

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