Penn Virginia Corporation (NASDAQ:PVAC) is among the top stocks that may remain in focus today as the company shares are trading 3.44% or 1.12 points lower from last closing price of $32.52, reaching $31.4 at last check. Any clue why there is so much of action in the PVAC stock? The share price has dropped in 4 of the last 5 days and is down -40.8% over the past week. It will be exciting to see whether the stock manages to continue decreasing or take a minor break for the next few days. The move came on solid volume too with far more shares changing hands than in a normal session. Trading activity as of this writing strengthened by 24,171 shares, and in total 163971 shares valued at $5.149 million were seen changing hands compared with 139800 shares valued at $4.546 million recorded at the previous session. You should take into consideration that a greater volume on lower prices causes the situation where nobody wants to continue with their long position and wants to exit from the PVAC stock.
Penn Virginia Corporation (PVAC) shares have notched a 3-month decline of about -40.8%, but has still tumbled -39.84% year to date. By comparison, the stock sank -49.18% over the past 12 months, while it slipped -26.49% over the 1 month. The company’s market cap is around $490.73M, with its short interest ratio standing at 4.58%.
In the current trading session for PVAC, the stock witnessed two major price actions, it rose to a high of $32.49 and was down as much as $30.92 at one point. The high recorded is very low when compared to their 52-week high which is $32.22. The 52-week high is now at -67.23 distance from current price. Their recent low of $96.13 represents a -2.23% recovery. This data is quite important for investors who look to benefit from the recent rise of the company’s stock. The price target currently for PVAC is $65.75, this is below the recent high that the stock attained. Taking a look at the overall sentimental views of financial analysts, the trading pattern of this stock recently is very clear.
The stock of Penn Virginia Corporation earned $11.42 per share in the trailing 12 months and has a P/E ratio of 2.75. You can compare it with that of similar companies in its industry to get a sense of whether the stock you’re looking to purchase is overvalued or undervalued. Its current price to earnings ratio is lower than the ones recorded by the industry which is 4.19 and lower compared to the sector’s average of 9.91. When the P/E ratio is low let’s say below 1.0, then the stock price is considered a good value. PVAC also has P/S multiple of 1.01. This is smaller versus the 12 month P/S ratios of other companies in the same indutry. The peer average price to sales ratio is 91.26x.
The company recorded an interesting insider purchase transaction by the Major Shareholder on Jan 03, 2019. A Securities and Exchanges Commission filings show that Mangrove Partners Master Fund, bought a total of 30,000 PVAC shares that day for a sum of around $1,662,000. Penn Virginia Corporation (PVAC) insiders have acquired no shares in the stock within the past three months. In total, individual insiders traded no shares in the business, which makes up 0% of 214,500 shares that were traded over a year. In the past 12 months, insiders have purchased 209,405 shares while the seller parted with 5,095 shares.
PVAC‘s last price was down -46.93% as compared to the average trading price of 50 days recorded at $59.17 while enlarging the period to 200 trading days, the average closing price was $42.74. At present, there are 15.09 million in the total number of common shares owned by the public and among those 15.05 million shares have been available to trade. The percentage of shares being held by the company management was 12.2% while institutions stake was 99%. The company has generated positive returns on equity over the last 12 months (52.8%). It managed to keep its gross profit margin at 82.1% over the past 12 months.
When assessing the full upside of the PVAC stock, there is another set of technicals that should be looked into and considered. Its -19.6% decline from moving average of $39.05 has brought about a negative sentiment when calculated over the last 20 days. The market has allocated a beta of 0 to the stock. With the beta been less than one, this implies that the company shares are theoretically less volatile than the market, something that the traders definitely are keeping an eye on.
Most of the analysts surveyed by Thomson/First Call think quite highly of Penn Virginia Corporation — 5 analysts rate the stock as a buy with another 0 rating it strong buy. There are 0 analysts who maintain a hold rating for the stock, with 0 giving it a sell rating. Analysts arrived at a 12-month price target of $95 on shares of Penn Virginia Corporation (NASDAQ:PVAC), which corresponds to 202.84% upside potential than its current market price of $31.4 and implies potential despite the recent drop in the price. However, their current target price has fallen from $96 a month ago and is down handily from the consensus target of $109 a quarter ago.
In the last five years, the EPS of the company has been roughly 52%. Though the percentage looks encouraging, extra tailwinds are emerging as looking out over a next 5-year period, with analysts estimating that their earnings will increase annually by 10%. The revenue of the company has risen at an average annualized rate of about 0.4 over the last five years. The company recently recorded an increase of 36.4%, but this figure is rather attractive.
Let’s briefly check the hedge fund interest towards PVAC stock. FMR LLC trimmed position in the company after it dumped -0.8% or 279,965 shares of its common stock. The hedge fund now owns 277,725 shares worth $8,720,565, SEC documents show. Encompass Capital Advisors LLC shored up assets in the stock as 257492.4 shares have been purchased, increasing its stake by 11.3% to 286,589 shares which are currently valued at $8,998,895. In addition, Hotchkis & Wiley Capital Management LLC recently reported that it now owns 51,880 shares making a total of $1,629,032 based on the recent price. This refelects a change of 50% in their ownership.