PVAC - Penn Virginia Corporation Looks to Continue to Trade Above its Annual-High Share Price Today

Penn Virginia Corporation (NASDAQ:PVAC) traded at a new 52-week high today of $28.28. So far today approximately 122,000 shares have been exchanged, as compared to an average 30-day volume of 309,000 shares.

Penn Virginia Corp is an independent oil and gas company. The company is engaged in the onshore exploration, development, and production of crude oil, NGLs, and natural gas. Penn operates in one segment. Its operations consist primarily of drilling unconventional horizontal development wells and operating its producing wells in the Eagle Ford Shale field or the Eagle Ford, in South Texas. Penn also has operations in Oklahoma, primarily in the Granite Wash. Its primary oil and gas assets are in Gonzales and Lavaca Counties in South Texas.

Over the past year, Penn Virginia Corporation has traded in a range of $6.36 to $28.28 and is now at $27.89, 339% above that low.

Penn Virginia Corporation (NASDAQ:PVAC) defies analysts with a current price ($27.89) 41.4% above its average consensus price target of $16.34.

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