PVAC - Shares of Penn Virginia Corporation (PVAC) Rise to a New 52-Week High

Shares of Penn Virginia Corporation (NASDAQ:PVAC) traded today at $25.30, eclipsing its 52-week high. This new high was reached on below average trading volume as 122,000 shares traded hands, while the average 30-day volume is approximately 477,000 shares.

In the past 52 weeks, shares of Penn Virginia Corporation have traded between a low of $6.36 and a high of $25.30 and is now at $24.97, which is 293% above that low price.

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.

Penn Virginia Corporation (NASDAQ:PVAC) defies analysts with a current price ($24.97) 42.7% above its average consensus price target of $14.30.

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