Penn Virginia Corporation (NASDAQ:PVAC) traded at a new 52-week high today of $34.55. So far today approximately 122,000 shares have been exchanged, as compared to an average 30-day volume of 382,000 shares.
Based on a current price of $34.55, Penn Virginia Corporation is currently 52.7% above its average consensus analyst price target of $16.34.
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.
In the past 52 weeks, shares of Penn Virginia Corporation have traded between a low of $6.36 and a high of $34.55 and is now at $34.55, which is 443% above that low price.
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