Penn Virginia Slumps: PVA Tanks 9.2% in Session
Penn Virginia Corporation (PVA) saw a big move last session, as the company’s shares fell by about 9% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent downtrend for PVA, as the stock is now down by nearly 22% since Aug 29.
This slump shouldn’t be too much of a surprise to investors, as this independent oil and gas company has seen 5 negative revisions in the past few weeks and its current year loss consensus has widened over the last 30 days. This suggests there may be more trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent slump will continue, as the earnings picture definitely suggests that this might be the case.
PVA currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
Some better-ranked stocks in the Oil-US Exploration & Production industry include Northern Oil and Gas, Inc. (NOG), WPX Energy, Inc. (WPX) and Black Ridge Oil & Gas, Inc (ANFC). While Northern Oil and Gas and WPX Energy hold a Zacks Rank #1 (Strong Buy), Black Ridge Oil holds a Zacks Rank#2 (Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
PENN VIRGINIA CORP (PVA): Free Stock Analysis Report
NORTHERN OIL AND GAS INC (NOG): Free Stock Analysis Report
WPX ENERGY INC (WPX): Free Stock Analysis Report
BLACK RIDGE OIL GAS (ANFC): Free Stock Analysis Report
Zacks Investment Research
