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Stock Market & Financial Investment News

News Breaks
June 4, 2014
08:03 EDTPVAPenn Virginia shares oversold on Eagle Ford concerns, says Canaccord
Canaccord said shares of Penn Virginia are oversold due to concerns about the company's Eagle Ford estimated utilization rates, or EURs, though the firm said the EURs have not gone down and views estimates from its reserve engineer as conservative. Canaccord also cited Penn Virginia's sizable net acre position and its ability to bring down costs as reasons to buy shares after the correction and keeps a Buy rating and $20 price target on the stock.
News For PVA From The Last 14 Days
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April 16, 2015
10:10 EDTPVAPenn Virginia sale process said to stall, dealReporter says
Penn Virginia’s sale process has stalled due to valuation issues that have not been bridged by the seller and potential buyers, reported dealReporter, citing industry bankers, according to contacts. Penn Virginia shares are down 2.9% to $7.76 in early trading.

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