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Penn Virginia Corporation (PVA) [hlAlert]

Rating:
Overweight
PVA
down 98.13 %

Penn Virginia Corporation (PVA) rated Overweight with price target $74 by Lehman Brothers

Posted on: Friday,  Aug 15, 2008  2:25 PM ET by Lehman Brothers

Lehman Brothers rated Overweight Penn Virginia Corporation (NYSE: PVA) on 08/15/2008. Previously Lehman Brothers rated Overweight Penn Virginia Corporation (NYSE: PVA) on
04/15/2008., when the stock price was $49.89. Since then, Penn Virginia Corporation has lost 98.14% as of 08/31/2015's recent price of $0.93.
If you would have followed the previous Lehman Brothers's recommendation on PVA, you would have lost 98.13% of your investment in 2694 days.

Penn Virginia Corporation is an independent oil and gas company primarily engaged in the development, exploration and production of natural gas and oil in various domestic onshore regions including East Texas, the Mid-Continent, Appalachia, Mississippi and the Gulf Coast. The Company also indirectly owns partner interests in Penn Virginia Resource Partners, L.P. (PVR). The Company?s ownership interests in PVR are held principally through its general partner interest and its 77% limited partner interest in Penn Virginia GP Holdings, L.P. (PVG). The Company is engaged in three business segments: oil and gas, coal and natural resource management and natural gas midstream. The Company operates its oil and gas segment. PVR operates the coal and natural resource management and natural gas midstream segments.

Lehman Brothers Holdings Inc. has filed for bankruptcy protection in the U.S.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
8/15/2008 2:25 PM Buy
None
62.26 74.00
as of 12/24/2008
1 Week down  -3.19 %
1 Month up  33.87 %
3 Months down  -37.91 %
1 YTD down  -77.59 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
6/16/2008 10:25 AM Buy
None
69.96 76.00
4/28/2008 8:25 AM Buy
None
52.00 64.00
4/15/2008 8:25 AM Buy
None
49.89 61.00

(*) Stock Price at the time of the recommendation.
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