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Penn Virginia Corporation (PVA) [hlAlert]

Rating:
Buy PVA
down 97.71 %

Penn Virginia Corporation (PVA) rated Buy with price target $16 by Canaccord Adams

Posted on: Monday,  Mar 9, 2009  11:25 AM ET by Canaccord Adams

Canaccord Adams rated Buy Penn Virginia Corporation (NYSE: PVA) on 03/09/2009. Previously Canaccord Adams rated Buy Penn Virginia Corporation (NYSE: PVA) on
08/03/2007., when the stock price was $40.70. Since then, Penn Virginia Corporation has lost 97.71% as of 08/31/2015's recent price of $0.93.
If you would have followed the previous Canaccord Adams's recommendation on PVA, you would have lost 97.71% of your investment in 2950 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.

Canaccord Adams provides focused, actionable, idea-driven research, helping clients make informed investment decisions. Our 55 international analysts scour the globe for emerging and small to mid cap (US$1-2 billion market capitalization) growth opportunities, identifying value and exposing risk. Our research team analyzes over 550 companies in eight sectors, clarifying current events and anticipating market trends in high-quality daily, weekly and monthly research products. Our clients benefit from our thorough and sophisticated knowledge of the sectors we cover - Metals and Mining, Energy, Technology, Life Sciences, Real Estate, Consumer, Sustainability and Industrial Growth. We combine independent, actionable ideas, unique global perspective and unparalleled industry expertise. We believe it's evident in our research, and the foundation of our business.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
3/9/2009 11:25 AM Buy
None
8.76 16.00
as of 12/31/2009
1 Week down  -26.25 %
1 Month down  -8.22 %
3 Months down  -27.41 %
1 YTD down  -35.98 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
5/9/2008 11:25 AM Buy
None
53.72 60.00
11/2/2007 11:25 AM Buy
None
47.50 52.00
8/3/2007 11:25 AM Buy
None
40.70 47.00

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