Should You Buy Penn Virginia Corporation (PVAC) Stock After it Has Risen 3.00% in a Week?

Wednesday, August 5, 2020 10:06 AM | InvestorsObserver Analysts

The market has been high on Penn Virginia Corporation (PVAC) stock recently. PVAC gets a Bullish score from InvestorsObserver's Stock Sentiment Indicator.

Sentiment Score - ,bullish
Penn Virginia Corporation has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on PVAC!

What is Stock Sentiment?

Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score.

As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend.

Sentiment is how investors, or the market, feels about a stock. There are lots of ways to measure sentiment. At the core, sentiment is pretty easy to understand. If a stock is going up, investors must be bullish, while if it is going down, sentiment is bearish.

InvestorsObserver’s Sentiment Indicator looks at price trends over the past week and also considers changes in volume. Increasing volume can mean a trend is getting stronger, while decreasing volume can mean a trend is nearing a conclusion.

For stocks that have options, our system also considers the balance between calls, which are often bets that the price will go up, and puts, which are frequently bets that the price will fall.

What's Happening With PVAC Stock Today?

Penn Virginia Corporation (PVAC) stock is trading at $11.33 as of 10:04 AM on Wednesday, Aug 5, a rise of $0.29, or 2.63% from the previous closing price of $11.04. The stock has traded between $11.20 and $11.70 so far today. Volume today is light. So far 131,111 shares have traded compared to average volume of 1,028,722 shares.

To see the top 5 stocks in the Oil & Gas E&P industry click here.

More About Penn Virginia Corporation

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.

Share this article:

Related Companies

Upgrade to Premium and Analyze Stocks Like a Pro

50% Off All Subscriptions
InvestorsObserver Premium
InvestorsObserver Premium
InvestorsObserver Premium
Save up to 65% with annual

InvestorsObserver Premium

$ 20.75 $ 10.38 /month
$249 $124.50 billed annually

You May Also Like

Related Articles

What is the Forecast Price for Baker Hughes Co (BKR) Stock?

Where Does Wall Street Think Enerplus Corp (ERF) Stock Will Go?

Where Does Wall Street Think Delek US Holdings Inc (DK) Stock Will Go?

Is Enable Midstream Partners LP (ENBL) Stock About to Get Hot Monday?

Is Cenovus Energy Inc (CVE) the Top Pick in the Oil & Gas Integrated Industry?

Related Companies