ICS Opportunities, Ltd disclosed that they own a 1.5% stake in Penn Virginia Co. (NYSE:PVA) in a Schedule 13G/A disclosure that was filed with the Securities and Exchange Commission on Thursday, January 21st. The investor owns 1,123,828 shares of the stock worth about $171,946. The reporting parties listed on the disclosure included ICS Opportunities, Ltd, Integrated Assets, Ltd, Integrated Core Strategies (US) LLC, Millennium International Management LP, Millennium International Management GP LLC, Millennium Management LLC and Israel A Englander. The filing is available through EDGAR at this hyperlink.

Penn Virginia (NYSE:PVA) last posted its quarterly earnings data on Monday, November 9th. The oil and gas exploration company reported ($0.60) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.49) by $0.11. The firm had revenue of $112 million for the quarter, compared to the consensus estimate of $94.63 million. Penn Virginia’s revenue was down 57.2% on a year-over-year basis. During the same period in the prior year, the company posted ($0.10) earnings per share.

Several research analysts have recently commented on the stock. FBR & Co. reissued a “marketperform” rating on shares of Penn Virginia in a research note on Monday, November 2nd. Oppenheimer reissued a “hold” rating on shares of Penn Virginia in a research note on Tuesday, November 10th. KLR Group lowered shares of Penn Virginia from a “buy” rating to a “hold” rating in a research note on Thursday, October 15th. Canaccord Genuity lowered shares of Penn Virginia from a “buy” rating to a “hold” rating in a research note on Wednesday, November 11th. Finally, Zacks Investment Research lowered shares of Penn Virginia from a “buy” rating to a “hold” rating in a research note on Monday, October 19th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have issued a buy rating to the company. Penn Virginia has an average rating of “Hold” and an average price target of $4.60.

Penn Virginia Corporation (NYSE:PVA) is an independent oil and gas company. The Company is engaged in the exploration, development and production of crude oil, natural gas liquids (NGL) and natural gas in onshore regions of the United States primarily the Eagle Ford Shale, or Eagle Ford, in South Texas. Its operational facilities are located in Texas and Oklahoma. The Company produces predominantly crude oil and NGLs. The Company’s NGLs are sold to interstate and midstream pipelines. The Company’s natural gas production is also sold to interstate and midstream pipelines. The Company has approximately 738 gross (478.8 net) productive wells, approximately 90% of which it operated, and owned approximately 224,000 gross (158,600 net) acres of leasehold and royalty interests, approximately 45% of which were undeveloped. The Company owns a contiguous position of approximately 102,000 net acres in Eagle Ford.

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