Penn Virginia GP Stock Hits New 52-Week High (PVG)

NEW YORK ( TheStreet) -- Penn Virginia GP Holdings (NYSE: PVG) hit a new 52-week high Wednesday as it traded at $27.59 compared with its previous 52-Week high of $27.44. Penn Virginia GP is changing hands at $27.59 with 182,299 shares traded as of 10:16 a.m. ET. Average volume has been 209,200 shares over the past 30 days.

Penn Virginia GP has a market cap of $1 billion and is part of the basic materials sector and energy industry. Shares are up 2.4% year to date as of the close of trading on Tuesday.

Penn Virginia GP Holdings, L.P., through its subsidiaries, engages in the management of coal and natural resource properties, and gathering and processing of natural gas in the United States. The company has a P/E ratio of 28.2, equal to the average energy industry P/E ratio and above the S&P 500 P/E ratio of 17.3.

TheStreet Ratings rates Penn Virginia GP as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, notable return on equity and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Penn Virginia GP Ratings Report.

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