Crude oil futures fell to a five-year low of $63.72 a barrel in overnight trading Sunday, according to Market Watch, though WTI crude oil prices were gaining 2% to $67.49 a barrel Monday morning. Brent crude oil futures were gaining 1.6% to $71.26 a barrel in morning trading.
Last week OPEC decided to not reduce its oil production rate from its current target of 30 million barrels a day. The decision sent oil prices lower, which helped lead to the multiyear lows.
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TheStreet Ratings team rates PENN VIRGINIA CORP as a Hold with a ratings score of C-. TheStreet Ratings Team has this to say about their recommendation:
"We rate PENN VIRGINIA CORP (PVA) a HOLD. The primary factors that have impacted our rating are mixed -- some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and compelling growth in net income. However, as a counter to these strengths, we find that the stock has had a generally disappointing performance in the past year."