Penn Virginia Stock Mirrors Crude Oil and Natural Gas Prices



Penn Virginia’s stock performance

In this part, we’ll discuss Penn Virginia’s (PVAC) stock performance YoY (year-over-year). As we saw in the previous part, the company forecast the highest capex growth among upstream companies in 2018 compared to the levels in 2017.

We’ll also compare Penn Virginia’s stock movements with the Energy Select Sector SPDR ETF (XLE) and the S&P 500 SPDR ETF (SPY).

Penn Virginia stock has mainly been mirroring movements in crude oil prices and natural gas prices. In the above graph, you can see that crude oil prices and natural gas prices have fallen ~26.4% YoY.

Crude oil accounted for 73% of Penn Virginia’s fiscal 2017 production, while natural gas accounted for ~17% of the total production. On a YoY basis, crude oil (USO) prices have increased ~19.5%, while natural gas (UNG) prices have fallen ~17%.

We can see that Penn Virginia stock has underperformed XLE, which has decreased ~4.5% YoY. Meanwhile, SPY has risen ~11% during the same period.

Check out all the data we have added to our quote pages. Now you can get a valuation snapshot, earnings and revenue estimates, and historical data as well as dividend info. Take a look!

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