UPDATE: SunTrust Robinson Humphrey Starts Penn Virginia (PVAC) at Buy

(updated to add analyst comment)

SunTrust Robinson Humphrey initiates coverage on Penn Virginia (NASDAQ: PVAC) with a Buy rating and a price target of $50.00.

Analyst Neal Dingmann sees potential catalysts driving upside in the for high oil/liquids content, significant production growth, free-cash flows, incremental inventory expansion, and strong returns.

For an analyst ratings summary and ratings history on Penn Virginia click here. For more ratings news on Penn Virginia click here.

Shares of Penn Virginia closed at $35.39 yesterday.

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