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Snatch This Bargain Energy Stock With 4.2% Yield Even Cheaper Than CFO Hartman Did

By Energy Stock Channel Staff, Friday, November 18, 11:35 AM ET
Play Video: One Reason For Insiders to Buy


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There's an old saying on Wall Street about insider buying: there are many possible reasons to sell a stock, but only one reason to buy. Back on August 18, Penn Virginia Corp.'s CFO, Steven A. Hartman, invested $9,000.00 into 1,000 shares of PVA, for a cost per share of $9.00. Bargain hunters tend to pay particular attention to insider buys like this one, because presumably the only reason an insider would take their hard-earned cash and use it to buy stock of their company in the open market, is that they expect to make money.

In trading on Friday, bargain hunters could buy shares of Penn Virginia Corp. (NYSE:PVA) and achieve a cost basis 42.0% cheaper than Hartman, with shares changing hands as low as $5.22 per share. It should be noted that Hartman has collected $0.06/share in dividends since the time of their purchase, so they are currently down 41.3% on their purchase from a total return basis. Penn Virginia Corp. shares are currently trading off about 0.8% on the day. The chart below shows the one year performance of PVA shares, versus its 200 day moving average:

Penn Virginia Corp. Chart

Looking at the chart above, PVA's low point in its 52 week range is $4.35 per share, with $18.80 as the 52 week high point that compares with a last trade of $5.31. By comparison, below is a table showing the prices at which insider buying was recorded over the last six months:

Purchased Insider Title Shares Price/Share Value
08/18/2011 Steven A. Hartman Sr. VP and CFO 1,000 $9.00 $9,000.00

The current annualized dividend paid by Penn Virginia Corp. is $0.22/share, currently paid in quarterly installments, and its most recent dividend ex-date was on 11/04/2011. Below is a long-term dividend history chart for PVA, which can be of good help in judging whether the most recent dividend with approx. 4.2% annualized yield is likely to continue.

According to the ETF Finder at ETF Channel, PVA makes up 1.34% of the S&P SmallCap Energy Portfolio ETF (NASDAQ:PSCE) which is trading lower by about 0.1% on the day Friday.

See what other ETFs contain PVA
See what other stocks are held by PSCE

PVA operates in the Oil & Gas Exploration & Production sector, among companies like Energen Corp. (NYSE:EGN) which is up about 0.1% today, and Cobalt International Energy Inc. (NYSE:CIE) trading higher by about 3.5%. Below is a three month price history chart comparing the stock performance of PVA, versus EGN and CIE.

PVA,EGN,CIE Relative Performance Chart


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This Article's Word Cloud:   Bargain   Below   Channel   Corp   Definition   Energy   Hartman   Importance   Insider   NYSE   Penn   Portfolio   Price   Steven   Virginia   about   annualized   asset   below   buying   chart   currently   dividend   escape   fillColor   history   hunters   insider   last   only   other   paid   performance   point   portfolio   purchase   reason   share   shares   stock   stocks   that   their   there   trading   versus   week   what   which   with

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