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Penn Virginia (NYSE: PVA) was downgraded by research analysts at Stifel Nicolaus from a “buy” rating to a “hold” rating in a report released on Monday, TheFlyOnTheWall.com reports. The analysts noted that the move was a valuation call.

Penn Virginia (NYSE: PVA) opened at 4.10 on Monday. Penn Virginia has a 52-week low of $3.56 and a 52-week high of $7.74. The stock’s 50-day moving average is currently $4.27. The company’s market cap is $225.1 million.

Penn Virginia (NYSE: PVA) last posted its quarterly earnings results on Wednesday, February 20th. The company reported ($0.22) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.15) by $0.07. The company had revenue of $78.20 million for the quarter, compared to the consensus estimate of $79.07 million. During the same quarter in the prior year, the company posted ($0.14) earnings per share. The company’s quarterly revenue was down 2.8% on a year-over-year basis. On average, analysts predict that Penn Virginia will post $-0.57 earnings per share for the current fiscal year.

Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks downgraded shares of Penn Virginia from an “outperform” rating to a “neutral” rating in a research note to investors on Wednesday, March 6th. They now have a $5.40 price target on the stock. Separately, analysts at Wells Fargo initiated coverage on shares of Penn Virginia in a research note to investors on Monday, March 4th. They set an “outperform” rating on the stock. Finally, analysts at Credit Suisse cut their price target on shares of Penn Virginia from $6.00 to $5.00 in a research note to investors on Tuesday, February 26th. They now have a “neutral” rating on the stock.

One investment analyst has rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $6.15.

Penn Virginia Corporation is an independent oil and gas company primarily engaged in the development, exploration and production of natural gas and oil in various domestic onshore regions including East Texas, the Mid-Continent, Appalachia, Mississippi and the Gulf Coast.

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