Penn Virginia Corp. Receives Buy Rating from Canaccord Genuity (PVA)
Penn Virginia Corp. (NYSE:PVA)‘s stock had its “buy” rating reiterated by stock analysts at Canaccord Genuity in a report issued on Monday, AmericanBankingNews.com reports. They currently have a $8.00 target price on the stock. Canaccord Genuity’s target price would suggest a potential upside of 2.04% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Barclays raised their price target on shares of Penn Virginia Corp. from $4.50 to $7.00 in a research note to investors on Monday. They now have an “underweight” rating on the stock. Separately, analysts at SunTrust reiterated a “buy” rating on shares of Penn Virginia Corp. in a research note to investors on Thursday, October 10th. They now have a $9.00 price target on the stock. Finally, analysts at Howard Weil raised their price target on shares of Penn Virginia Corp. from $10.00 to $12.00 in a research note to investors on Friday, October 4th. They now have a “sector outperform” rating on the stock. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company. Penn Virginia Corp. has an average rating of “Buy” and a consensus price target of $7.63.
Penn Virginia Corp. (NYSE:PVA) traded up 0.06% during mid-day trading on Monday, hitting $7.845. The stock had a trading volume of 1,264,327 shares. Penn Virginia Corp. has a 52-week low of $3.56 and a 52-week high of $7.95. The stock’s 50-day moving average is $6.38 and its 200-day moving average is $5.06. The company’s market cap is $510.4 million.
Penn Virginia Corp. (NYSE:PVA) last issued its quarterly earnings data on Wednesday, August 7th. The company reported ($0.17) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.16) by $0.01. The company had revenue of $109.73 million for the quarter, compared to the consensus estimate of $111.74 million. During the same quarter in the prior year, the company posted ($0.23) earnings per share. The company’s quarterly revenue was up 43.9% on a year-over-year basis.
Penn Virginia Corporation (NYSE:PVA) is an independent oil and gas company primarily engaged in the exploration, development and production of natural gas and oil in various domestic onshore regions of the United States, including Texas, Appalachia, the Mid-Continent and Mississippi.
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