Penn Virginia Resource Partners L P Announces Quarterly Dividend of $0.55 (PVR)
Penn Virginia Resource Partners L P (NYSE:PVR) announced a quarterly dividend on Friday, October 25th, Analyst Ratings Network reports. Investors of record on Wednesday, November 6th will be paid a dividend of $0.55 per share on Wednesday, November 13th. This represents a $2.20 annualized dividend and a dividend yield of 8.41%. The ex-dividend date is Monday, November 4th.
PVR has been the subject of a number of recent research reports. Analysts at BB&T Corp. downgraded shares of Penn Virginia Resource Partners L P from a “buy” rating to a “hold” rating in a research note to investors on Monday, October 14th. They now have a $28.00 price target on the stock. On the ratings front, analysts at Citigroup Inc. initiated coverage on shares of Penn Virginia Resource Partners L P in a research note to investors on Monday, September 30th. They set a “buy” rating on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Penn Virginia Resource Partners L P in a research note to investors on Thursday, September 19th. They now have a $24.00 price target on the stock. Six analysts have rated the stock with a hold rating and three have given a buy rating to the company. Penn Virginia Resource Partners L P has an average rating of “Hold” and a consensus target price of $27.17.
Shares of Penn Virginia Resource Partners L P (NYSE:PVR) traded up 0.58% during mid-day trading on Friday, hitting $26.15. 537,054 shares of the company’s stock traded hands. Penn Virginia Resource Partners L P has a one year low of $21.87 and a one year high of $29.26. The stock has a 50-day moving average of $23.96 and a 200-day moving average of $25.07. The company’s market cap is $2.503 billion.
Penn Virginia Resource Partners L P (NYSE:PVR) last posted its quarterly earnings results on Thursday, October 24th. The company reported ($0.09) EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.08 by $0.17. The company had revenue of $288.96 million for the quarter, compared to the consensus estimate of $277.70 million. During the same quarter in the previous year, the company posted $0.16 earnings per share. The company’s revenue for the quarter was up 7.4% on a year-over-year basis.
Penn Virginia Resource Partners, L.P. (NYSE:PVR) is a limited partnership that is principally engaged in the management of coal and natural resource properties and the gathering and processing of natural gas in the United States.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.