Penn Virginia Corp. (PVA) Posts Quarterly Results
Penn Virginia Corp. (NYSE:PVA) released its earnings data on Thursday. The company reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by $0.50, Stock Ratings Network.com reports. The company had revenue of $121.60 million for the quarter, compared to the consensus estimate of $523.84 million. During the same quarter in the previous year, the company posted ($0.17) earnings per share. The company’s revenue for the quarter was up 10.8% on a year-over-year basis.
Shares of Penn Virginia Corp. (NYSE:PVA) opened at 7.41 on Thursday. Penn Virginia Corp. has a 1-year low of $3.56 and a 1-year high of $7.11. The stock has a 50-day moving average of $6.97 and a 200-day moving average of $5.28. The company’s market cap is $482.1 million.
A number of research firms have recently commented on PVA. Analysts at Canaccord Genuity reiterated a “buy” rating on shares of Penn Virginia Corp. in a research note to investors on Monday, October 21st. They now have a $8.00 price target on the stock. On a related note, 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, October 21st. They now have an “underweight” rating on the stock. Finally, 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. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $7.63.
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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