Penn Virginia Corp. PT Raised to $15.00 at SunTrust (PVA)
Equities research analysts at SunTrust increased their price target on shares of Penn Virginia Corp. (NYSE:PVA) from $9.00 to $15.00 in a research note issued to investors on Friday, ARN reports. SunTrust’s price target points to a potential upside of 63.04% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Canaccord Genuity raised their price target on shares of Penn Virginia Corp. from $8.00 to $11.00 in a research note to investors on Friday. They now have a “buy” rating on the stock. Separately, analysts at Credit Suisse upgraded shares of Penn Virginia Corp. from a “neutral” rating to an “outperform” rating in a research note to investors on Friday. They now have a $11.00 price target on the stock, up previously from $7.00. Finally, analysts at Barclays reiterated a “sell” rating on shares of Penn Virginia Corp. in a research note to investors on Thursday. They now have a $7.00 price target on the stock. One analyst has rated the stock with a sell rating, two have given a hold rating and seven have issued a buy rating to the company. Penn Virginia Corp. currently has an average rating of “Buy” and an average target price of $9.56.
Shares of Penn Virginia Corp. (NYSE:PVA) traded up 8.11% during mid-day trading on Friday, hitting $9.20. The stock had a trading volume of 8,540,551 shares. Penn Virginia Corp. has a 52 week low of $3.56 and a 52 week high of $9.27. The stock has a 50-day moving average of $7.14 and a 200-day moving average of $5.34. The company’s market cap is $598.6 million.
Penn Virginia Corp. (NYSE:PVA) last posted its quarterly earnings results on Thursday, October 31st. The company reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by $0.50. 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. Analysts expect that Penn Virginia Corp. will post $-0.59 EPS for the current fiscal year.
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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