Penn Virginia Corp. Sets New 1-Year High at $11.27 (PVA)
Penn Virginia Corp. (NYSE:PVA) set a new 52-week high during trading on Friday, American Banking News reports. The stock traded as high as $11.27 and last traded at $11.26, with a volume of 2,168,909 shares. The stock had previously closed at $10.61.
A number of analysts have recently weighed in on PVA shares. Analysts at Zacks upgraded shares of Penn Virginia Corp. from a “neutral” rating to an “outperform” rating in a research note to investors on Thursday, December 26th. They now have a $11.30 price target on the stock. Separately, analysts at Imperial Capital initiated coverage on shares of Penn Virginia Corp. in a research note to investors on Thursday, December 5th. They set an “outperform” rating and a $13.50 price target on the stock. Finally, analysts at Canaccord Genuity reiterated a “buy” rating on shares of Penn Virginia Corp. in a research note to investors on Friday, November 22nd. They now have a $11.00 price target on the stock. One research analyst has rated the stock with a sell rating, one has issued a hold rating and nine have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $11.98.
Penn Virginia Corp. has a 52-week low of $3.56 and a 52-week high of $11.21. The stock has a 50-day moving average of $10.17 and a 200-day moving average of $7.1. The company’s market cap is $732.0 million.
Penn Virginia Corp. (NYSE:PVA) last posted its quarterly earnings results on Thursday, October 31st. The company reported ($0.02) EPS for the quarter, missing the Thomson Reuters 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 prior year, the company posted ($0.17) earnings per share. The company’s quarterly revenue was up 10.8% on a year-over-year basis. Analysts expect that Penn Virginia Corp. will post $-0.43 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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