Penn Virginia Corp. Receives New Coverage from Analysts at Miller Tabak (PVA)
Equities researchers at Miller Tabak started coverage on shares of Penn Virginia Corp. (NYSE:PVA) in a research report issued on Tuesday, TheFlyOnTheWall.com reports. The firm set a “buy” rating on the stock.
Penn Virginia Corp. (NYSE:PVA) last issued its quarterly earnings data 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 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.
Other equities research analysts have also recently issued reports about the stock. Analysts at Howard Weil raised their price target on shares of Penn Virginia Corp. from $14.00 to $16.00 in a research note to investors on Monday. They now have a “sector outperform” rating on the stock. Separately, 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. Finally, 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. One research analyst has rated the stock with a sell rating, one has given a hold rating and ten have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $12.18.
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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