EVA Dimensions LLC Upgrades Penn Virginia Corp. to Hold (PVA)
Penn Virginia Corp. (NYSE:PVA) was upgraded by equities researchers at EVA Dimensions LLC from an “underweight” rating to a “hold” rating in a research report issued on Thursday, American Banking and Market News reports.
Shares of Penn Virginia Corp. (NYSE:PVA) traded up 4.96% on Thursday, hitting $13.55. The stock had a trading volume of 3,080,689 shares. Penn Virginia Corp. has a one year low of $3.56 and a one year high of $13.30. The stock has a 50-day moving average of $11.6 and a 200-day moving average of $8.60. The company’s market cap is $881.6 million.
Penn Virginia Corp. (NYSE:PVA) last issued its quarterly earnings data on Wednesday, February 19th. The company reported ($0.10) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.03) by $0.07. The company had revenue of $117.10 million for the quarter, compared to the consensus estimate of $128.59 million. On average, analysts predict that Penn Virginia Corp. will post $0.26 earnings per share for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Barclays upgraded shares of Penn Virginia Corp. from an “underweight” rating to an “equal weight” rating in a research note on Monday, February 3rd. They now have a $14.00 price target on the stock, up previously from $7.00. Separately, analysts at Miller Tabak initiated coverage on shares of Penn Virginia Corp. in a research note on Tuesday, January 14th. They set a “buy” rating on the stock. Finally, analysts at Howard Weil raised their price target on shares of Penn Virginia Corp. from $14.00 to $16.00 in a research note on Monday, January 13th. They now have a “sector outperform” rating on the stock. Three research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $12.88.
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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