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Penn Virginia Corp. (NYSE:PVA) was upgraded by equities research analysts at TheStreet from a “sell” rating to a “hold” rating in a research note issued to investors on Friday, American Banking News reports.

The analysts wrote, “Penn Virginia Corporation (PVA) has been upgraded by TheStreet Ratings from sell to hold. The company’s strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance and increase in net income. However, as a counter to these strengths, we also find weaknesses including generally higher debt management risk, disappointing return on equity and weak operating cash flow.”

Penn Virginia Corp. (NYSE:PVA) traded up 1.21% on Friday, hitting $14.20. 1,129,592 shares of the company’s stock traded hands. Penn Virginia Corp. has a 52 week low of $3.56 and a 52 week 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 $923.9 million.

Penn Virginia Corp. (NYSE:PVA) last issued its quarterly earnings data on Wednesday, February 19th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing the 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.

PVA has been the subject of a number of other recent research reports. Analysts at EVA Dimensions LLC upgraded shares of Penn Virginia Corp. from an “underweight” rating to a “hold” rating in a research note on Thursday. Separately, 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. Finally, 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. Four investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Penn Virginia Corp. presently has a consensus rating of “Buy” and an average 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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