Zacks Downgrades Penn Virginia Corp. to Neutral (PVA)
Penn Virginia Corp. (NYSE:PVA) was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a report issued on Monday, American Banking News reports. They currently have a $15.00 target price on the stock. Zacks‘ price objective would suggest a potential upside of 6.01% from the company’s current price.
Shares of Penn Virginia Corp. (NYSE:PVA) traded up 6.04% during mid-day trading on Monday, hitting $15.005. The stock had a trading volume of 3,477,387 shares. Penn Virginia Corp. has a 1-year low of $3.56 and a 1-year high of $14.49. The stock has a 50-day moving average of $11.90 and a 200-day moving average of $8.71. The company’s market cap is $982.7 million.
Penn Virginia Corp. (NYSE:PVA) last released its 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. Analysts expect that Penn Virginia Corp. will post $0.25 EPS for the current fiscal year.
PVA has been the subject of a number of other recent research reports. Analysts at Howard Weil raised their price target on shares of Penn Virginia Corp. from $16.00 to $23.00 in a research note on Monday. They now have a “sector outperform” rating on the stock. Separately, analysts at Imperial Capital raised their price target on shares of Penn Virginia Corp. from $13.50 to $18.00 in a research note on Monday. They now have an “outperform” rating on the stock. Finally, analysts at TheStreet upgraded shares of Penn Virginia Corp. from a “sell” rating to a “hold” rating in a research note on Friday. Five research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Penn Virginia Corp. presently has an average rating of “Buy” and a consensus target price of $14.40.
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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