Canaccord Genuity Increases Penn Virginia Price Target to $19.00 (PVA)
Equities research analysts at Canaccord Genuity raised their target price on shares of Penn Virginia (NYSE:PVA) from $18.00 to $19.00 in a research note issued to investors on Monday, Stock Ratings Network reports. The firm currently has a “buy” rating on the stock. Canaccord Genuity’s price target indicates a potential upside of 12.09% from the company’s current price.
Penn Virginia (NYSE:PVA) traded up 1.06% during mid-day trading on Monday, hitting $17.13. 325,989 shares of the company’s stock traded hands. Penn Virginia has a 1-year low of $3.67 and a 1-year high of $18.04. The stock has a 50-day moving average of $15.8 and a 200-day moving average of $11.72. The company’s market cap is $1.115 billion.
Penn Virginia (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 will post $0.09 earnings per share for the current fiscal year.
A number of other analysts have also recently weighed in on PVA. Analysts at Jefferies Group raised their price target on shares of Penn Virginia to $22.00 in a research note on Monday, March 31st. Separately, analysts at SunTrust raised their price target on shares of Penn Virginia from $21.00 to $25.00 in a research note on Monday, March 17th. Finally, analysts at Barclays raised their price target on shares of Penn Virginia from $14.00 to $16.00 in a research note on Tuesday, February 25th. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $17.10.
Penn Virginia Corporation (NYSE:PVA) is an independent oil and gas company engaged primarily in the exploration, development and production of oil, natural gas liquids (NGL) and natural gas in various domestic onshore regions of the United States, including Texas, the Mid-Continent and Mississippi.
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