Penn Virginia Receives Consensus Recommendation of “Buy” from Brokerages (NYSE:PVA)
Shares of Penn Virginia (NYSE:PVA) have earned an average rating of “Buy” from the twelve brokerages that are currently covering the company, Stock Ratings Network.com reports. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $17.10.
Penn Virginia (NYSE:PVA) traded up 0.87% on Thursday, hitting $18.0655. 244,377 shares of the company’s stock traded hands. Penn Virginia has a one year low of $4.13 and a one year high of $18.20. The stock has a 50-day moving average of $16.7 and a 200-day moving average of $12.59. The company’s market cap is $1.176 billion.
Penn Virginia (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 will post $0.11 earnings per share for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Canaccord Genuity raised their price target on shares of Penn Virginia from $18.00 to $19.00 in a research note on Monday, April 21st. They now have a “buy” rating on the stock. Separately, analysts at Jefferies Group raised their price target on shares of Penn Virginia to $22.00 in a research note on Monday, March 31st. Finally, 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.
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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