RBC Capital Increases Penn Virginia Price Target to $22.00 (PVA)
Equities researchers at RBC Capital increased their target price on shares of Penn Virginia (NYSE:PVA) from $19.00 to $22.00 in a research report issued on Tuesday, American Banking News reports. The firm currently has an “outperform” rating on the stock. RBC Capital’s price target suggests a potential upside of 37.41% from the company’s current price.
A number of other firms have also recently commented on PVA. 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. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $18.10.
Penn Virginia (NYSE:PVA) opened at 16.01 on Tuesday. Penn Virginia has a 52-week low of $4.43 and a 52-week high of $18.20. The stock’s 50-day moving average is $16.70 and its 200-day moving average is $12.78. The company’s market cap is $1.042 billion.
Penn Virginia (NYSE:PVA) last announced its earnings results on Monday, May 12th. The company reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.06) by $0.18. The company had revenue of $133.20 million for the quarter, compared to the consensus estimate of $134.33 million. During the same quarter in the previous year, the company posted ($0.19) earnings per share. The company’s revenue for the quarter was up 128.2% on a year-over-year basis. On average, analysts predict that Penn Virginia will post $0.11 earnings per share for the current fiscal year.
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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