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Stock analysts at Imperial Capital lifted their price objective on shares of Penn Virginia (NYSE:PVA) from $18.00 to $20.00 in a report issued on Tuesday. The firm currently has an “outperform” rating on the stock. Imperial Capital’s target price would suggest a potential upside of 39.66% from the company’s current price.

Several other analysts have also recently commented on the stock. Analysts at KLR Group cut their price target on shares of Penn Virginia from $22.00 to $4.00 in a research note on Wednesday, May 14th. Separately, analysts at Canaccord Genuity reiterated a “buy” rating on shares of Penn Virginia in a research note on Wednesday, May 14th. They now have a $20.00 price target on the stock, up previously from $19.00. Finally, analysts at RBC Capital raised their price target on shares of Penn Virginia from $19.00 to $22.00 in a research note on Tuesday, May 13th. They now have an “outperform” rating on the stock. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Penn Virginia presently has an average rating of “Buy” and an average target price of $17.09.

Penn Virginia (NYSE:PVA) opened at 14.32 on Tuesday. Penn Virginia has a 52 week low of $4.43 and a 52 week high of $18.20. The stock has a 50-day moving average of $16.36 and a 200-day moving average of $13.06. The company’s market cap is $935.7 million.

Penn Virginia (NYSE:PVA) last issued its quarterly earnings data 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 $0.08 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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