Short Interest in Penn Virginia Grows By 27.5% (PVA)
Penn Virginia (NYSE:PVA) saw a large increase in short interest during the month of May. As of May 15th, there was short interest totalling 17,635,282 shares, an increase of 27.5% from the April 30th total of 13,831,836 shares, Analyst Ratings Network.com reports. Based on an average daily trading volume, of 3,744,602 shares, the days-to-cover ratio is currently 4.7 days. Currently, 27.6% of the shares of the company are short sold.
Several analysts have recently commented on the stock. Analysts at MLV & Co
reiterated a “buy” rating on shares of Penn Virginia in a research note on Tuesday, June 3rd. They now have a $20.00 price target on the stock. Separately, analysts at SunTrust reiterated a “buy” rating on shares of Penn Virginia in a research note on Wednesday, May 21st. They now have a $27.00 price target on the stock, up previously from $25.00. Finally, analysts at Imperial Capital raised their price target on shares of Penn Virginia from $18.00 to $20.00 in a research note on Tuesday, May 20th. They now have an “outperform” rating on the stock. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Penn Virginia presently has a consensus rating of “Buy” and an average target price of $18.18.
Penn Virginia (NYSE:PVA) opened at 14.26 on Monday. 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 $15.89 and its 200-day moving average is $13.57. The company’s market cap is $931.8 million.
Penn Virginia (NYSE:PVA) last released its 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 $-0.02 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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