Penn Virginia Price Target Raised to $28.00 at SunTrust (PVA)
Equities research analysts at SunTrust hoisted their price target on shares of Penn Virginia (NYSE:PVA) from $27.00 to $28.00 in a research note issued to investors on Monday. SunTrust’s price target suggests a potential upside of 85.43% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Stifel upgraded shares of Penn Virginia from a “hold” rating to a “buy” rating in a research note on Friday, June 13th. They now have a $23.00 price target on the stock. Separately, analysts at Stifel Nicolaus upgraded shares of Penn Virginia from a “hold” rating to a “buy” rating in a research note on Friday, June 13th. They now have a $23.00 price target on the stock. They noted that the move was a valuation call. Finally, analysts at MLV & Co
raised their price target on shares of Penn Virginia from $20.00 to $22.00 in a research note on Thursday, June 12th. They now have a “buy” rating on the stock. Two analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Penn Virginia presently has a consensus rating of “Buy” and an average target price of $19.15.
Penn Virginia (NYSE:PVA) traded up 1.79% on Monday, hitting $15.37. 1,084,511 shares of the company’s stock traded hands. Penn Virginia has a one year low of $4.49 and a one year high of $18.20. The stock has a 50-day moving average of $15.32 and a 200-day moving average of $13.8. The company’s market cap is $1.004 billion.
Penn Virginia (NYSE:PVA) last posted its quarterly 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. Analysts expect that Penn Virginia will post $-0.02 EPS 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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