Penn Virginia COO John A. Brooks Sells 43,818 Shares (PVA)
Penn Virginia (NYSE:PVA) COO John A. Brooks sold 43,818 shares of Penn Virginia stock in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $14.66, for a total transaction of $642,371.88. Following the completion of the sale, the chief operating officer now directly owns 24,038 shares of the company’s stock, valued at approximately $352,397. The sale was disclosed in a document filed with the SEC, which is available at this link.
A number of analysts have recently weighed in on PVA shares. Analysts at Barclays raised their price target on shares of Penn Virginia from $16.00 to $18.00 in a research note on Wednesday, July 23rd. Separately, analysts at Canaccord Genuity raised their price target on shares of Penn Virginia from $20.00 to $22.00 in a research note on Friday, July 11th. They now have a “buy” rating on the stock. Finally, analysts at SunTrust raised their price target on shares of Penn Virginia from $27.00 to $28.00 in a research note on Monday, June 23rd. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Penn Virginia currently has an average rating of “Buy” and an average price target of $19.55.
Penn Virginia (NYSE:PVA) traded up 0.54% during mid-day trading on Thursday, hitting $14.82. 731,897 shares of the company’s stock traded hands. Penn Virginia has a 1-year low of $4.65 and a 1-year high of $18.20. The stock’s 50-day moving average is $14.1 and its 200-day moving average is $15.16. The company’s market cap is $1.033 billion.
Penn Virginia (NYSE:PVA) last posted its quarterly earnings results on Wednesday, July 30th. The company reported ($0.07) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.03) by $0.04. The company had revenue of $139.40 million for the quarter, compared to the consensus estimate of $149.60 million. During the same quarter last year, the company posted ($0.17) earnings per share. Penn Virginia’s revenue was up 27.1% compared to the same quarter last year. On average, analysts predict that Penn Virginia will post $-0.23 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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