Penn Virginia Corporation (NASDAQ:PVAC) – Stock analysts at SunTrust Banks issued their FY2017 EPS estimates for shares of Penn Virginia in a research report issued to clients and investors on Tuesday. SunTrust Banks analyst N. Dingmann expects that the company will post earnings per share of $2.27 for the year. SunTrust Banks has a “Buy” rating and a $50.00 price objective on the stock. SunTrust Banks also issued estimates for Penn Virginia’s Q4 2017 earnings at $0.42 EPS, FY2018 earnings at $4.10 EPS, FY2019 earnings at $7.16 EPS and FY2020 earnings at $11.18 EPS.

PVAC has been the topic of several other research reports. Zacks Investment Research cut shares of Penn Virginia from a “hold” rating to a “sell” rating in a research note on Wednesday, November 22nd. Northland Securities reaffirmed a “buy” rating and issued a $63.00 price target on shares of Penn Virginia in a report on Friday, November 10th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $51.50.

Shares of Penn Virginia (NASDAQ:PVAC) traded down $0.62 on Friday, hitting $34.31. 221,300 shares of the stock traded hands, compared to its average volume of 61,697. Penn Virginia has a 1-year low of $31.00 and a 1-year high of $61.97. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 1.06. The stock has a market capitalization of $514.80 and a P/E ratio of 14.48.

Large investors have recently added to or reduced their stakes in the stock. Legal & General Group Plc acquired a new position in Penn Virginia during the second quarter valued at $104,000. SG Americas Securities LLC purchased a new position in Penn Virginia in the third quarter valued at about $181,000. Strs Ohio bought a new stake in shares of Penn Virginia during the 2nd quarter worth about $183,000. Voya Investment Management LLC bought a new stake in Penn Virginia during the 2nd quarter valued at approximately $252,000. Finally, Nationwide Fund Advisors acquired a new stake in Penn Virginia during the 2nd quarter valued at $297,000. Institutional investors and hedge funds own 66.18% of the company’s stock.

In related news, insider Harry Quarls bought 5,000 shares of the company’s stock in a transaction that occurred on Monday, November 13th. The shares were acquired at an average cost of $38.72 per share, for a total transaction of $193,600.00. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website.

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About Penn Virginia

Penn Virginia Corporation, an independent oil and gas company, engages in the onshore exploration, development, and production of crude oil, natural gas liquids, and natural gas in the United States. The company primarily operates wells in the Eagle Ford Shale field in South Texas. It also has operations in the Granite Wash in Oklahoma.

Earnings History and Estimates for Penn Virginia (NASDAQ:PVAC)

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