Penn Virginia Co. (NASDAQ:PVAC) – Analysts at Capital One Financial issued their Q1 2018 earnings per share (EPS) estimates for Penn Virginia in a note issued to investors on Tuesday. Capital One Financial analyst R. Tullis expects that the company will earn $1.25 per share for the quarter. Capital One Financial also issued estimates for Penn Virginia’s Q3 2018 earnings at $2.34 EPS, Q4 2018 earnings at $2.46 EPS and FY2018 earnings at $7.66 EPS.

Several other equities research analysts have also recently weighed in on PVAC. Northland Securities set a $63.00 target price on shares of Penn Virginia and gave the company a “buy” rating in a research note on Wednesday. SunTrust Banks assumed coverage on shares of Penn Virginia in a research report on Wednesday, November 29th. They issued a “buy” rating and a $50.00 price target for the company. Zacks Investment Research lowered shares of Penn Virginia from a “strong-buy” rating to a “hold” rating in a research report on Thursday, September 7th. Finally, BidaskClub raised shares of Penn Virginia from a “sell” rating to a “hold” rating in a research report on Saturday, December 30th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $51.50.

Penn Virginia (PVAC) traded up $1.01 during mid-day trading on Friday, reaching $44.31. 185,600 shares of the company’s stock were exchanged, compared to its average volume of 201,100. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.85 and a quick ratio of 0.85. Penn Virginia has a one year low of $31.00 and a one year high of $54.00. The company has a market capitalization of $649.68 and a PE ratio of 15.94.

Several institutional investors have recently modified their holdings of the stock. Legal & General Group Plc bought a new position in Penn Virginia in the second quarter valued at approximately $104,000. SG Americas Securities LLC bought a new position in Penn Virginia in the third quarter valued at approximately $181,000. Voya Investment Management LLC bought a new position in Penn Virginia in the second quarter valued at approximately $252,000. Nationwide Fund Advisors bought a new position in shares of Penn Virginia during the second quarter worth $297,000. Finally, Dynamic Technology Lab Private Ltd bought a new position in shares of Penn Virginia during the third quarter worth $381,000. 66.18% of the stock is owned by institutional investors and hedge funds.

In other news, insider Harry Quarls acquired 5,000 shares of the company’s stock in a transaction dated Thursday, November 30th. The stock was bought at an average price of $34.64 per share, with a total value of $173,200.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

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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.

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