Penn Virginia Corp. (NYSE:PVA) had its target price boosted by Howard Weil from $12.00 to $14.00 in a report issued on Wednesday, American Banking News reports. They currently have a sector outperform rating on the stock.
Penn Virginia Corp. (NYSE:PVA) traded up 1.83% during mid-day trading on Wednesday, hitting $10.59. The stock had a trading volume of 1,672,485 shares. Penn Virginia Corp. has a one year low of $3.56 and a one year high of $10.91. The stock has a 50-day moving average of $8.26 and a 200-day moving average of $5.85. The company’s market cap is $689.0 million.
Penn Virginia Corp. (NYSE:PVA) last posted its quarterly earnings results on Thursday, October 31st. The company reported ($0.02) EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.48 by $0.50. The company had revenue of $121.60 million for the quarter, compared to the consensus estimate of $523.84 million. During the same quarter last year, the company posted ($0.17) earnings per share. Penn Virginia Corp.’s revenue was up 10.8% compared to the same quarter last year. On average, analysts predict that Penn Virginia Corp. will post $-0.40 earnings per share for the current fiscal year.
A number of other firms have also recently commented on PVA. Analysts at Jefferies Group raised their price target on shares of Penn Virginia Corp. from $10.00 to $13.00 in a research note to investors on Tuesday, November 5th. They now have a buy rating on the stock. Separately, analysts at SunTrust raised their price target on shares of Penn Virginia Corp. from $9.00 to $15.00 in a research note to investors on Friday, November 1st. Finally, analysts at Canaccord Genuity raised their price target on shares of Penn Virginia Corp. from $8.00 to $11.00 in a research note to investors on Friday, November 1st. They now have a buy rating on the stock. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have assigned a buy rating to the company. Penn Virginia Corp. currently has an average rating of Buy and an average price target of $11.63.
Penn Virginia Corporation (NYSE:PVA) is an independent oil and gas company primarily engaged in the exploration, development and production of natural gas and oil in various domestic onshore regions of the United States, including Texas, Appalachia, the Mid-Continent and Mississippi.
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