Research analysts at Wells Fargo assumed coverage on shares of Penn Virginia (NYSE: PVA) in a report released on Monday. The firm set an “outperform” rating on the stock.
Penn Virginia opened at 4.07 on Monday. Penn Virginia has a 52-week low of $3.92 and a 52-week high of $7.74. The stock’s 50-day moving average is currently $4.45. The company’s market cap is $218.2 million.
Penn Virginia last posted its quarterly earnings results on Wednesday, February 20th. The company reported ($0.22) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.15) by $0.07. The company had revenue of $78.20 million for the quarter, compared to the consensus estimate of $79.07 million. During the same quarter in the previous year, the company posted ($0.14) earnings per share. The company’s revenue for the quarter was down 2.8% on a year-over-year basis. Analysts expect that Penn Virginia will post $-0.53 EPS for the current fiscal year.
A number of other firms have also recently commented on PVA. Analysts at Credit Suisse cut their price target on shares of Penn Virginia from $6.00 to $5.00 in a research note to investors on Tuesday, February 26th. They now have a “neutral” rating on the stock. Separately, analysts at Canaccord Genuity cut their price target on shares of Penn Virginia from $8.00 to $6.50 in a research note to investors on Friday, February 22nd. Finally, analysts at Howard Weil upgraded shares of Penn Virginia from a “sector perform” rating to a “sector outperform” rating in a research note to investors on Wednesday, February 6th.
Eight equities research analysts have rated the stock with a buy rating, three have assigned an overweight rating, two have issued a hold rating, and one has assigned a sell rating to the stock. The stock presently has an average rating of “overweight” and a consensus target price of $6.61.
Penn Virginia Corporation is an independent oil and gas company primarily engaged in the development, exploration and production of natural gas and oil in various domestic onshore regions including East Texas, the Mid-Continent, Appalachia, Mississippi and the Gulf Coast.
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