Penn Virginia Co. (PVAC) to Post Q1 2018 Earnings of $1.25 Per Share, Capital One Financial Forecasts
Penn Virginia Co. (NASDAQ:PVAC) – Analysts at Capital One Financial issued their Q1 2018 earnings per share estimates for Penn Virginia in a report released 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.
A number of other analysts also recently issued reports on the company. Northland Securities set a $63.00 target price on Penn Virginia and gave the company a “buy” rating in a research report on Wednesday. Zacks Investment Research downgraded Penn Virginia from a “hold” rating to a “strong sell” rating in a research report on Thursday. BidaskClub raised Penn Virginia from a “sell” rating to a “hold” rating in a research report on Saturday, December 30th. Finally, SunTrust Banks began coverage on Penn Virginia in a research report on Wednesday, November 29th. They set a “buy” rating and a $50.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company. Penn Virginia currently has an average rating of “Hold” and a consensus price target of $51.50.
Shares of Penn Virginia (NASDAQ PVAC) opened at $44.11 on Friday. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 1.06. The stock has a market capitalization of $664.84 and a PE ratio of 15.87. Penn Virginia has a 12-month low of $31.00 and a 12-month high of $54.00.
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Legal & General Group Plc acquired a new position in Penn Virginia during the second quarter worth approximately $104,000. JPMorgan Chase & Co. increased its position in Penn Virginia by 1.2% during the second quarter. JPMorgan Chase & Co. now owns 316,142 shares of the company’s stock worth $11,618,000 after buying an additional 3,811 shares during the last quarter. SG Americas Securities LLC acquired a new position in Penn Virginia during the third quarter worth approximately $181,000. Wells Fargo & Company MN increased its position in Penn Virginia by 53.0% during the third quarter. Wells Fargo & Company MN now owns 16,125 shares of the company’s stock worth $644,000 after buying an additional 5,588 shares during the last quarter. Finally, Voya Investment Management LLC acquired a new position in Penn Virginia during the second quarter worth approximately $252,000. 66.18% of the stock is currently owned by hedge funds and other institutional investors.
In other Penn Virginia news, insider Harry Quarls purchased 5,000 shares of the stock in a transaction on Monday, November 13th. The shares were purchased at an average price of $38.72 per share, with a total value of $193,600.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Penn Virginia Company Profile
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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