Penn Virginia Corporation to Post Q3 2017 Earnings of $0.66 Per Share, Capital One Financial Corporation Forecasts (PVAC)
Penn Virginia Corporation (NASDAQ:PVAC) – Equities research analysts at Capital One Financial Corporation lowered their Q3 2017 EPS estimates for shares of Penn Virginia Corporation in a research report issued to clients and investors on Wednesday. Capital One Financial Corporation analyst R. Tullis now expects that the company will post earnings of $0.66 per share for the quarter, down from their prior estimate of $0.71. Capital One Financial Corporation has a “Overweight” rating on the stock.
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Separately, Northland Securities set a $60.00 target price on shares of Penn Virginia Corporation and gave the company a “buy” rating in a report on Monday, July 17th. One research analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. Penn Virginia Corporation presently has a consensus rating of “Buy” and a consensus price target of $53.00.
Penn Virginia Corporation (NASDAQ:PVAC) opened at 37.20 on Friday. Penn Virginia Corporation has a 12 month low of $31.00 and a 12 month high of $61.97. The stock has a market cap of $557.67 million and a P/E ratio of 1.71. The stock has a 50 day moving average of $37.20 and a 200-day moving average of $43.34.
A number of hedge funds have recently modified their holdings of PVAC. Legal & General Group Plc purchased a new stake in shares of Penn Virginia Corporation during the second quarter valued at $104,000. JPMorgan Chase & Co. boosted its stake in shares of Penn Virginia Corporation by 1.2% in the second quarter. JPMorgan Chase & Co. now owns 316,142 shares of the company’s stock valued at $11,618,000 after buying an additional 3,811 shares during the period. Strs Ohio purchased a new stake in shares of Penn Virginia Corporation during the second quarter valued at $183,000. Nationwide Fund Advisors purchased a new stake in shares of Penn Virginia Corporation during the second quarter valued at $297,000. Finally, Wells Fargo & Company MN boosted its stake in shares of Penn Virginia Corporation by 7,591.2% in the second quarter. Wells Fargo & Company MN now owns 10,537 shares of the company’s stock valued at $387,000 after buying an additional 10,400 shares during the period. 46.94% of the stock is currently owned by hedge funds and other institutional investors.
Penn Virginia Corporation 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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