Penn Virginia (NASDAQ:PVAC) announced its quarterly earnings data on Thursday. The company reported $2.72 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $2.80 by ($0.08), MarketWatch Earnings reports. The company had revenue of $127.19 million for the quarter, compared to analysts’ expectations of $121.30 million. Penn Virginia had a positive return on equity of 36.88% and a negative net margin of 3.23%.
PVAC traded up $0.85 on Friday, reaching $64.75. 341,531 shares of the company’s stock were exchanged, compared to its average volume of 336,258. The company has a market cap of $1.02 billion, a PE ratio of 12.13 and a beta of 1.74. Penn Virginia has a twelve month low of $32.49 and a twelve month high of $96.13. The company has a debt-to-equity ratio of 1.89, a quick ratio of 0.46 and a current ratio of 0.46.
Several research analysts have recently weighed in on the stock. BidaskClub lowered shares of Penn Virginia from a “buy” rating to a “hold” rating in a report on Saturday, July 28th. Zacks Investment Research upgraded shares of Penn Virginia from a “hold” rating to a “buy” rating and set a $88.00 price objective on the stock in a report on Saturday, August 11th. Finally, ValuEngine lowered shares of Penn Virginia from a “hold” rating to a “sell” rating in a report on Thursday, November 1st. Two analysts have rated the stock with a sell rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. Penn Virginia has an average rating of “Buy” and a consensus target price of $94.75.
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. It primarily operates wells in the Eagle Ford Shale field in South Texas. The company also has operations in the Granite Wash in Oklahoma.
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