Capital One Financial Corporation Analysts Decrease Earnings Estimates for Penn Virginia Corporation (PVAC)
Penn Virginia Corporation (NASDAQ:PVAC) – Equities researchers at Capital One Financial Corporation dropped their Q3 2017 earnings per share (EPS) estimates for shares of Penn Virginia Corporation in a research report issued to clients and investors on Thursday. Capital One Financial Corporation analyst R. Tullis now forecasts that the company will post earnings of $0.58 per share for the quarter, down from their previous forecast of $0.66. Capital One Financial Corporation has a “Overweight” rating on the stock.
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A number of other brokerages also recently issued reports on PVAC. Northland Securities set a $60.00 price target on Penn Virginia Corporation and gave the company a “buy” rating in a report on Monday, July 17th. Zacks Investment Research upgraded Penn Virginia Corporation from a “hold” rating to a “strong-buy” rating and set a $44.00 price target on the stock in a report on Tuesday, August 15th. One research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $51.00.
Shares of Penn Virginia Corporation (PVAC) opened at 38.45 on Monday. The firm has a 50 day moving average price of $38.18 and a 200-day moving average price of $42.03. The company has a market cap of $576.44 million and a price-to-earnings ratio of 1.77. Penn Virginia Corporation has a 52-week low of $15.00 and a 52-week high of $61.97.
In other Penn Virginia Corporation news, insider Harry Quarls purchased 5,000 shares of Penn Virginia Corporation stock in a transaction that occurred on Thursday, August 17th. The shares were bought at an average price of $38.73 per share, for a total transaction of $193,650.00. Following the acquisition, the insider now directly owns 28,227 shares in the company, valued at $1,093,231.71. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
A number of large investors have recently made changes to their positions in PVAC. Legal & General Group Plc purchased a new position in Penn Virginia Corporation during the 2nd quarter valued at about $104,000. Strs Ohio purchased a new position in Penn Virginia Corporation during the 2nd quarter valued at about $183,000. Voya Investment Management LLC purchased a new position in Penn Virginia Corporation during the 2nd quarter valued at about $252,000. Nationwide Fund Advisors purchased a new position in Penn Virginia Corporation during the 2nd quarter valued at about $297,000. Finally, Wells Fargo & Company MN increased its holdings in Penn Virginia Corporation by 7,591.2% during the 2nd quarter. Wells Fargo & Company MN now owns 10,537 shares of the company’s stock valued at $387,000 after purchasing an additional 10,400 shares during the period. Institutional investors own 63.88% of the company’s stock.
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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