Somewhat Favorable Media Coverage Somewhat Unlikely to Affect Penn Virginia (PVAC) Share Price
News coverage about Penn Virginia (NASDAQ:PVAC) has trended somewhat positive this week, Accern Sentiment reports. The research group rates the sentiment of press coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Penn Virginia earned a media sentiment score of 0.16 on Accern’s scale. Accern also gave news headlines about the company an impact score of 45.5648498506531 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
These are some of the headlines that may have effected Accern Sentiment’s scoring:
- Q1 2018 Earnings Forecast for Penn Virginia (PVAC) Issued By SunTrust Banks (americanbankingnews.com)
- Penn Virginia (PVAC) Upgraded to “Overweight” at Capital One Financial (americanbankingnews.com)
- Penn Virginia +4% as SunTrust maintains Buy, hikes price target to $60 (seekingalpha.com)
- Penn Virginia (PVAC) Upgraded to Sell at BidaskClub (americanbankingnews.com)
- Penn Virginia (PVAC) PT Raised to $60 at SunTrust Robinson Humphrey (streetinsider.com)
PVAC has been the topic of a number of recent analyst reports. Zacks Investment Research upgraded shares of Penn Virginia from a “sell” rating to a “hold” rating in a research note on Thursday, December 21st. BidaskClub raised shares of Penn Virginia from a “strong sell” rating to a “sell” rating in a report on Wednesday, December 20th. Finally, SunTrust Banks set a $60.00 price objective on shares of Penn Virginia and gave the stock a “buy” rating in a report on Thursday, April 12th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $58.33.
Penn Virginia (NASDAQ:PVAC) last released its quarterly earnings data on Thursday, March 1st. The company reported $1.06 EPS for the quarter, topping analysts’ consensus estimates of $0.89 by $0.17. The firm had revenue of $54.33 million for the quarter, compared to the consensus estimate of $55.95 million. Penn Virginia had a net margin of 20.56% and a return on equity of 20.39%. equities research analysts expect that Penn Virginia will post 8.2 earnings per share for the current year.
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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. 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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