Penn Virginia (PVAC) Issues Earnings Results
Penn Virginia (NASDAQ:PVAC) released its quarterly earnings results on Tuesday. The company reported $2.46 EPS for the quarter, beating the Zacks’ consensus estimate of $2.44 by $0.02, Bloomberg Earnings reports. The firm had revenue of $111.58 million for the quarter, compared to analyst estimates of $105.90 million. Penn Virginia had a net margin of 7.35% and a return on equity of 24.78%.
Shares of Penn Virginia traded down $0.59, reaching $80.44, during trading hours on Wednesday, MarketBeat Ratings reports. 5,573 shares of the company were exchanged, compared to its average volume of 220,667. Penn Virginia has a fifty-two week low of $32.49 and a fifty-two week high of $96.13. The firm has a market capitalization of $1.28 billion, a price-to-earnings ratio of 27.71 and a beta of 1.32. The company has a current ratio of 0.52, a quick ratio of 0.52 and a debt-to-equity ratio of 1.67.
In other news, VP Tammy Hinkle sold 778 shares of the company’s stock in a transaction that occurred on Friday, May 11th. The shares were sold at an average price of $61.46, for a total transaction of $47,815.88. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Diversified Asset Manageme Kls sold 174,411 shares of the company’s stock in a transaction that occurred on Wednesday, May 23rd. The stock was sold at an average price of $66.45, for a total transaction of $11,589,610.95. The disclosure for this sale can be found here. Insiders have sold 458,915 shares of company stock worth $29,137,647 over the last quarter. 0.41% of the stock is owned by company insiders.
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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