Penn Virginia (PVAC) Announces Quarterly Earnings Results
Penn Virginia (NASDAQ:PVAC) issued its quarterly earnings data on Thursday. The company reported $2.72 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $2.80 by ($0.08), MarketWatch Earnings reports. Penn Virginia had a negative net margin of 3.23% and a positive return on equity of 36.88%. The firm had revenue of $127.19 million during the quarter, compared to analyst estimates of $121.30 million.
Shares of PVAC stock traded up $0.85 during mid-day trading on Friday, reaching $64.75. 341,531 shares of the company were exchanged, compared to its average volume of 336,258. Penn Virginia has a fifty-two week low of $32.49 and a fifty-two week high of $96.13. The company has a current ratio of 0.46, a quick ratio of 0.46 and a debt-to-equity ratio of 1.89. The company has a market capitalization of $1.02 billion, a P/E ratio of 12.13 and a beta of 1.74.
Several analysts have issued reports on the stock. BidaskClub raised shares of Penn Virginia from a “hold” rating to a “buy” rating in a research report on Friday, August 3rd. Zacks Investment Research downgraded shares of Penn Virginia from a “buy” rating to a “hold” rating in a research report on Tuesday, August 14th. Finally, ValuEngine downgraded shares of Penn Virginia from a “hold” rating to a “sell” rating in a research report on Thursday, November 1st. Two research analysts have rated the stock with a sell rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $94.75.
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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