Penn Virginia Co. to Post FY2017 Earnings of $2.81 Per Share, Capital One Financial Forecasts (PVAC)

Penn Virginia Co. (NASDAQ:PVAC) – Equities researchers at Capital One Financial raised their FY2017 EPS estimates for Penn Virginia in a research note issued to investors on Tuesday. Capital One Financial analyst R. Tullis now expects that the company will earn $2.81 per share for the year, up from their previous estimate of $2.65. Capital One Financial also issued estimates for Penn Virginia’s Q4 2017 earnings at $0.96 EPS and Q2 2018 earnings at $1.61 EPS.

Other equities analysts have also issued research reports about the stock. Northland Securities set a $63.00 target price on shares of Penn Virginia and gave the stock a “buy” rating in a research report on Wednesday. SunTrust Banks initiated coverage on shares of Penn Virginia in a research report on Wednesday, November 29th. They set a “buy” rating and a $50.00 target price on the stock. Zacks Investment Research lowered shares of Penn Virginia from a “strong-buy” rating to a “hold” rating in a research report on Thursday, September 7th. Finally, BidaskClub raised shares of Penn Virginia from a “sell” rating to a “hold” rating in a research report on Saturday, December 30th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company. Penn Virginia has a consensus rating of “Hold” and an average price target of $51.50.

Penn Virginia (PVAC) opened at $44.31 on Thursday. Penn Virginia has a 52-week low of $31.00 and a 52-week high of $54.00. The stock has a market cap of $649.68 and a price-to-earnings ratio of 15.58. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.85 and a current ratio of 0.85.

Institutional investors and hedge funds have recently bought and sold shares of the business. Schwab Charles Investment Management Inc. boosted its stake in Penn Virginia by 212.5% during the second quarter. Schwab Charles Investment Management Inc. now owns 35,166 shares of the company’s stock worth $1,293,000 after buying an additional 23,914 shares in the last quarter. TIAA CREF Investment Management LLC acquired a new stake in Penn Virginia during the second quarter worth $1,403,000. Teachers Advisors LLC acquired a new stake in Penn Virginia during the second quarter worth $929,000. Dimensional Fund Advisors LP boosted its stake in Penn Virginia by 183.8% during the second quarter. Dimensional Fund Advisors LP now owns 25,548 shares of the company’s stock worth $939,000 after buying an additional 16,547 shares in the last quarter. Finally, Voya Investment Management LLC acquired a new stake in Penn Virginia during the second quarter worth $252,000. Hedge funds and other institutional investors own 66.18% of the company’s stock.

In related news, insider Harry Quarls bought 5,000 shares of the company’s stock in a transaction that occurred on Thursday, November 30th. The shares were acquired at an average price of $34.64 per share, with a total value of $173,200.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

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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. 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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