Equities analysts predict that Penn Virginia Co. (NASDAQ:PVAC) will announce $55.95 million in sales for the current fiscal quarter, according to Zacks. Two analysts have made estimates for Penn Virginia’s earnings, with estimates ranging from $54.00 million to $57.90 million. Penn Virginia posted sales of $32.65 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 71.4%. The firm is expected to report its next quarterly earnings report on Wednesday, March 21st.
On average, analysts expect that Penn Virginia will report full year sales of $55.95 million for the current financial year, with estimates ranging from $160.00 million to $164.00 million. For the next year, analysts expect that the business will report sales of $381.65 million per share, with estimates ranging from $378.30 million to $385.00 million. Zacks’ sales calculations are an average based on a survey of analysts that follow Penn Virginia.
Penn Virginia (NASDAQ:PVAC) last issued its quarterly earnings data on Wednesday, November 8th. The company reported $0.57 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.53 by $0.04. Penn Virginia had a net margin of 30.22% and a return on equity of 16.76%.
Several analysts have commented on PVAC shares. Northland Securities restated a “buy” rating and issued a $63.00 price objective on shares of Penn Virginia in a report on Thursday, October 12th. Zacks Investment Research lowered shares of Penn Virginia from a “hold” rating to a “sell” rating in a report on Wednesday, November 22nd. SunTrust Banks started coverage on shares of Penn Virginia in a report on Wednesday, November 29th. They issued a “buy” rating and a $50.00 price objective for the company. Finally, BidaskClub upgraded shares of Penn Virginia from a “strong sell” rating to a “sell” rating in a report on Wednesday, December 20th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $54.75.
In related news, insider Harry Quarls acquired 5,000 shares of the stock in a transaction on Thursday, November 30th. The stock was acquired at an average cost of $34.64 per share, for a total transaction of $173,200.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
Several hedge funds have recently added to or reduced their stakes in the company. Legal & General Group Plc purchased a new position in shares of Penn Virginia during the second quarter valued at approximately $104,000. SG Americas Securities LLC purchased a new position in shares of Penn Virginia during the third quarter valued at approximately $181,000. Wells Fargo & Company MN lifted its holdings in shares of Penn Virginia by 53.0% during the third quarter. Wells Fargo & Company MN now owns 16,125 shares of the company’s stock valued at $644,000 after purchasing an additional 5,588 shares during the last quarter. Voya Investment Management LLC purchased a new position in shares of Penn Virginia during the second quarter valued at approximately $252,000. Finally, Nationwide Fund Advisors purchased a new position in shares of Penn Virginia during the second quarter valued at approximately $297,000. Hedge funds and other institutional investors own 66.26% of the company’s stock.
Shares of Penn Virginia (NASDAQ:PVAC) traded up $0.70 on Monday, reaching $42.94. 98,715 shares of the company’s stock traded hands, compared to its average volume of 99,382. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 1.06. Penn Virginia has a twelve month low of $31.00 and a twelve month high of $50.20. The stock has a market capitalization of $650.43 and a price-to-earnings ratio of 15.45.
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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. 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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