Penn Virginia Corporation (NASDAQ:PVAC) – Capital One Financial Corporation reduced their Q2 2017 earnings per share (EPS) estimates for Penn Virginia Corporation in a note issued to investors on Monday. Capital One Financial Corporation analyst R. Tullis now forecasts that the company will post earnings per share of $0.59 for the quarter, down from their prior forecast of $0.60. Capital One Financial Corporation has a “Overweight” rating on the stock. Capital One Financial Corporation also issued estimates for Penn Virginia Corporation’s FY2017 earnings at $2.99 EPS.
Separately, Northland Securities set a $60.00 price objective on shares of Penn Virginia Corporation and gave the stock a “buy” rating in a research report on Monday, July 17th. One analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $53.00.
Penn Virginia Corporation (NASDAQ PVAC) opened at 39.62 on Tuesday. Penn Virginia Corporation has a 12 month low of $15.00 and a 12 month high of $61.97. The firm has a market capitalization of $593.98 million and a P/E ratio of 2.63. The stock’s 50 day moving average price is $37.52 and its 200-day moving average price is $43.85.
An institutional investor recently bought a new position in Penn Virginia Corporation stock. Strs Ohio acquired a new stake in Penn Virginia Corporation (NASDAQ:PVAC) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 5,000 shares of the company’s stock, valued at approximately $183,000. Institutional investors and hedge funds own 46.91% of the company’s stock.
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