Penn Virginia Co. (PVAC) Expected to Earn Q1 2019 Earnings of $1.59 Per Share

Penn Virginia Co. (NASDAQ:PVAC) – Stock analysts at Imperial Capital issued their Q1 2019 earnings estimates for Penn Virginia in a research note issued on Monday, April 29th, Zacks Investment Research reports. Imperial Capital analyst I. Haas expects that the company will post earnings per share of $1.59 for the quarter. Imperial Capital currently has a “Outperform” rating and a $67.00 target price on the stock. Imperial Capital also issued estimates for Penn Virginia’s Q2 2019 earnings at $1.94 EPS, Q3 2019 earnings at $2.25 EPS, Q4 2019 earnings at $2.61 EPS, FY2019 earnings at $8.39 EPS, Q1 2020 earnings at $3.07 EPS, Q2 2020 earnings at $3.15 EPS, Q3 2020 earnings at $3.36 EPS, Q4 2020 earnings at $3.71 EPS and FY2020 earnings at $13.30 EPS.

Penn Virginia (NASDAQ:PVAC) last posted its quarterly earnings data on Wednesday, February 27th. The company reported $2.56 earnings per share for the quarter, missing analysts’ consensus estimates of $3.80 by ($1.24). Penn Virginia had a return on equity of 45.92% and a net margin of 37.49%. The company had revenue of $124.86 million for the quarter, compared to analyst estimates of $143.60 million.

A number of other analysts have also recently weighed in on the company. BidaskClub cut Penn Virginia from a “hold” rating to a “sell” rating in a research report on Wednesday. ValuEngine cut Penn Virginia from a “sell” rating to a “strong sell” rating in a report on Friday, April 19th. TheStreet cut Penn Virginia from a “c-” rating to a “d+” rating in a report on Tuesday, April 16th. Northland Securities raised Penn Virginia from a “market perform” rating to an “outperform” rating in a report on Thursday, March 21st. They noted that the move was a valuation call. Finally, Capital One Financial cut Penn Virginia from an “overweight” rating to an “equal weight” rating in a report on Wednesday, February 13th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $95.75.

Penn Virginia stock traded down $0.63 during mid-day trading on Thursday, reaching $38.22. 254,100 shares of the company were exchanged, compared to its average volume of 208,305. Penn Virginia has a twelve month low of $36.13 and a twelve month high of $96.13. The company has a current ratio of 0.60, a quick ratio of 1.21 and a debt-to-equity ratio of 1.26. The stock has a market capitalization of $577.34 million, a price-to-earnings ratio of 4.16 and a beta of 0.93.

Several institutional investors and hedge funds have recently bought and sold shares of PVAC. PNC Financial Services Group Inc. lifted its holdings in shares of Penn Virginia by 429.7% in the 4th quarter. PNC Financial Services Group Inc. now owns 678 shares of the company’s stock valued at $37,000 after buying an additional 550 shares during the period. BNP Paribas Arbitrage SA lifted its holdings in shares of Penn Virginia by 51,600.0% in the 1st quarter. BNP Paribas Arbitrage SA now owns 2,585 shares of the company’s stock valued at $114,000 after buying an additional 2,580 shares during the period. Pearl River Capital LLC acquired a new stake in shares of Penn Virginia in the 1st quarter valued at approximately $154,000. NumerixS Investment Technologies Inc acquired a new stake in shares of Penn Virginia in the 1st quarter valued at approximately $156,000. Finally, LS Investment Advisors LLC raised its holdings in Penn Virginia by 715.0% during the fourth quarter. LS Investment Advisors LLC now owns 3,260 shares of the company’s stock worth $176,000 after purchasing an additional 2,860 shares during the last quarter. 99.25% of the stock is owned by institutional investors and hedge funds.

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. It primarily operates wells in the Eagle Ford Shale field in South Texas. As of December 31, 2018, it had total proved reserves of approximately 123 million barrels of oil equivalent; and 460 gross productive wells, as well as owned approximately 98,200 gross acres of leasehold and royalty interests.

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Earnings History and Estimates for Penn Virginia (NASDAQ:PVAC)

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