$2.14 Earnings Per Share Expected for Penn Virginia Co. (NASDAQ:PVAC) This Quarter

Wall Street analysts expect Penn Virginia Co. (NASDAQ:PVAC) to announce earnings per share (EPS) of $2.14 for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Penn Virginia’s earnings. The lowest EPS estimate is $1.84 and the highest is $2.43. Penn Virginia posted earnings of $2.46 per share during the same quarter last year, which suggests a negative year-over-year growth rate of 13%. The firm is expected to issue its next quarterly earnings results on Tuesday, August 6th.

According to Zacks, analysts expect that Penn Virginia will report full-year earnings of $9.28 per share for the current financial year, with EPS estimates ranging from $8.56 to $10.27. For the next financial year, analysts anticipate that the firm will report earnings of $10.18 per share, with EPS estimates ranging from $8.79 to $11.50. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of analysts that follow Penn Virginia.

A number of research analysts have recently commented on the company. Zacks Investment Research raised Penn Virginia from a “strong sell” rating to a “hold” rating in a report on Saturday, May 18th. BidaskClub lowered Penn Virginia from a “hold” rating to a “sell” rating in a report on Wednesday, March 27th. Imperial Capital reissued an “outperform” rating and set a $67.00 price objective (down previously from $70.00) on shares of Penn Virginia in a report on Monday, May 13th. ValuEngine lowered Penn Virginia from a “sell” rating to a “strong sell” rating in a report on Friday, April 19th. Finally, TheStreet lowered Penn Virginia from a “c-” rating to a “d+” rating in a report on Tuesday, April 16th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the company. Penn Virginia presently has a consensus rating of “Hold” and a consensus price target of $95.75.

Large investors have recently made changes to their positions in the stock. Westwood Holdings Group Inc. lifted its position in shares of Penn Virginia by 19.9% in the 1st quarter. Westwood Holdings Group Inc. now owns 791,256 shares of the company’s stock worth $34,894,000 after acquiring an additional 131,478 shares during the period. Citigroup Inc. lifted its position in shares of Penn Virginia by 2,374.6% in the 4th quarter. Citigroup Inc. now owns 131,871 shares of the company’s stock worth $7,129,000 after acquiring an additional 126,542 shares during the period. Manikay Partners LLC bought a new stake in shares of Penn Virginia in the 4th quarter worth approximately $9,606,000. Canada Pension Plan Investment Board bought a new stake in shares of Penn Virginia in the 4th quarter worth approximately $1,751,000. Finally, IndexIQ Advisors LLC lifted its position in shares of Penn Virginia by 28.5% in the 1st quarter. IndexIQ Advisors LLC now owns 75,078 shares of the company’s stock worth $3,311,000 after acquiring an additional 16,660 shares during the period. Hedge funds and other institutional investors own 89.29% of the company’s stock.

Shares of NASDAQ PVAC opened at $30.58 on Friday. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 1.26. The stock has a market cap of $476.28 million, a PE ratio of 3.16 and a beta of 1.43. Penn Virginia has a 52 week low of $27.33 and a 52 week high of $96.13.

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. 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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