Penn Virginia Co. (NASDAQ:PVAC) – Stock analysts at SunTrust Banks increased their Q4 2017 EPS estimates for Penn Virginia in a research report issued to clients and investors on Tuesday. SunTrust Banks analyst N. Dingmann now expects that the company will earn $0.71 per share for the quarter, up from their previous forecast of $0.42. SunTrust Banks currently has a “Buy” rating and a $50.00 target price on the stock. SunTrust Banks also issued estimates for Penn Virginia’s FY2019 earnings at $8.01 EPS.

PVAC has been the subject of a number of other research reports. BidaskClub raised shares of Penn Virginia from a “strong sell” rating to a “sell” rating in a research report on Wednesday, December 20th. Northland Securities set a $57.00 target price on shares of Penn Virginia and gave the company a “buy” rating in a research report on Monday, December 11th. Finally, Zacks Investment Research raised shares of Penn Virginia from a “sell” rating to a “hold” rating in a research report on Thursday, December 21st. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $51.50.

Penn Virginia (NASDAQ PVAC) opened at $44.11 on Thursday. The firm has a market cap of $664.84 and a price-to-earnings ratio of 15.87. Penn Virginia has a 12-month low of $31.00 and a 12-month high of $54.00. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.85 and a quick ratio of 0.85.

In other news, insider Harry Quarls acquired 5,000 shares of the firm’s stock in a transaction dated Thursday, November 30th. The stock was bought at an average price of $34.64 per share, with a total value of $173,200.00. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Legal & General Group Plc bought a new position in shares of Penn Virginia in the 2nd quarter valued at about $104,000. JPMorgan Chase & Co. grew its position in shares of Penn Virginia by 1.2% in the 2nd quarter. JPMorgan Chase & Co. now owns 316,142 shares of the company’s stock valued at $11,618,000 after acquiring an additional 3,811 shares during the period. SG Americas Securities LLC bought a new position in shares of Penn Virginia in the 3rd quarter valued at about $181,000. Wells Fargo & Company MN grew its position in shares of Penn Virginia by 53.0% in the 3rd quarter. Wells Fargo & Company MN now owns 16,125 shares of the company’s stock valued at $644,000 after acquiring an additional 5,588 shares during the period. Finally, Voya Investment Management LLC bought a new position in shares of Penn Virginia in the 2nd quarter valued at about $252,000. 66.18% of the stock is owned by institutional investors.

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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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