Wall Street analysts predict that Penn Virginia Co. (NASDAQ:PVAC) will post $119.05 million in sales for the current fiscal quarter, according to Zacks. Two analysts have made estimates for Penn Virginia’s earnings. The highest sales estimate is $127.10 million and the lowest is $111.00 million. Penn Virginia posted sales of $34.46 million in the same quarter last year, which would indicate a positive year over year growth rate of 245.5%. The firm is scheduled to announce its next earnings report on Wednesday, November 14th.

According to Zacks, analysts expect that Penn Virginia will report full year sales of $450.80 million for the current year, with estimates ranging from $439.00 million to $462.60 million. For the next year, analysts forecast that the company will post sales of $626.45 million, with estimates ranging from $595.90 million to $657.00 million. Zacks’ sales averages are a mean average based on a survey of analysts that that provide coverage for Penn Virginia.

Penn Virginia (NASDAQ:PVAC) last announced its quarterly earnings results on Wednesday, August 8th. The company reported $2.46 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.44 by $0.02. The company had revenue of $111.58 million for the quarter, compared to analyst estimates of $105.90 million. Penn Virginia had a negative net margin of 3.23% and a positive return on equity of 36.88%.

A number of equities analysts have recently issued reports on PVAC shares. SunTrust Banks raised their target price on shares of Penn Virginia from $100.00 to $108.00 and gave the stock a “buy” rating in a research report on Friday, June 22nd. Zacks Investment Research upgraded shares of Penn Virginia from a “hold” rating to a “buy” rating and set a $94.00 target price on the stock in a research report on Wednesday, June 27th. LADENBURG THALM/SH SH raised their target price on shares of Penn Virginia from $100.00 to $110.00 and gave the stock a “buy” rating in a research report on Friday, July 6th. Finally, BidaskClub lowered shares of Penn Virginia from a “strong-buy” rating to a “buy” rating in a research report on Friday, July 13th. One investment analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. Penn Virginia has a consensus rating of “Buy” and an average price target of $94.75.

Several institutional investors and hedge funds have recently made changes to their positions in PVAC. UBS Group AG grew its position in Penn Virginia by 77.6% in the 1st quarter. UBS Group AG now owns 2,854 shares of the company’s stock valued at $100,000 after buying an additional 1,247 shares during the last quarter. Nuveen Asset Management LLC purchased a new position in Penn Virginia in the 1st quarter valued at $144,000. Tower Research Capital LLC TRC grew its position in Penn Virginia by 869.0% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,938 shares of the company’s stock valued at $165,000 after buying an additional 1,738 shares during the last quarter. California Public Employees Retirement System purchased a new position in Penn Virginia in the 2nd quarter valued at $204,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new position in Penn Virginia in the 2nd quarter valued at $243,000. Institutional investors and hedge funds own 97.91% of the company’s stock.

Shares of PVAC traded up $1.19 during mid-day trading on Friday, reaching $75.54. 147,400 shares of the company’s stock were exchanged, compared to its average volume of 221,231. The company has a current ratio of 0.46, a quick ratio of 0.46 and a debt-to-equity ratio of 1.89. The firm has a market cap of $1.21 billion, a PE ratio of 26.23 and a beta of 1.43. Penn Virginia has a 52-week low of $32.49 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. The company also has operations in the Granite Wash in Oklahoma.

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

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