Brean Murray Initiates Coverage on Penn Virginia (PVA)

By admin | 6 years ago

Investment analysts at Brean Murray began coverage on shares of Penn Virginia (NYSE: PVA) in a note issued to investors on Monday. The firm set a “buy” rating and a $10.00 price target on the stock.

Shares of Penn Virginia traded down 3.89% during mid-day trading on Monday, hitting $5.43. Penn Virginia has a one year low of $3.92 and a one year high of $15.47. The company’s market cap is $247.6 million.

Penn Virginia last issued its quarterly earnings data on Wednesday, May 2nd. The company reported ($0.26) earnings per share for the quarter, meeting the analysts’ consensus estimate of ($0.26). On average, analysts predict that Penn Virginia will post $-0.25 earnings per share next quarter.

Several other analysts have also recently commented on the stock. Analysts at Jefferies Group (NYSE: JEF) reiterated a “hold” rating on shares of Penn Virginia in a research note to investors on Monday, May 7th. Separately, analysts at Canaccord Genuity raised their price target on shares of Penn Virginia from $9.00 to $11.00 in a research note to investors on Monday, May 7th. Finally, analysts at Pritchard Capital raised their price target on shares of Penn Virginia to $7.00 in a research note to investors on Friday, May 4th.

Penn Virginia Corporation is an independent oil and gas company primarily engaged in the development, exploration and production of natural gas and oil in various domestic onshore regions including East Texas, the Mid-Continent, Appalachia, Mississippi and the Gulf Coast.

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