Jefferies Group Gives Hold Rating to Penn Virginia (PVA)

By admin | 6 years ago

Penn Virginia (NYSE: PVA)‘s stock had its “hold” rating reiterated by investment analysts at Jefferies Group (NYSE: JEF) in a note issued to investors on Monday.

Shares of Penn Virginia opened at 5.39 on Monday. Penn Virginia has a 52 week low of $3.92 and a 52 week high of $15.47. The company’s market cap is $247.6 million.

Penn Virginia last announced its earnings results 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 $-0.27 earnings per share next quarter.

A number of other analysts have also recently weighed in on PVA. 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. Separately, analysts at Pritchard Capital raised their price target on shares of Penn Virginia to $7.00 in a research note to investors on Friday. Finally, analysts at Capital One upgraded shares of Penn Virginia to a “neutral” rating in a research note to investors on Wednesday, April 11st.

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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