Wall Street analysts expect Penn Virginia Co. (NASDAQ:PVAC) to report $125.03 million in sales for the current quarter, according to Zacks. Two analysts have made estimates for Penn Virginia’s earnings, with the lowest sales estimate coming in at $124.17 million and the highest estimate coming in at $125.90 million. Penn Virginia posted sales of $127.19 million in the same quarter last year, which would indicate a negative year over year growth rate of 1.7%. The business is expected to announce its next earnings report on Thursday, November 14th.

According to Zacks, analysts expect that Penn Virginia will report full year sales of $481.98 million for the current fiscal year, with estimates ranging from $480.50 million to $483.45 million. For the next year, analysts anticipate that the firm will report sales of $524.21 million, with estimates ranging from $503.40 million to $545.03 million. Zacks’ sales averages are a mean average based on a survey of research firms that that provide coverage for Penn Virginia.

Penn Virginia (NASDAQ:PVAC) last posted its quarterly earnings results on Wednesday, August 7th. The company reported $1.96 EPS for the quarter, topping the Zacks’ consensus estimate of $1.95 by $0.01. The business had revenue of $122.77 million during the quarter, compared to the consensus estimate of $122.43 million. Penn Virginia had a return on equity of 37.14% and a net margin of 47.90%.

A number of equities analysts recently commented on PVAC shares. Zacks Investment Research downgraded Penn Virginia from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 16th. Imperial Capital restated an “outperform” rating and issued a $67.00 target price (down from $70.00) on shares of Penn Virginia in a research note on Monday, May 13th. ValuEngine downgraded Penn Virginia from a “sell” rating to a “strong sell” rating in a research note on Friday, April 19th. BidaskClub upgraded Penn Virginia from a “strong sell” rating to a “sell” rating in a research note on Wednesday, July 24th. Finally, Northland Securities restated a “buy” rating and issued a $60.00 target price on shares of Penn Virginia in a research note on Thursday, August 8th. Three investment analysts have rated the stock with a sell rating and three have issued a buy rating to the company. Penn Virginia has a consensus rating of “Hold” and a consensus price target of $75.00.

A number of hedge funds have recently modified their holdings of PVAC. Caymus Capital Partners L.P. bought a new stake in shares of Penn Virginia during the second quarter valued at approximately $9,577,000. Prescott Group Capital Management L.L.C. raised its holdings in Penn Virginia by 679.5% during the first quarter. Prescott Group Capital Management L.L.C. now owns 234,061 shares of the company’s stock worth $10,322,000 after purchasing an additional 204,034 shares in the last quarter. Morgan Stanley raised its holdings in Penn Virginia by 1,029.3% during the second quarter. Morgan Stanley now owns 213,638 shares of the company’s stock worth $6,555,000 after purchasing an additional 194,721 shares in the last quarter. Assenagon Asset Management S.A. bought a new stake in Penn Virginia during the first quarter worth approximately $5,980,000. Finally, Westwood Holdings Group Inc. raised its holdings in Penn Virginia by 19.9% during the first quarter. Westwood Holdings Group Inc. now owns 791,256 shares of the company’s stock worth $34,894,000 after purchasing an additional 131,478 shares in the last quarter. Institutional investors own 99.23% of the company’s stock.

NASDAQ:PVAC traded down $0.66 during mid-day trading on Thursday, reaching $28.67. The stock had a trading volume of 273,288 shares, compared to its average volume of 233,661. The company has a market capitalization of $475.58 million, a price-to-earnings ratio of 3.12 and a beta of 1.33. Penn Virginia has a 1-year low of $27.33 and a 1-year high of $89.62. The stock’s 50 day simple moving average is $30.96 and its two-hundred day simple moving average is $40.44. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.64 and a quick ratio of 0.60.

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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