Penn Virginia (PVAC) to Release Earnings on Wednesday

Penn Virginia (NASDAQ:PVAC) is set to release its earnings data after the market closes on Wednesday, August 7th. Analysts expect Penn Virginia to post earnings of $1.95 per share for the quarter.

Penn Virginia (NASDAQ:PVAC) last released its quarterly earnings data on Thursday, May 9th. The company reported $2.25 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.84 by $0.41. The business had revenue of $105.23 million during the quarter, compared to analysts’ expectations of $107.56 million. Penn Virginia had a return on equity of 45.92% and a net margin of 37.49%. On average, analysts expect Penn Virginia to post $9 EPS for the current fiscal year and $10 EPS for the next fiscal year.

NASDAQ:PVAC opened at $31.04 on Tuesday. The business’s 50-day simple moving average is $30.80. The firm has a market cap of $481.92 million, a PE ratio of 3.38 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 company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 1.26.

Several research firms have recently issued reports on PVAC. Zacks Investment Research cut Penn Virginia from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 16th. Capital One Financial raised Penn Virginia from an “equal weight” rating to an “overweight” rating in a research report on Thursday, May 23rd. ValuEngine cut Penn Virginia from a “sell” rating to a “strong sell” rating in a research report on Friday, April 19th. TheStreet cut Penn Virginia from a “c-” rating to a “d+” rating in a research report on Tuesday, April 16th. Finally, BidaskClub raised Penn Virginia from a “strong sell” rating to a “sell” rating in a research report on Wednesday, July 24th. Three analysts have rated the stock with a sell rating and three have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $82.50.

About Penn Virginia

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.

Further Reading: Gap Down Stocks

Earnings History for Penn Virginia (NASDAQ:PVAC)

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