Equities research analysts forecast that Penn Virginia Co. (NASDAQ:PVAC) will announce $125.03 million in sales for the current quarter, according to Zacks Investment Research. Two analysts have issued 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 during the same quarter last year, which indicates a negative year over year growth rate of 1.7%. The firm is expected to issue its next earnings results on Thursday, November 14th.
On average, 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 fiscal year, analysts forecast that the firm will post sales of $524.21 million, with estimates ranging from $503.40 million to $545.03 million. Zacks’ sales calculations are a mean average based on a survey of research analysts that follow Penn Virginia.
Penn Virginia (NASDAQ:PVAC) last announced its earnings results on Wednesday, August 7th. The company reported $1.96 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.95 by $0.01. Penn Virginia had a net margin of 47.90% and a return on equity of 37.14%. The company had revenue of $122.77 million during the quarter, compared to the consensus estimate of $122.43 million.
Shares of NASDAQ PVAC traded down $0.23 during trading on Thursday, reaching $31.25. The company had a trading volume of 337,563 shares, compared to its average volume of 232,838. Penn Virginia has a 52 week low of $27.33 and a 52 week high of $89.62. The stock has a market cap of $476.18 million, a PE ratio of 3.40 and a beta of 1.33. The company has a current ratio of 0.64, a quick ratio of 0.60 and a debt-to-equity ratio of 1.15. The business’s 50 day moving average is $30.99.
Large investors have recently modified their holdings of the business. Tyers Asset Management LLC bought a new stake in Penn Virginia in the second quarter valued at approximately $31,000. Riverhead Capital Management LLC acquired a new position in shares of Penn Virginia in the second quarter valued at approximately $34,000. Elkfork Partners LLC acquired a new position in shares of Penn Virginia in the second quarter valued at approximately $43,000. Meadow Creek Investment Management LLC acquired a new position in shares of Penn Virginia in the second quarter valued at approximately $54,000. Finally, Glen Harbor Capital Management LLC acquired a new position in shares of Penn Virginia in the second quarter valued at approximately $66,000. 99.23% of the stock is owned by hedge funds and other institutional investors.
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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