SunTrust Robinson Sticks to Its Buy Rating for Penn Virginia Corporation

By Carrie Williams

In a report released yesterday, Neal Dingmann from SunTrust Robinson reiterated a Buy rating on Penn Virginia Corporation (NASDAQ: PVAC), with a price target of $60. The company’s shares closed yesterday at $38.56.

According to TipRanks.com, Dingmann is ranked 0 out of 5 stars with an average return of -3.2% and a 45.7% success rate. Dingmann covers the Basic Materials sector, focusing on stocks such as Sanchez Energy Corporation, Goodrich Petroleum Corp, and Whiting Petroleum Corp.

Penn Virginia Corporation has an analyst consensus of Moderate Buy, with a price target consensus of $60.

Based on Penn Virginia Corporation’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $56.14 million and GAAP net loss of $10.8 million. In comparison, last year the company earned revenue of $37.31 million and had a net profit of $28.41 million.

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Penn Virginia Corp. engages in the exploration, development, and production of oil, natural gas liquids, and natural gas in various domestic onshore regions of the United States. It focuses primarily on the Eagle Ford Shale project located in South Texas. The company was founded in 1882 and is headquartered in Houston, TX.