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PVAC

Penn Virginia

$59.46

0.26 (0.44%)

09:34
12/10/18
12/10
09:34
12/10/18
09:34

Penn Virginia downgraded to Market Perform from Outperform at Northland

PVAC Penn Virginia
$59.46

0.26 (0.44%)

11/30/18
OPCO
11/30/18
DOWNGRADE
OPCO
Perform
Denbury Resources downgraded to Perform from Outperform at Oppenheimer
Oppenheimer analyst Tim Rezvan downgraded Denbury Resources (DNR) to Perform from Outperform and removed his $9 price target. In a research note to investors, Rezvan says he lacks the confidence Denbury will get enough votes to close the acquisition of Penn Virginia (PVAC) and sees an increased risk of "strategic limbo" should the deal fall through. Uncertainty on the acquisition is likely to keep DNR shares range-bound, he says.
10/30/18
IMPC
10/30/18
NO CHANGE
Target $4
IMPC
In-Line
Denbury Resources price target lowered to $4 from $6 at Imperial Capital
Imperial Capital analyst Jason Wangler lowered his price target for Denbury Resources (DNR) to $4 following the company's acquisition of Penn Virginia (PVAC). The acquisition helps Denbury continue to reduce financial leverage while maintaining free cash flow focus and providing short-cycle production growth opportunities, Wangler tells investors in a research note. He keeps an In-Line rating on the shares.
07/06/18
LTCO
07/06/18
NO CHANGE
Target $110
LTCO
Buy
Penn Virginia price target raised to $110 from $100 at Ladenburg
Ladenburg Thalmann analyst Michael Schmitz raised his price target for Penn Virginia to $110 and reiterates a Buy rating on the shares. The analyst believes Penn Virginia is well positioned to generate "significant production growth over the next several years given its Eagle Ford inventory." Further, the company is positioned to start generating free cash flow in 2019, or possibly sooner given current high oil prices, Schmitz tells investors in a research note.
06/22/18
RHCO
06/22/18
NO CHANGE
Target $108
RHCO
Buy
Penn Virginia price target raised to $108 from $100 at SunTrust
SunTrust analyst Neal Dingmann raised his price target on Penn Virginia to $108 from $100 and kept his Buy rating, saying the company's 3-rig spread program is proceeding "swimmingly". The analyst adds that he would not be surprised to see the company drill more than the 50 wells it planned for the year, adding to its positive momentum in 2019. Dingmann further states that Penn Virginia has positioned itself well with over 10 years of Lower Eagle Ford inventory production and higher intensity completion potential.

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