Investors hope Penn Virginia
What analysts say:
- Buy, sell, or hold?: The majority of analysts back Penn Virginia as a buy. But with 60% of analysts rating it a buy, Penn Virginia is still below the mean analyst rating of its nearest 10 competitors, which average 64.5% buys. Analysts don't like Penn Virginia as much as competitor RAM Energy Resources overall. Two out of three analysts rate RAM Energy Resources a buy compared to six of 10 for Penn Virginia. While analysts still rate the stock a moderate buy, they are a little more optimistic about it compared to three months ago.
- Revenue forecasts: On average, analysts predict $83.8 million in revenue this quarter. That would represent a rise of 76.5% from the year-ago quarter.
- Wall Street earnings expectations: The average analyst estimate is a loss of $0.21 per share. Estimates range from a loss of $0.30 to a loss of $0.11.
What our community says:
CAPS All-Stars are solidly behind the stock with 98.6% assigning it an "outperform" rating. The community at large agrees with the All-Stars with 91% awarding it a rating of "outperform." Fools are gung-ho about Penn Virginia, though the message boards have been quiet lately with only 47 posts in the past 30 days. Even with a robust four out of five stars, Penn Virginia's CAPS rating falls a little short of the community's upbeat outlook.
The company's gross margin shrank by 9.2 percentage points in the last quarter. Revenue rose 38.5% while cost of sales rose 69.4% to $37.3 million from a year earlier.
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