Penn Virginia price target raised to $18 from $12 at RBC Capital RBC Capital increased its price target on Penn Virginia after the company reported weaker than expected Q4 results. However, the firm expects the company to benefit from more accretive acquisitions, tighter wells spacing, continued strong well performance, and catalyst wells targeting the Upper Eagleford. The firm states that the company's well performance in the Eagleford Shale has continued to improve, and it keeps an Outperform rating on the shares.
News For PVA From The Last 14 Days
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