Penn Virginia Corp. (PVA) Tops Q1 EPS by 18c

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Penn Virginia (PVA) Upper Eagle Ford Test Encouraging Despite Q1 Miss - Jefferies

May 13, 2014 7:00 AM EDT

Jefferies analyst Subash Chandra reiterated a Buy rating and $22 price target on Penn Virginia (NYSE: PVA) saying while Q1 EPS missed their views, the Upper Eagle Ford test was encouraging.

Chandra comments, "Adjusted EPS of ($0.12) missed our estimate of ($0.06) on production... More