Penn Virginia Corp (PVA)

cursed1 (26.06) Submitted: 6/4/2008 11:05:03 AM : Start Price: $64.77 PVA Score: -54.85

Analyst Irene Haas of Canaccord Adams maintains her "buy" rating on Penn Virginia Corporation (PVA), while revising her estimates for the company. The target price has been raised to $80.

In a research note published yesterday, the analyst mentions that the WTI crude oil price per barrel estimates for 2008 and 2009 have been raised from $87 to $115 and from $85 to $115, respectively. The NYMEX Henry Hub natural gas price estimates for 2008 and 2009 have been raised from $8.50 to $10 and from $8.50 to $11, respectively. The cash flows per share estimate for 2009 has been revised to $9.43.