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NEW YORK (TheStreet) -- Shares of Penn Virginia (PVA) were falling 2% to $5.36 Tuesday after the oil company missed analysts' estimates for earnings and revenue in the first quarter.

Penn Virginia reported a loss of 62 cents a share for the first quarter, below analysts' estimates of a loss of 42 cents a share for the quarter. Revenue fell 60.7% year over year to $74.53 million for the quarter, below analysts' estimates of $100.27 million.

The company produced 2.2 million barrels of oil equivalent in the first quarter. Average production increased 16% from the previous quarter to 24,721 million barrels of oil equivalent a day for the quarter, up from 21,314 million barrels of oil equivalent a day.

Penn Virginia expects to produce 23,800 to 26,200 barrels of oil equivalent a day in full year 2015. The company raised its oil production guidance for 2015 to a range of 14,000 to 15,400 barrels of oil a day from its previous range of 13,800 to 15,100 barrels of oil a day.

TheStreet Recommends

TheStreet Ratings team rates PENN VIRGINIA CORP as a Sell with a ratings score of D. TheStreet Ratings Team has this to say about their recommendation:

"We rate PENN VIRGINIA CORP (PVA) a SELL. This is driven by several weaknesses, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, generally high debt management risk, disappointing return on equity, generally disappointing historical performance in the stock itself and feeble growth in its earnings per share."

You can view the full analysis from the report here: PVA Ratings Report

PVA data by YCharts

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