Finding good stocks to buy now in the stock market today and screening hundred of companies to come up with the best stock to buy now is a process not to be taken lightly. Upside, downside and profitably factors into getting the best bang for your buck. We had one company on our scanners and it popped Monday. The 130 year old Penn Virginia Corporation (NYSE: PVA), member of the S&P SmallCap 600 Index, is the best $5 stock to buy now.
PVA was upgraded by analysts at Stifel Nicolaus from a “hold” rating to a “buy” rating. They now have a $7.00 price target on PVA. Onshore regions including Mississippi, Texas, the Mid-Continent and Appalachia is where the oil and natural gas company is engaged in development, exploration and production.
PVA is expected to report earnings next week, February 22nd with analysts looking for:
| Earnings Est. | Q4 2011 | Q1 2012 | Fiscal 2011 | Fiscal 2012 |
|---|---|---|---|---|
| Avg. Estimate | -0.33 | -0.27 | -1.24 | -0.94 |
| No. of Analysts | 13.00 | 8.00 | 12.00 | 13.00 |
| Low Estimate | -0.40 | -0.38 | -1.30 | -1.58 |
| High Estimate | -0.16 | -0.19 | -1.12 | -0.36 |
| Year Ago EPS | -0.24 | -0.51 | -0.72 | -1.24 |
While PVA earnings for the upcoming year still have no indication of the company turning a profit, Penn Virgina Corp has some incredibly tremendous upside to it. If the company could touch its 52-week high, there’s 250% upside built in to the stock.
Having steadily dropped since a year ago, PVA has bottomed out 4 times since October last year at $4.31, $4.39, $4.21, and most recently at $4.27. Therefore, the resistance level for PVA has been well established and tested and should provide an opportunity to build itself a higher resistance level as it trends upwards.
PVA closed Monday at $5.06, up 5.42%. PVA is trading -71.79% below its 52-week high, $17.94, 20.19% above its 52-week low, $4.21.
One Year Chart:
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