UPDATE 1-Penn Virgina posts wider-than-expected Q3 loss

* Q3 adj loss $0.25/shr vs est loss $0.13/shr

* Revenue almost halves

Nov 4 (Reuters) - Oil and natural gas company Penn Virginia Corp (PVA.N: Quote, Profile, Research) posted a wider-than-expected third-quarter loss, weighed down by lower commodity prices and the sale of its non-core Gulf Coast properties.

For the quarter, the company reported net loss of $79.9 million, or $1.76 a share, compared with net income of $123.0 million, or $2.88 cents a share, a year ago.

Adjusted net loss was 25 cents a share. Total revenue almost halved to $195.1 million.

The company reported a six percent rise in quarterly oil and gas production to 134.9 million cubic feet of natural gas equivalent per day.

Analysts on average expected the company to report a loss of 13 cents per share, on revenue of $191.8 million, according to Thomson Reuters I/B/E/S.

For the full year, the company forecast production of about 136 mmcfe to 140 mmcfe per day. The company sees oil and gas capital expenditures of $216.0 million to $228.7 million for the year.

Shares of the Radnor, Pennsylvania-based company closed at $20.73 Wednesday on the New York Stock Exchange.

For the alerts, please double click [ID:nWNAB0287] (Reporting by Krishna N. Das in Bangalore; Editing by Ratul Ray Chaudhuri)