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Last $4.65 USD
Change Today -0.14 / -2.92%
Volume 4.0M
As of 6:40 PM 05/29/15 All times are local (Market data is delayed by at least 15 minutes).

penn virginia corp (PVA) Snapshot

Open
$4.74
Previous Close
$4.79
Day High
$4.80
Day Low
$4.60
52 Week High
06/30/14 - $17.27
52 Week Low
12/9/14 - $4.32
Market Cap
333.2M
Average Volume 10 Days
3.1M
EPS TTM
$-2.08
Shares Outstanding
71.7M
EX-Date
08/1/12
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for PENN VIRGINIA CORP (PVA)

penn virginia corp (PVA) Related Businessweek News

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penn virginia corp (PVA) Details

Penn Virginia Corporation, an independent oil and gas company, explores, develops, and produces crude oil, natural gas liquids, and natural gas in various onshore regions of the United States. The company’s operations include the drilling of unconventional horizontal development wells in the Eagle Ford Shale in South Texas. It also has operations in the Granite Wash in Oklahoma, and the Haynesville Shale and Cotton Valley in East Texas. As of December 31, 2014, the company had proved oil and gas reserves of approximately 115 million barrels of oil equivalent; had 738 gross productive wells; and owned approximately 224,000 gross acres of leasehold and royalty interests. Penn Virginia Corporation was founded in 1882 and is headquartered in Radnor, Pennsylvania.

164 Employees
Last Reported Date: 02/25/15
Founded in 1882

penn virginia corp (PVA) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $985.0K
Chief Financial Officer and Senior Vice Presi...
Total Annual Compensation: $540.0K
Chief Operations Officer and Executive Vice P...
Total Annual Compensation: $540.0K
Chief Administrative Officer, Executive Vice ...
Total Annual Compensation: $495.0K
Compensation as of Fiscal Year 2014.

penn virginia corp (PVA) Key Developments

Penn Virginia Corporation Shareholders Approves Amendments to Articles of Incorporation

Penn Virginia Corporation announced that on February 17, 2015, the Board approved an amendment to the Company's Restated Articles of Incorporation to increase the number of authorized shares of the Company's common stock from 128 million to 228 million, subject to shareholder approval at the Company's 2015 Annual Meeting to be held on May 7, 2015. On May 7, 2015, the Annual Meeting was adjourned until May 13, 2015. On May 13, 2015, the shareholders of the Company approved the Amendment.

Penn Virginia Corporation Reports Unaudited Consolidated Earnings and Operating Results for the First Quarter Ended March 31, 2015; Provides Production and Earnings Guidance for the Second Quarter of 2015; Provides Production and Earnings Guidance for the Year 2015

Penn Virginia Corporation reported unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported total revenues of $74,527,000 against $189,865,000 a year ago. Operating loss was $57,876,000 against operating income of $71,684,000 a year ago. Loss before income taxes was $57,024,000 against profit before income taxes of $33,489,000 a year ago. Net loss was $57,165,000 against net income of $19,225,000 a year ago. Net loss attributable to common shareholders was $63,232,000 against net income attributable to common shareholders of $17,503,000 a year ago. Net loss per share diluted was $0.88 against net income per share of $0.22 per share a year ago. Net cash provided by operating activities was $45,552,000 against $66,560,000 a year ago. Capital expenditures - property and equipment was $168,994,000 against $159,804,000 a year ago. Net loss applicable to common shareholders, as adjusted was $44,856,000 or $0.62 per share diluted against $7,876,000 or $0.12 per share a year ago. EBITDAX was $62,656,000 against $137,671,000 a year ago. Adjusted EBITDAX was $77,584,000 against $93,804,000 a year ago. For the quarter, the company reported total crude oil NGL and natural gas production was 2,225 MBOE against 1,902 MBOE a year ago. For the year 2015, the company’s production is expected to be 23,800 to 26,200 BOEPD, unchanged from previous guidance. 2015 crude oil production guidance is 14,000 to 15,400 barrels of oil per day (BOPD), compared to previous guidance of 13,800 to 15,100 BOPD. For the second quarter of 2015, Production in the second quarter of 2015 is expected to range between 24,000 and 26,000 BOEPD. For the year 2015, the company expects adjusted EBITDAX, a non-GAAP measure, is expected to be $300 to $340 million, unchanged from previous guidance. Net cash provided by operating activities, including expected working capital changes, is expected to be $165 to $185 million. Capital expenditures are expected to be $325 to $370 million, compared to previous guidance of $295 to $345 million. The primary driver for this increase is a $25 million carryover from the 2014 capital program, specifically, when the company is running 8-drill rigs and 3 completion spreads in the fourth quarter. For the second quarter, the company expects adjusted EBITDAX in the range of $75 million to $85 million. Capital expenditure expected to be in the range of $96 million to $107 million.

Penn Virginia Corporation to Amends Articles of Incorporation

Penn Virginia Corporation at its annual meeting to be held on May 13, 2015, is to amend its Articles of Incorporation to increase the number of authorized shares of common stock.

 

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PVA

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Valuation PVA Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 0.7x
Price/Book 0.6x
Price/Cash Flow 0.5x
TEV/Sales NM Not Meaningful
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