Last $5.08 USD
Change Today -0.29 / -5.40%
Volume 1.9M
PVA On Other Exchanges
Symbol
Exchange
Frankfurt
As of 11:47 AM 01/28/15 All times are local (Market data is delayed by at least 15 minutes).

penn virginia corp (PVA) Snapshot

Open
$5.30
Previous Close
$5.37
Day High
$5.31
Day Low
$5.08
52 Week High
05/7/14 - $18.20
52 Week Low
12/9/14 - $4.32
Market Cap
364.2M
Average Volume 10 Days
3.0M
EPS TTM
$-0.42
Shares Outstanding
71.6M
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

No Related Businessweek News Found

penn virginia corp (PVA) Details

Penn Virginia Corporation, an independent oil and gas company, is engaged in the exploration, development, and production of crude oil, natural gas liquids, and natural gas in various onshore regions of the United States. Its operations include the drilling of unconventional horizontal development wells in shale formations primarily in the Eagle Ford Shale in South Texas. The company also has operations in the Granite Wash in the Mid-Continent, the Haynesville Shale and Cotton Valley in East Texas, the Selma Chalk in Mississippi, and the Marcellus Shale in Pennsylvania. As of December 31, 2013, it had 1,213 productive wells; owned approximately 280,400 acres of leasehold and royalty interests; and had proved reserves of approximately 136 million barrels of oil equivalent. The company was founded in 1882 and is headquartered in Radnor, Pennsylvania.

144 Employees
Last Reported Date: 02/24/14
Founded in 1882

penn virginia corp (PVA) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $1.1M
Chief Financial Officer and Senior Vice Presi...
Total Annual Compensation: $595.0K
Chief Operations Officer and Executive Vice P...
Total Annual Compensation: $640.0K
Chief Administrative Officer, Executive Vice ...
Total Annual Compensation: $585.0K
Compensation as of Fiscal Year 2013.

penn virginia corp (PVA) Key Developments

Penn Virginia Corporation Declares Dividends on Series A and Series B Preferred Depositary Shares, Payable on January 1, 2015

The Board of Directors of Penn Virginia Corporation has declared a regular quarterly cash dividend of $150.00 per share on its 6.00% Series A convertible preferred stock. As a result, on January 15, 2015, a dividend of $1.50 per depositary share, each representing a 1/100th interest in a share of the Series A convertible preferred stock, will be paid to holders of record at the close of business on January 1, 2015. In addition, the Board of Directors of the company has declared a cash dividend of $150.00 per share on its 6.00% Series B convertible preferred stock. As a result, on January 15, 2015, a dividend of $1.50 per depositary share, each representing a 1/100th interest in a share of the Series B convertible preferred stock, will be paid to holders of record at the close of business on January 1, 2015.

Penn Virginia Corporation Reports Unaudited Consolidated Earnings and Production Results for the Third Quarter and Nine Months Ended September 30, 2014; Reports Impairments for the Third Quarter of Fiscal 2014; Provides Earnings and Operating Guidance for the Fourth Quarter of Fiscal 2014; Revises Earnings and Operating Guidance for the Full Year of Fiscal 2014

Penn Virginia Corporation reported unaudited consolidated earnings and production results for the third quarter and nine months ended September 30, 2014. For the quarter, total revenues were $205,396,000 against $121,613,000 a year ago. Operating income was $85,921,000 against operating loss of $107,788,000 a year ago. Income before income taxes was $131,774,000 against loss before income taxes of $152,006,000 a year ago. Net income attributable to common shareholders was $81,132,000 against net loss attributable to common shareholders of $100,625,000 or $1.54 per basic and diluted share a year ago. Net cash provided by operating activities was $101,257,000 against $95,083,000 a year ago. Capital expenditures - property and equipment was $194,451,000 against $127,645,000 a year ago. Net loss applicable to common shareholders, as adjusted was $7,408,000 or $0.10 per basic and diluted share against $1,547,000 or $0.02 per basic and diluted share a year ago. EBITDAX was $228,699,000 against EBITDAX negative of $64,371,000 a year ago. Adjusted EBITDAX was $97,656,000 against $90,952,000 a year ago. Pro forma adjusted EBITDAX was $97,656,000 against $94,559,000 a year ago. For the nine months, total revenues were $534,622,000 against $314,466,000 a year ago. Operating income was $65,969,000 against operating loss of $107,507,000 a year ago. Income before income taxes was $7,763,000 against loss before income taxes of $216,298,000 a year ago. Net loss attributable to common shareholders was $7,235,000 or $0.11 per basic and diluted share against $145,896,000 or $2.38 per basic and diluted share a year ago. Net cash provided by operating activities was $200,450,000 against $224,834,000 a year ago. Capital expenditures - property and equipment was $545,031,000 against $356,964,000 a year ago. Net loss applicable to common shareholders, as adjusted was $26,192,000 or $0.39 per basic and diluted share against $22,877,000 or $0.37 per basic and diluted share a year ago. EBITDAX was $307,735,000 against $41,440,000 a year ago. Adjusted EBITDAX was $286,457,000 against $231,383,000 a year ago. Pro forma adjusted EBITDAX was $286,457,000 against $257,639,000 a year ago. For the third quarter, total crude oil, NGL and natural gas production (MBOE) was $2,089,000 against $1,807,000 a year ago. For the nine months, total crude oil, NGL and natural gas production (MBOE) was $5,973,000 against $4,982,000 a year ago. For the third quarter of fiscal 2014, the company reported impairments of $6,084,000 against $132,224,000 a year ago. For the fourth quarter of 2014, capital expenditures are expected to range between $197 million and $243 million and adjusted EBITDAX, which includes the cash impact of derivatives, is expected to range between $100 million to $140 million. Production is expected to range between approximately 2.4 MMBOE to 2.6 MMBOE in the fourth quarter of 2014. Fourth quarter oil production is expected at 15,850 to 16,935 barrels per day. For the full year of 2014 the company’s capital expenditures are expected to range between $754 million and $800 million, which is an increase of $22 million to $28 million from previous guidance. This reflects increases in drilling and completion capital expenditures of between $13 million and $14 million and in lease acquisition capital expenditures of between $10 million and $11 million. The increase in drilling and completion expenditures is attributable to higher tubular steel, sand, trucking and completion costs. 2014 production is expected to range between approximately 8.4 MMBOE and 8.6 MMBOE (2.4 MMBOE to 2.6 MMBOE in the fourth quarter of 2014). This represents an increase of 169 MBOE from the lower end of previous fourth quarter guidance and a decrease of 12 MBOE from the upper end of previous fourth quarter guidance. 2014 Adjusted EBITDAX, which includes the cash impact of derivatives, is expected to range between $387 million and $427 million. This represents a decrease of $7 million to $12 million from previous guidance. For its oil production, the company is guiding to 4.9 million to 5 million barrels of oil.

Penn Virginia Corporation Presents at Wells Fargo Securities Research, Economics & Strategy 2014 Energy Symposium, Dec-10-2014 02:30 PM

Penn Virginia Corporation Presents at Wells Fargo Securities Research, Economics & Strategy 2014 Energy Symposium, Dec-10-2014 02:30 PM. Venue: The Waldorf Astoria, 301 Park Avenue, New York, NY 1002, United States. Speakers: James W. Dean, Vice President of Corporate Development, John A. Brooks, Chief Operations Officer and Executive Vice President.

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
PVA:US $5.09 USD -0.28

PVA Competitors

Market data is delayed at least 15 minutes.

Company Last Change
Bill Barrett Corp $8.84 USD -1.98
Comstock Resources Inc $4.40 USD -0.28
EXCO Resources Inc $2.07 USD -0.085
Sanchez Energy Corp $10.67 USD -0.69
Triangle Petroleum Corp $5.29 USD -0.49
View Industry Companies
 

Industry Analysis

PVA

Industry Average

Valuation PVA Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 0.6x
Price/Book 0.3x
Price/Cash Flow 0.9x
TEV/Sales -- Not Meaningful
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact PENN VIRGINIA CORP, please visit www.pennvirginia.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.