Last $6.64 USD
Change Today -0.23 / -3.35%
Volume 5.8M
PVA On Other Exchanges
Symbol
Exchange
Frankfurt
As of 8:04 PM 02/27/15 All times are local (Market data is delayed by at least 15 minutes).

penn virginia corp (PVA) Snapshot

Open
$6.80
Previous Close
$6.87
Day High
$6.97
Day Low
$6.55
52 Week High
05/7/14 - $18.20
52 Week Low
12/9/14 - $4.32
Market Cap
475.3M
Average Volume 10 Days
5.8M
EPS TTM
$-1.57
Shares Outstanding
71.6M
EX-Date
08/1/12
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for PENN VIRGINIA CORP (PVA)

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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: $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 Announces Expansion Plans

Penn Virginia Corporation announced that it plan to invest $15 million to $20 million in land acquisition, which, along with drilling program, should keep undrilled acreage and location inventory flat year-over-year. The company is planning to spend $295 million to $345 million, which will fund a 3- to 4-rig program for 2015.

Penn Virginia Reportedly Explores For Sale

Penn Virginia Corporation (NYSE:PVA) is exploring a sale as its stock price has declined, its reserves have lost value and billionaire George Soros has urged the company to find a buyer. Penn Virginia has been working with Bank of America Corp. to look for potential buyers, said people familiar with the matter.

Penn Virginia Corporation Reports Unaudited Consolidated Earnings and Production Results for the Fourth Quarter and Full Year Ended December 31, 2014; Provides Earnings and Production Guidance for the Year 2015; Reports Impairment Charges for the Fourth Quarter of 2014

Penn Virginia Corporation reported unaudited consolidated earnings and production results for the fourth quarter and full year ended December 31, 2014. For the quarter, total revenues were $102,151,000 against $117,002,000 a year ago. Operating loss was $681,954,000 against operating income of $15,461,000 a year ago. Loss before income taxes was $549,033,000 against $4,468,000 a year ago. Net loss attributable to common shareholders was $423,761,000 or $5.90 per basic and diluted share against $4,074,000 or $0.06 per basic and diluted share a year ago. Net cash provided by operating activities was $82,274,000 against $36,678,000 a year ago. Capital expenditures - property and equipment was $229,108,000 against $147,239,000 a year ago. Net loss applicable to common shareholders, as adjusted was $25,373,000 or $0.35 per diluted share against $6,716,000 or $0.10 per diluted share a year ago. LBITDAX was $439,185,000 against EBITDAX of $89,004,000 a year ago. Adjusted EBITDAX was $84,798,000 against $97,656,000 a year ago. Pro forma adjusted EBITDAX was $84,798,000 against $97,656,000 a year ago. Total capital expenditures were $237.1 million. The decrease in operating loss was due primarily to a $40.4 million decrease in product revenues and a $12.7 million increase in depletion, depreciation and amortization (DD&A) expense.  For the year, total revenues were $636,773,000 against $431,468,000 a year ago. Operating loss was $615,985,000 against $92,046,000 a year ago. Loss before income taxes was $541,270,000 against $220,766,000 a year ago. Net loss attributable to common shareholders was $430,996,000 or $6.26 per basic and diluted share against $149,970,000 or $2.41 per basic and diluted share a year ago. Net cash provided by operating activities was $282,724,000 against $261,512,000 a year ago. Capital expenditures - property and equipment was $774,139,000 against $504,203,000 a year ago. Net loss applicable to common shareholders, as adjusted was $47,308,000 or $0.69 per diluted share against $30,683,000 or $0.49 per diluted share a year ago. LBITDAX was $131,450,000 against EBITDAX of $130,444,000 a year ago. Adjusted EBITDAX was $371,255,000 against $316,179,000 a year ago. Pro forma adjusted EBITDAX was $371,255,000 against $342,435,000 a year ago. Total capital expenditures were $793.9 million. For the quarter, the company reported total crude oil, NGL and natural gas production (MBOE) was $1,961,000 against $1,842,000 a year ago. Equivalent production was 1,961 MBOE and equivalent daily production was 21,314 BOEPD. Total product revenues were $101.4 million. For the year, the company reported total crude oil, NGL and natural gas production (MBOE) was $7,934,000 against $6,824,000 a year ago. Equivalent production was 7,934 MBOE and equivalent daily production was 21,738 BOEPD. Total product revenues were $512.9 million For the year 2015, the company expects total reported G&A is in the range of $44.5 million to $47.5 million. Depreciation, depletion and amortization is in the range of $335 million to $345 million. Depreciation, depletion and amortization is in the range of $35.03 per BOE million to $39.72 per BOE. Adjusted EBITDAX is in the range of $300 million to $340 million. Total reported interest expense is in the range of $97 million to $100 million. Cash interest expense is in the range of $93 million to $95 million. The company expects annual production growth of 10% and 20%, and 17% to 29% pro forma with most of that production growth and spending occurring in the first half of the year, with fairly flat subsequent quarterly production in the second half of the year. With a 60% decrease in tentative CapEx from $794 million to $320 million year-over-year, still expect production to increase pro forma from roughly 20,300 barrels a day equivalent to 25,000 barrels a day equivalent, or a 23% increase. Not taking into account this production adjustment for 2014, the company still expect production to increase 15% year-over-year. The company expects production to range between 8.7 million to 9.6 million barrels of oil equivalent, which is 23,800 to 26,200 BOE per day. In the fourth quarter, the company incurred a $667.8 million impairment charge primarily associated with East Texas and Mid-Continent assets due primarily to the substantial declines in commodity prices.

 

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Price/Book 0.7x
Price/Cash Flow 0.7x
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