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Last $0.99 USD
Change Today -0.352 / -26.27%
Volume 10.6M
PVA On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 8:04 PM 08/3/15 All times are local (Market data is delayed by at least 15 minutes).

penn virginia corp (PVA) Snapshot

Open
$1.29
Previous Close
$1.34
Day High
$1.33
Day Low
$0.96
52 Week High
08/26/14 - $15.30
52 Week Low
08/3/15 - $0.96
Market Cap
70.8M
Average Volume 10 Days
6.5M
EPS TTM
$-2.70
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: 07/15/15
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 Up For Sale

Penn Virginia Corporation (NYSE:PVA) had put itself on the block but received no "credible bids", Edward Cloues, Chairman of Penn Virginia, said, a day after Penn Virginia cut its 2015 production forecast. "We did not reject any offers as some have suggested," Cloues said on a conference call with analysts. "In fact, while there was a reasonable level of interest, (there were) no offers to consider," he said.

Penn Virginia Corporation Reports Unaudited Consolidated Earnings and Production Results for the Second Quarter and Six Months Ended June 30, 2015; Provides Production and Earnings Guidance for the Third, Fourth and Full Year of 2015; Revised Earnings and Production Guidance for the Full Year of 2015 and 2016

Penn Virginia Corporation reported unaudited consolidated earnings and production results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported total revenues of $83,616,000 against $139,361,000 a year ago. Operating loss was $40,982,000 against $91,636,000 a year ago. Loss before income taxes was $80,040,000 against $157,500,000 a year ago. Net loss applicable to common shareholders was $86,196,000 or $1.19 per basic and diluted share against $105,870,000 or $1.59 per basic and diluted share a year ago. Net cash provided by operating activities was $52,729,000 against $32,633,000 a year ago. Capital expenditures- property and equipment was $94,999,000 against $190,776,000 a year ago. Net loss applicable to common shareholders, as adjusted was $31,991,000 or $0.44 per diluted share against was $4,342,000 or $0.07 per basic and diluted share a year ago. EBITDAX was $33,877,000 against LBITDAX of $58,635,000 a year ago. Adjusted EBITDAX was $85,463,000 against $94,997,000 a year ago. For the six months, the company reported total revenues of $158,143,000 against $329,226,000 a year ago. Operating loss was at $98,858,000 against $19,952,000 a year ago. Loss before income taxes was $137,064,000 against $124,011,000 a year ago. Net loss applicable to common shareholders was $149,428,000 or $2.07 per basic and diluted share against $88,367,000 or $1.34 per basic and diluted share a year ago. Net cash provided by operating activities was $98,281,000 against $99,193,000 a year ago. Capital expenditures- property and equipment was $263,993,000 against $350,580,000 a year ago. Net loss applicable to common shareholders, as adjusted was $76,860,000 or $1.06 per diluted share against $13,187,000 or $0.20 per basic and diluted share a year ago. EBITDAX was $96,533,000 against $79,036,000 a year ago. Adjusted EBITDAX was $163,047,000 against $188,801,000 a year ago. The company reported production results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported total crude oil, NGL and natural gas production of 2,140 MBOE against 1,983 MBOE a year ago. The decrease in production in the Eagle Ford, was primarily due to higher line pressure in sections of gathering system, along with lower than expected early-time production performance from recent Upper Eagle Ford drilling program. For the six months, the company reported total crude oil, NGL and natural gas production of 4,365 MBOE against 3,885 MBOE a year ago. For the third quarter of 2015, the company expects capital expenditures to range between $52.0 and $61.0 million. Adjusted EBITDAX is expected to be $65.0 to $75.0 million. For the fourth quarter of 2015, the company expects capital expenditures to range between $32.1 and $43.1 million. Adjusted EBITDAX is expected to be $57.0 to $72.0 million. For the full year 2015, the company expects capital expenditures to be $325 to $345 million, compared to previous guidance of $325 to $370 million.  Depreciation, depletion and amortization is expected to be in the range between from $38.11 per BOE to $42.30 per BOE. Adjusted EBITDAX, a non-GAAP measure, is expected to be $285 to $310 million, compared to previous guidance of $300 to $340 million. Net cash provided by operating activities, including expected working capital changes, is expected to be $147 to $156 million, compared to previous guidance of $165 to $185 million. For the full year 2015, the company expects production 20,700 to 22,600 BOEPD, compared to previous guidance of 23,800 to 26,200 BOEPD, including the impact of the pending sale of East Texas assets, which assume closes on August 31st. crude oil production of 13,050 to 14,350 barrels of oil per day (BOPD), compared to previous guidance of 14,000 to 15,400 BOPD. Production in the third and fourth quarters of 2015 is expected to range between 18,500 and 22,800 BOEPD and 16,300 and 19,600 BOEPD, respectively, including the impact of the pending sale of East Texas assets. For the full year 2016, the company expects to spend $200 to $250 million in capital expenditures during 2016, with fourth quarter 2016 oil production up to approximately 10% higher than the midpoint of fourth quarter 2015 oil production guidance. The 2016 preliminary capital budget will be funded by anticipated year-end 2015 liquidity and 2016 cash flows from operating activities.

Penn Virginia Corporation Announces Retirement of Baird Whitehead as Chief Executive Officer and President

Penn Virginia Corporation announced that H. Baird Whitehead announced that he plans to retire as President and Chief Executive Officer after more than 14 years of service, including four years in his current position. Mr. Whitehead will continue to serve until a successor is named and the CEO transition is complete.

 

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