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Penn Virginia Corp (PVAC.OQ)

PVAC.OQ on NASDAQ Stock Exchange Global Select Market

30.00USD
16 Aug 2019
Change (% chg)

$1.33 (+4.64%)
Prev Close
$28.67
Open
$28.85
Day's High
$30.34
Day's Low
$28.74
Volume
63,136
Avg. Vol
91,997
52-wk High
$89.61
52-wk Low
$27.33

Latest Key Developments (Source: Significant Developments)

Penn Virginia Reports EPS Of $3.40
Wednesday, 7 Aug 2019 04:18pm EDT 

Aug 7 (Reuters) - Penn Virginia Corp ::PENN VIRGINIA REPORTS SECOND QUARTER 2019 RESULTS.QTRLY TOTAL REVENUE $122.8 MILLION VERSUS $111.2 MILLION.Q2 ADJUSTED EARNINGS PER SHARE $1.96.Q2 EARNINGS PER SHARE $3.40.Q2 EARNINGS PER SHARE ESTIMATE $2.04 -- REFINITIV IBES DATA.PRODUCED 27,845 BARRELS OF OIL EQUIVALENT PER DAY IN Q2 OF 2019, WHICH IS 13% HIGHER THAN Q1 OF 2019.REALIZED OIL PRICE OF $62.63 PER BARREL, AN APPROXIMATE $2.70 PER BARREL PREMIUM OVER WTI AVERAGE PRICE FOR Q2 OF 2019.SEES 2019 Q3 PRODUCTION 28,400 BOEPD - 29,100 BOEPD.SEES 2019 PRODUCTION 27,400 BOEPD - 27,700 BOEPD.SEES 2019 CAPITAL EXPENDITURES $335 MILLION - $355 MILLION.Q2 REVENUE VIEW $124.0 MILLION -- REFINITIV IBES DATA.  Full Article

Penn Virginia Says CFO Steven A. Hartman Resigned
Monday, 1 Jul 2019 04:05pm EDT 

July 1 (Reuters) - Penn Virginia Corp ::PENN VIRGINIA ANNOUNCES CFO TRANSITION.SAYS CFO STEVEN A. HARTMAN RESIGNED.HARTMAN WILL CONTINUE AS CFO UNTIL A SUCCESSOR IS APPOINTED AND WILL ASSIST IN A SMOOTH TRANSITION.HARTMAN WILL CONTINUE AS CFO UNTIL A SUCCESSOR IS APPOINTED AND WILL ASSIST IN A SMOOTH TRANSITION..COMPANY IS INITIATING A COMPREHENSIVE SEARCH TO IDENTIFY A PERMANENT CFO.  Full Article

Mangrove Partners Intends To Engage With Penn Virginia And Management With Regard To Operations, Standalone Business Plan And Composition Of Board
Thursday, 28 Mar 2019 05:49pm EDT 

March 28 (Reuters) - Penn Virginia Corp ::MANGROVE PARTNERS INTENDS TO ENGAGE WITH PENN VIRGINIA AND MANAGEMENT WITH REGARD TO OPERATIONS, STANDALONE BUSINESS PLAN AND COMPOSITION OF BOARD.  Full Article

Mangrove Partners Says Owns 11.4 Pct of Penn Virginia's Common Stock
Wednesday, 6 Mar 2019 02:46pm EST 

March 6 (Reuters) - MANGROVE PARTNERS::MANGROVE PARTNERS FILES DEFINITIVE PROXY STATEMENT AND RELEASES IMPORTANT LETTER TO SHAREHOLDERS OF PENN VIRGINIA CORPORATION.MANGROVE PARTNERS SAYS OWNS 11.4% OF PENN VIRGINIA'S COMMON STOCK.  Full Article

Penn Virginia Reports Q4 Adj EPS Of $2.56
Wednesday, 27 Feb 2019 06:35am EST 

Feb 27 (Reuters) - Penn Virginia Corp ::PENN VIRGINIA REPORTS FOURTH QUARTER AND YEAR-END 2018 RESULTS.Q4 ADJUSTED EARNINGS PER SHARE $2.56.Q4 EARNINGS PER SHARE $13.10.Q4 EARNINGS PER SHARE ESTIMATE $3.37 -- REFINITIV IBES DATA.GREW PRODUCTION FOR Q4 OF 2018 TO 25,686 BARRELS OF OIL EQUIVALENT PER DAY.PENN VIRGINIA - LOWERED PENN VIRGINIA'S DEBT TO ADJUSTED EBITDAX RATIO TO APPROXIMATELY 1.7X AS OF DECEMBER 31, 2018, PRO FORMA FOR HUNT ACQUISITION..EXPECTS TO FULLY FUND ITS 2019 CAPITAL PLAN WITHIN CASH FLOW.PENN VIRGINIA IS TARGETING YEAR-OVER-YEAR PRODUCTION GROWTH OF APPROXIMATELY 30% FOR 2019.PENN VIRGINIA EXPECTS Q1 2019 PRODUCTION TO BE SLIGHTLY BELOW Q4 2018 PRODUCTION LEVELS.CO'S 2019 OUTLOOK EXCLUDES IMPACT OF PROPOSED DENBURY MERGER TRANSACTION.  Full Article

Contrarian Capital Management Says On Feb 13 Co Delivered Letter To Penn Virginia's Board Opposing Proposed Merger Between Co And Denbury Resources
Wednesday, 13 Feb 2019 04:55pm EST 

Feb 13 (Reuters) - Penn Virginia Corp ::CONTRARIAN CAPITAL MANAGEMENT - ON FEB 13, DELIVERED LETTER TO PENN VIRGINIA CORP’S BOARD OPPOSING PROPOSED MERGER BETWEEN CO AND DENBURY RESOURCES.  Full Article

Mangrove Partners Calls On Penn Virginia To Terminate Denbury Deal
Wednesday, 28 Nov 2018 02:45pm EST 

Nov 28 (Reuters) - MANGROVE PARTNERS::MANGROVE PARTNERS SAYS ON NOVEMBER 26, REPRESENTATIVES FROM MANGROVE PARTNERS SPOKE WITH CO-CHAIRMAN OF BOARD OF PENN VIRGINIA AND ITS CEO.MANGROVE PARTNERS - ON NOV 27, DELIVERED DEMAND LETTER TO PENN VIRGINIA ASKING IT TURN OVER COPIES OF SHAREHOLDER RECORDS.MANGROVE PARTNERS SAYS DURING CALL, MANGROVE CALLED ON PENN VIRGINIA TO WORK WITH DENBURY RESOURCES INC TO TERMINATE PROPOSED TRANSACTION - SEC FILING.MANGROVE PARTNERS SAYS IT HOLDS STAKE OF 10.7 PERCENT IN PENN VIRGINIA AS OF NOVEMBER 26 VERSUS 9.5 PERCENT AS OF NOV 13.MANGROVE PARTNERS SAYS SHOULD PENN VIRGINIA AND DENBURY FAIL TO AGREE TO MUTUAL TERMINATION, MANGROVE INTENDS TO VOTE AGAINST TRANSACTION.  Full Article

Penn Virginia reports third quarter results
Thursday, 8 Nov 2018 06:35am EST 

Nov 8 (Reuters) - Penn Virginia Corp ::PENN VIRGINIA REPORTS THIRD QUARTER 2018 RESULTS AND PROVIDES OPERATIONAL UPDATE.Q3 ADJUSTED EARNINGS PER SHARE $2.72.Q3 EARNINGS PER SHARE $1.06.Q3 EARNINGS PER SHARE VIEW $2.78 -- THOMSON REUTERS I/B/E/S.SAYS TOTAL PRODUCTION IN Q3 OF 2018 INCREASED FOUR PERCENT FROM Q2 OF 2018, TO APPROXIMATELY 2.1 MILLION BOE.SEES Q4 PRODUCTION 28,500 - 30,500 BOEPD.SEES FY 2018 CAPITAL EXPENDITURES $405 MILLION - $410 MILLION.  Full Article

Mangrove Partners Says Evaluating Denbury Resources's Proposed Acquisition Of Penn Virginia
Tuesday, 30 Oct 2018 05:21pm EDT 

Oct 30 (Reuters) - Denbury Resources Inc ::MANGROVE PARTNERS SAYS EVALUATING DENBURY RESOURCES'S PROPOSED ACQUISITION OF PENN VIRGINIA, MARKET'S REACTION FOLLOWING ANNOUNCEMENT OF DEAL.MANGROVE PARTNERS, ON PENN VIRGINIA-DENBURY DEAL, - BELIEVE CONTROL DEAL SHOULD INCLUDE PAYMENT OF "SUSTAINABLE" PREMIUM TO SHAREHOLDERS OF TARGET CO.MANGROVE PARTNERS - BELIEVE THAT PENN VIRGINIA'S STANDALONE PROSPECTS ARE CURRENTLY UNDERVALUED IN THE MARKETPLACE.  Full Article

Penn Virginia To Pay Denbury/ Denbury To Pay Penn Virginia $45 Mln, Upon Termination Of Deal
Monday, 29 Oct 2018 05:35pm EDT 

Oct 29 (Reuters) - Denbury Resources Inc ::PENN VIRGINIA SAYS UPON TERMINATION OF DEAL WITH DENBURY UNDER CERTAIN CIRCUMSTANCES, CO TO PAY DENBURY/ DENBURY TO PAY CO $45 MILLION - SEC FILING.  Full Article