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Penn Virginia Corp (PVAC.OQ)

PVAC.OQ on NASDAQ Stock Exchange Global Select Market

77.02USD
16 Oct 2018
Change (% chg)

$-0.00 (-0.00%)
Prev Close
$77.02
Open
$75.17
Day's High
$77.29
Day's Low
$74.42
Volume
37,482
Avg. Vol
112,504
52-wk High
$96.00
52-wk Low
$33.04

Latest Key Developments (Source: Significant Developments)

Penn Virginia Q2 Adjusted Earnings Per Share $2.46
Tuesday, 7 Aug 2018 

Aug 7 (Reuters) - Penn Virginia Corp ::PENN VIRGINIA REPORTS SECOND QUARTER 2018 RESULTS AND PROVIDES OPERATIONAL UPDATE.Q2 ADJUSTED EARNINGS PER SHARE $2.46.Q2 LOSS PER SHARE $0.17.Q2 EARNINGS PER SHARE VIEW $2.25 -- THOMSON REUTERS I/B/E/S.PRODUCED 22,200 BOEPD FOR Q2.PENN VIRGINIA - ON WAY TO ACCOMPLISH STATED GOAL OF GROWING PRODUCTION BY OVER 120% FOR 2018 AFTER ADJUSTING FOR RECENT OKLAHOMA ASSET SALE.SEES HIGHER CAPITAL PROGRAM FOR 2018 OF BETWEEN $390 MILLION AND $410 MILLION.QTRLY OIL PRODUCTION UP 33% OVER Q1 2018 LEVELS TO 16,465 BARRELS OF OIL PER DAY.BENEFITS REALIZED FROM CHANGE IN PLAN OF DEVELOPMENT, INCREASE IN 2018 CAPITAL PLAN EXPECTED TO OCCUR PRIMARILY IN 2019.SEES Q3 PRODUCTION 23,500 BOEPD - 24,500 BOEPD.SEES Q4 PRODUCTION 28,500 BOEPD - 30,500 BOEPD.  Full Article

Penn Virginia Announces Initiative To Evaluate Strategic Alternatives
Monday, 23 Jul 2018 

July 23 (Reuters) - Penn Virginia Corp ::PENN VIRGINIA ANNOUNCES INITIATIVE TO EVALUATE STRATEGIC ALTERNATIVES.PENN VIRGINIA CORP - INTENDS TO EVALUATE RANGE OF STRATEGIC ALTERNATIVES INCLUDING CORPORATE SALE, MERGER/OTHER BUSINESS COMBINATION.  Full Article

KLS Diversified Asset Management Cuts Stake In Penn Virginia To 5.8 Pct As Of May 15 From A Stake Of 7.8 Pct As Of Jan 18
Thursday, 17 May 2018 

May 17 (Reuters) - Penn Virginia Corp ::KLS DIVERSIFIED ASSET MANAGEMENT LP CUTS STAKE IN PENN VIRGINIA CORP TO 5.8 PERCENT AS OF MAY 15 FROM A STAKE OF 7.8 PERCENT AS OF JAN 18 - SEC FILING.  Full Article

Morgan Stanley Reports 5 Pct Passive Stake In Penn Virginia Corp As Of April 4
Friday, 13 Apr 2018 

April 13 (Reuters) - Morgan Stanley::MORGAN STANLEY REPORTS 5.0 PCT PASSIVE STAKE IN PENN VIRGINIA CORP AS OF APRIL 4 - SEC FILING.  Full Article

Penn Virginia Says Co Entered Master Assignment, Agreement And Amendment No. 4 To Credit Agreement
Wednesday, 7 Mar 2018 

March 7 (Reuters) - Penn Virginia Corp ::PENN VIRGINIA SAYS ON MARCH 1, CO ENTERED MASTER ASSIGNMENT, AGREEMENT AND AMENDMENT NO. 4 TO CREDIT AGREEMENT - SEC FILING​.PENN VIRGINIA - ‍ AMENDMENT AMENDS CREDIT AGREEMENT DATED SEPT 12, 2016 TO INCREASE BORROWING BASE UNDER CREDIT AGREEMENT FROM $237.5 MILLION TO $340.0 MILLION​.  Full Article

Penn Virginia Announces Retirement Of Executive Chairman And Appointment Of New Members Of The Board Of Directors
Friday, 19 Jan 2018 

Jan 19 (Reuters) - Penn Virginia Corp ::PENN VIRGINIA ANNOUNCES RETIREMENT OF EXECUTIVE CHAIRMAN AND APPOINTMENT OF NEW MEMBERS OF THE BOARD OF DIRECTORS.PENN VIRGINIA CORP - COMPANY ALSO ANNOUNCED EXPANSION OF ITS BOARD OF DIRECTORS FROM FIVE TO SEVEN MEMBERS.PENN VIRGINIA CORP - HARRY QUARLS WILL RETIRE FROM HIS POSITIONS AS EXECUTIVE CHAIRMAN, DIRECTOR, EFFECTIVE FEB 28, 2018.PENN VIRGINIA CORP - UPON QUARLS' RETIREMENT, BOARD OF DIRECTORS WILL BE REDUCED FROM SEVEN MEMBERS TO SIX MEMBERS.  Full Article

Penn Virginia to Acquire Assets in Eagle Ford Shale
Tuesday, 2 Jan 2018 

Jan 2 (Reuters) - Penn Virginia Corp ::PENN VIRGINIA ANNOUNCES ACCRETIVE ACQUISITION IN CORE AREA AND PROVIDES OPERATIONAL UPDATE ON SIGNIFICANT WELL RESULTS.PENN VIRGINIA CORP - ACQUISITION IS EXPECTED TO BE FUNDED WITH BORROWINGS UNDER COMPANY'S CREDIT FACILITY.PENN VIRGINIA CORP - AGREED TO ACQUIRE ASSETS IN EAGLE FORD SHALE, PRIMARILY IN GONZALES AND LAVACA COUNTIES, FROM HUNT OIL COMPANY FOR $86 MILLION IN CASH​.PENN VIRGINIA CORP - DEAL TO BE ACCRETIVE TO CO UNDER ALL MEASURES, INCLUDING EARNINGS, CASH FLOW AND NET ASSET VALUE PER SHARE.PENN VIRGINIA CORP - ‍COMPANY'S CAPITAL EXPENDITURES FOR 2018 ARE PROJECTED TO BE HIGHER DUE TO ANTICIPATED DRILLING ON ACQUIRED HUNT ACREAGE​.PENN VIRGINIA CORP - ANTICIPATE FULL YEAR 2018 PRODUCTION TO GROW APPROXIMATELY 120% FROM 2017.PENN VIRGINIA CORP - ‍ PRO FORMA GUIDANCE FOR 2018 FULL YEAR CAPITAL EXPENDITURES OF $320 MILLION - $360 MILLION​.PENN VIRGINIA CORP - ‍ EXPECTS TO FINANCE HUNT ACQUISITION WITH BORROWINGS UNDER COMPANY'S CREDIT FACILITY.PENN VIRGINIA - ‍IS IN DISCUSSIONS WITH ITS BANK LENDING GROUP TO AMEND AND INCREASE ITS CREDIT FACILITY BEYOND CURRENT BORROWING BASE OF $237.5 MILLION​.PENN VIRGINIA CORP - ‍COMPANY STILL EXPECTS TO SPEND WITHIN CASH FLOW BY YEAR-END 2018​.  Full Article

Contrarian Capital Management Llc Reports A 7.5 Pct Stake In Penn Virginia
Monday, 18 Dec 2017 

Dec 18 (Reuters) - Contrarian Capital Management Llc: :CONTRARIAN CAPITAL MANAGEMENT LLC REPORTS A 7.5 PCT STAKE IN PENN VIRGINIA CORP <<>> AS OF DEC 6 - SEC FILING.CONTRARIAN CAPITAL MANAGEMENT ACQUIRED THE SHARES BECAUSE IT BELIEVED THAT SHARES WERE "UNDERVALUED" & REPRESENTED AN "ATTRACTIVE INVESTMENT OPPORTUNITY".  Full Article

Strategic Value Partners Had Discussions With Chairman Of Penn Virginia’S Board
Monday, 11 Dec 2017 

Dec 11 (Reuters) - Penn Virginia Corp ::STRATEGIC VALUE PARTNERS-SAYS HAD DISCUSSIONS WITH CHAIRMAN OF PENN VIRGINIA’S BOARD REGARDING PERFORMANCE, OPERATION OF BUSINESS, ONGOING PROSPECTS.STRATEGIC VALUE PARTNERS SAYS IN THE MEETING WITH CHAIRMAN OF PENN VIRGINIA, HAVE EXPRESSED DISSATISFACTION WITH CO, AND DISCUSSIONS ARE CONTINUING.STRATEGIC VALUE PARTNERS REPORTS 10.2 PERCENT STAKE IN PENN VIRGINIA CORP AS OF DECEMBER 6 - SEC FILING.  Full Article

Mangrove Partners Master Fund-Continues To Have Conversations With Penn Virginia Board
Monday, 11 Dec 2017 

Dec 11 (Reuters) - Penn Virginia Corp ::MANGROVE PARTNERS MASTER FUND-CONTINUES TO HAVE CONVERSATIONS WITH PENN VIRGINIA BOARD, PARTICULARLY WITH REGARDS TO STRATEGY AND CORPORATE GOVERNANCE.MANGROVE PARTNERS MASTER FUND-ON DEC 6, MET CHAIRMAN OF PENN VIRGINIA TO DISCUSS ISSUES,FRUSTRATION WITH REGARD TO LACK OF PROGRESS IN ADDRESSING ISSUES.MANGROVE PARTNERS MASTER FUND REPORTS 9.6 PERCENT STAKE IN PENN VIRGINIA CORP AS OF DECEMBER 6 - SEC FILING.  Full Article

RPT-U.S. energy firms chasing oil price rally stumble on old baggage

NEW YORK, June 14 With oil price recovery taking hold, several U.S. oil and gas companies entered 2018 with a compelling plan - sell undeveloped or less essential fields and invest the money to boost returns from their sweetest, most productive spots.