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Penn Virginia Corp (PVAC.OQ)

PVAC.OQ on NASDAQ Stock Exchange Global Select Market

37.68USD
16 Feb 2018
Change (% chg)

$0.15 (+0.40%)
Prev Close
$37.53
Open
$37.35
Day's High
$38.86
Day's Low
$37.22
Volume
53,879
Avg. Vol
39,060
52-wk High
$49.72
52-wk Low
$31.18

Latest Key Developments (Source: Significant Developments)

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
Tuesday, 19 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
Tuesday, 12 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
Tuesday, 12 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

Penn Virginia Corporation reports Q3 loss per share $0.40
Thursday, 9 Nov 2017 

Nov 8 (Reuters) - Penn Virginia Corp :Penn Virginia Corporation reports third quarter 2017 results.Q3 adjusted earnings per share $0.57.Q3 loss per share $0.40.Q3 earnings per share view $0.47 -- Thomson Reuters I/B/E/S.Penn Virginia Corp - ‍produced 9,396 barrels of oil equivalent per day in quarter​.Penn Virginia Corp - ‍for october 2017, production averaged approximately 12,200 boepd​.Penn Virginia Corp sees q4 production 13,300-14,000 boepd‍​.Penn Virginia Corp sees 2018 capex ‍$255 million - $295​ million.Penn Virginia Corp - ‍addressing impact from hurricane harvey by adding a third rig to program​.Penn Virginia Corp - ‍depending on commodity prices, anticipate keeping third rig active through end of 2018​.Penn Virginia - ‍expect new 3rd rig will allow co to increase volumes to range of 20,500 to 22,500 boepd for 2018​.  Full Article

Mangrove Partners Master Fund reports 9.4 percent stake in Penn Virginia Corp
Saturday, 2 Sep 2017 

Sept 2 (Reuters) - Penn Virginia Corp :Mangrove Partners Master Fund reports 9.4 percent stake in Penn Virginia Corp as of Aug 24 - SEC filing.Mangrove Partners Master Fund says on Aug 24, it discussed with Penn Virginia Corp's chairman regarding composition and size of co's board.Mangrove Partners Master Fund says purchased securities of Penn Virginia Corp based on the belief that such securities, when purchased, were undervalued.  Full Article

Penn Virginia Corp board names John Brooks CEO
Tuesday, 15 Aug 2017 

Aug 15 (Reuters) - Penn Virginia Corp :Penn Virginia Corporation board names John Brooks chief executive officer; Harry Quarls appointed executive chairman.Penn Virginia Corp - ‍Appointment of John A. Brooks as president and chief executive officer and as a director of company is effective August 15, 2017​.  Full Article

Penn Virginia Corp reports Q2 earnings per share $1.42
Wednesday, 9 Aug 2017 

Aug 9 (Reuters) - Penn Virginia Corp -:Penn Virginia Corporation reports second quarter 2017 results and provides operational update.Q2 earnings per share $1.42.Q2 earnings per share view $0.59 -- Thomson Reuters I/B/E/S.Penn Virginia Corp - ‍production reached 10,159 boepd in q2 of 2017, of which 74% was crude oil, an increase of approximately 8% over Q1 of 2017​.Anticipates a decline in volume in Q3 compared to Q2 due to a delay in completion of eight-well "super pad" to late in q3.Penn Virginia -expects total 2017 production volumes to range between 3.9 and 4.1 mmboe, or 10,600 to 11,200 boepd, with about 73% comprised of crude oil.Penn Virginia Corp qtrly ‍total product revenues $36.3 million versus $37.2 million.Says capital spending for full year 2017 is anticipated at $140 million to $160 million.  Full Article

Penn Virginia files for mixed shelf of upto $600 mln
Friday, 17 Mar 2017 

Penn Virginia Corp :Penn virginia corp - files for mixed shelf of upto $600 million - sec filing.  Full Article

BRIEF-KLS Diversified Asset Management Reports 7.8 Pct Stake In Penn Virginia

* KLS DIVERSIFIED ASSET MANAGEMENT LP REPORTS 7.8 PERCENT STAKE IN PENN VIRGINIA CORP AS OF JANUARY 18, 2018 - SEC FILING‍​ Source text: (http://bit.ly/2BCjUYR) Further company coverage: