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PVAC Penn Virginia

Penn Virginia Corp. engages in the exploration, development, and production of crude oil, natural gas liquids, and natural gas. It focuses on its Eagle Ford Shale project located in South Texas. The company was founded in 1882 and is headquartered in Houston, TX.

PVAC stock data

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Calendar

9 Mar 21
22 Apr 21
31 Dec 21
Quarter (USD)
Dec 20 Sep 20 Jun 20 Mar 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 20 Dec 19 Dec 18 Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 13.02M 13.02M 13.02M 13.02M 13.02M 13.02M
Cash burn (monthly) 2.5M (positive/no burn) 35.8M 30.76M (positive/no burn) (positive/no burn)
Cash used (since last report) 9.35M n/a 133.99M 115.14M n/a n/a
Cash remaining 3.67M n/a -120.97M -102.12M n/a n/a
Runway (months of cash) 1.5 n/a -3.4 -3.3 n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
31 Mar 21 Hinkle Tammy Common Stock Payment of exercise Dispose F No No 13.4 1,742 23.34K 10,954
31 Mar 21 Hinkle Tammy Common Stock Grant Aquire A No No 13.4 1,950 26.13K 12,696
19 Mar 21 Kelley Russell T JR Common Stock Payment of exercise Dispose F No No 16.17 2,904 46.96K 35,528
19 Mar 21 Hinkle Tammy Common Stock Payment of exercise Dispose F No No 16.17 634 10.25K 10,746
2 Mar 21 Holderness Darin G Common Stock Grant Aquire A No No 0 8,147 0 21,640

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

74.2% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 111 99 +12.1%
Opened positions 27 12 +125.0%
Closed positions 15 21 -28.6%
Increased positions 33 40 -17.5%
Reduced positions 33 29 +13.8%
13F shares
Current Prev Q Change
Total value 1.38B 383.47M +259.6%
Total shares 11.36M 11.15M +1.9%
Total puts 16.1K 262.8K -93.9%
Total calls 127.3K 163K -21.9%
Total put/call ratio 0.1 1.6 -92.2%
Largest owners
Shares Value Change
BLK Blackrock 2.36M $23.99M +27.3%
Vanguard 1.19M $12.07M +1.8%
683 Capital Management 720K $7.31M -18.6%
BMO Bank of Montreal 704.25K $7.2M +73335.8%
Dimensional Fund Advisors 645.95K $6.56M -2.2%
STT State Street 504.84K $5.12M +15.8%
Geode Capital Management 343.12K $3.48M +3.7%
Arrowstreet Capital, Limited Partnership 323.87K $3.29M -6.2%
Hotchkis & Wiley Capital Management 322.68K $3.28M NEW
AMP Ameriprise Financial 298.72K $3.03M +188.5%
Largest transactions
Shares Bought/sold Change
BMO Bank of Montreal 704.25K +703.29K +73335.8%
Silver Point Capital 0 -571.3K EXIT
BLK Blackrock 2.36M +507.34K +27.3%
Mangrove Partners 0 -336.08K EXIT
Hotchkis & Wiley Capital Management 322.68K +322.68K NEW
NTRS Northern Trust 218.17K -282.37K -56.4%
AMP Ameriprise Financial 298.72K +195.17K +188.5%
JPM JPMorgan Chase & Co. 153.29K -192.66K -55.7%
Citadel Advisors 50.68K -180.65K -78.1%
683 Capital Management 720K -164.6K -18.6%

Financial report summary

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Risks
  • Risks Associated with our General Business
  • Financial and Related Risks
  • Legal and Regulatory Risks
  • Risks Related to the Ownership of Our Common Stock
  • Title to Oil and Gas Properties
  • Summary of Oil and Gas Reserves
  • Proved Undeveloped Reserves
  • Preparation of Reserves Estimates and Internal Controls
  • Qualifications of Third Party Petroleum Engineers
  • Oil and Gas Production by Region
  • Drilling and Other Exploratory and Development Activities
Management Discussion
  • We are an independent oil and gas company focused on the onshore exploration, development and production of crude oil, NGLs and natural gas. Our current operations consist of drilling unconventional horizontal development wells and operating our producing wells in Gonzales, Lavaca, Fayette and DeWitt Counties in South Texas.
  • The global public health crisis associated with the novel coronavirus, or COVID-19, has, and is anticipated to continue to have, an adverse effect on the global economy, which may be prolonged, and has resulted in travel restrictions, business closures, limitations to person-to-person contact and the institution of quarantining and other restrictions on movement in many communities. These restrictions resulted in a dramatic decline in the demand for energy in 2020, which directly impacted our industry and the Company. In addition, global crude oil prices experienced significant decline since the beginning of 2020 as a result of the dual impact of demand deterioration and market oversupply caused by disagreements between the Organization of the Petroleum Exporting Countries, or OPEC, and Russia, together with OPEC, collectively OPEC+, with respect to production curtailments. OPEC+ ultimately agreed to specified reductions in production in the Spring of 2020 which, for the most part, held for the remainder of the year and were supplemented by additional voluntary downward adjustments, led primarily by Saudi Arabia. Collectively these curtailments have contributed to a relative stabilization of commodity prices and rebalancing of the global crude oil markets by the end of 2020.
  • Notwithstanding the relative improvement in global market stability, as a result of several factors including rising infection rates at the beginning of 2021, mutating strains of the virus, the return of stricter lockdown measures and logistical challenges in vaccine distribution, among others, a return to pre-COVID 19 levels of economic activity remain uncertain in their magnitude and eventual timing. Nonetheless, OPEC+ indicated in their January 2021 meeting a commitment to gradually return limited production to the market with the pace being determined by market conditions. An additional meeting is scheduled for early March of 2021 to monitor conditions and progress.
Content analysis
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