PVAC Penn Virginia Dashboard

Penn Virginia Corporation is a pure-play independent oil and gas company engaged in the development and production of oil, NGLs, and natural gas, with operations in the Eagle Ford shale in south Texas.

Company profile

Ticker

PVAC

Exchange

NASDAQ

Website

www.pennvirginia.com

CEO

John Brooks

Incorporated

Virginia

Location

Texas

Fiscal year end

Dec 31

Sector

Mining, Quarrying, and Oil and Gas Extraction > Crude Petroleum and Natural Gas Extraction

Industry (SIC)

Crude Petroleum & Natural Gas

Petroleo Brasileiro S.A. Petrobras • Anadarko Petroleum • Occidental Petroleum • Marathon Oil • Apache • Chesapeake Energy • Devon Energy • EOG Resources • Pressburg • Ovintiv ...

SEC CIK

0000077159

Corporate docs

Articles of Incorporation & Bylaws

IRS number

231184320

PVAC stock data

S&P 500

1M 1Y 2Y 5Y

News

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Penn Virginia: Q2 Earnings Insights

3 Aug 21

Shares of Penn Virginia (NASDAQ:PVAC) increased in after-market trading after the company reported Q2 results. Quarterly Results Earnings per share decreased 44.44% year over year to $1.05, which beat the estimate of $0.84.

Penn Virginia Q2 EPS $1.05 Beats $0.84 Estimate, Sales $124.70M Beat $104.80M Estimate

3 Aug 21

Penn Virginia (NASDAQ:PVAC) reported quarterly earnings of $1.05 per share which beat the analyst consensus estimate of $0.84 by 25 percent. This is a 44.44 percent decrease over earnings of $1.89 per share from the same

Earnings Scheduled For August 3, 2021

3 Aug 21

Companies Reporting Before The Bell • Myriad Genetics (NASDAQ:MYGN) is likely to report earnings for its fourth quarter. • Stellantis (NYSE:STLA) is expected to report earnings for its second quarter.

Stocks That Hit 52-Week Highs On Monday

7 Jun 21

Stocks That Hit 52-Week Highs On Friday

4 Jun 21

Press releases

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Penn Virginia Reports Second Quarter 2021 Results

3 Aug 21

--- Exceeds High End of Oil Sales Volume Guidance on Reduced Per Well Capital Expenditures ------ Recently Announced All-Stock Acquisition of Lonestar Resources Expected to be Accretive Across Key Metrics, Including Free

Penn Virginia Announces Pricing of $400 Million Offering of Senior Unsecured Notes

27 Jul 21

HOUSTON, July 27, 2021 (GLOBE NEWSWIRE) -- Penn Virginia Corporation ("Penn Virginia") (NASDAQ:PVAC) today announced that its indirect, wholly owned subsidiary Penn Virginia Escrow LLC (the "Escrow Issuer") has priced

SHAREHOLDER INVESTIGATION: Halper Sadeh LLP Investigates IKNX, STFC, HBMD, PVAC; Shareholders are Encouraged to Contact the Firm

27 Jul 21

NEW YORK, July 27, 2021 (GLOBE NEWSWIRE) -- Halper Sadeh LLP, a global investor rights law firm, announces it is investigating the following companies: IKONICS Corporation (NASDAQ:IKNX) concerning potential violations

Penn Virginia Announces Proposed $400 Million Offering of Senior Unsecured Notes

26 Jul 21

Penn Virginia Provides Operational Update

26 Jul 21

Calendar

4 May 21

4 Aug 21

31 Dec 21

Financial summary

Financial statements Chart PVAC financial data

Quarter (USD)	Mar 21	Dec 20	Sep 20	Jun 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)	11.87M	11.87M	11.87M	11.87M	11.87M	11.87M
Cash burn (monthly)	384K	3.62M	(positive/no burn)	29.98M	(positive/no burn)	(positive/no burn)
Cash used (since last report)	1.59M	14.99M	n/a	124.07M	n/a	n/a
Cash remaining	10.28M	-3.12M	n/a	-112.2M	n/a	n/a
Runway (months of cash)	26.8	-0.9	n/a	-3.7	n/a	n/a

Beta Read what these cash burn values mean

Recent insider trades

PVAC insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
2 Jun 21	Edward Geiser	Series A Preferred Stock Common Stock	Other	Aquire J	Yes	No	0	8.89	0	54,061.41
2 Jun 21	Juniper Capital II GP	Series A Preferred Stock Common Stock	Other	Aquire J	Yes	No	0	8.89	0	54,061.41
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

Data from 3, 4 and 5 filings. Stock values as filed, not updated for current price.

Institutional ownership Q1 2021

PVAC institutional ownership history Ownership history

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

13F holders	Current	Prev Q	Change
Total holders	116	111	+4.5%
Opened positions	26	27	-3.7%
Closed positions	21	15	+40.0%
Increased positions	29	33	-12.1%
Reduced positions	43	33	+30.3%

13F shares	Current	Prev Q	Change
Total value	792.22M	1.38B	-42.6%
Total shares	33.54M	11.36M	+195.3%
Total puts	61.5K	16.1K	+282.0%
Total calls	195.1K	127.3K	+53.3%
Total put/call ratio	0.3	0.1	+149.2%

Largest owners	Shares	Value	Change
Juniper Capital III GP	22.55M	$278.47M	NEW
BLK Blackrock	2.49M	$33.42M	+5.5%
Vanguard	1.17M	$15.71M	-1.5%
BMO Bank of Montreal	676.3K	$8.83M	-4.0%
Dimensional Fund Advisors	643.18K	$8.64M	-0.4%
STT State Street	519.42K	$6.96M	+2.9%
Geode Capital Management	388.53K	$5.21M	+13.2%
683 Capital Management	367.5K	$4.93M	-49.0%
Hotchkis & Wiley Capital Management	289.94K	$3.89M	-10.1%
AMP Ameriprise Financial	249.41K	$3.34M	-16.5%

Largest transactions	Shares	Bought/sold	Change
Juniper Capital III GP	22.55M	+22.55M	NEW
683 Capital Management	367.5K	-352.5K	-49.0%
Acadian Asset Management	243.49K	+220.24K	+947.1%
Arrowstreet Capital, Limited Partnership	130.85K	-193.01K	-59.6%
Lasry Marc	189.37K	+189.37K	NEW
MS Morgan Stanley	108.47K	-167.36K	-60.7%
Grantham, Mayo, Van Otterloo & Co.	0	-149.4K	EXIT
Assenagon Asset Management	0	-132.43K	EXIT
BLK Blackrock	2.49M	+130.16K	+5.5%
Apis Capital Advisors	233.46K	+113.46K	+94.5%

Data from 13F filings. Stock values as filed, not updated for current price. Long positions only.

Financial report summary

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

Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations.
We are an independent oil and gas company focused on the onshore exploration, development and production of crude oil, natural gas liquids (“NGLs”), and natural gas. Our current operations consist of drilling unconventional horizontal development wells and operating our producing wells in the Eagle Ford Shale in Gonzales, Lavaca, Fayette and DeWitt Counties in South Texas.
As an oil and gas exploration and development company, we are exposed to a number of risks and uncertainties that are inherent to our industry. In addition to such industry-specific risks, the global public health crisis associated with the novel coronavirus (“COVID-19”) has had an adverse effect on global economic activity with the impact of travel restrictions, business closures, limitations to person-to-person contact and the institution of quarantining and other restrictions on movement in many communities. The slowdown in global economic activity attributable to COVID-19 resulted in a dramatic decline in the demand for energy beginning in March 2020, which directly impacted our industry and the Company. While we have seen a relative improvement in global market stability, a return to pre-COVID 19 levels of economic activity remains uncertain in its magnitude and eventual timing.

Content analysis

Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability	H.S. junior Avg

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Removed: absence, achievement, active, added, administration, Aid, AMT, applicability, applying, assessable, assessment, ASU, audit, August, Authority, benchmark, blended, Board, BOEPD, broader, certification, Coast, collapsed, collected, collecting, collection, Comparative, concentrated, Conduct, continuity, contractually, cumulative, curtailing, curtailment, demobilization, diligence, disruption, dramatically, economy, efficient, establish, eurocurrency, expanded, expanding, extend, FASB, funding, growing, Gulf, hiring, identified, implemented, improved, inability, infrastructure, initiated, insignificant, managing, matter, modified, monitor, move, mutually, NaN, October, operator, optional, originate, origination, phase, promotion, protective, pursued, realization, reflective, Reform, refund, relationship, release, released, relevant, restart, restated, restructured, retained, retrospective, review, RSU, scope, Security, separate, southeastern, specifically, stimulation, stratified, supportable, suspended, suspending, technical, Topic, trailing, transported, unhedged, unique, wherewithal

From filing 10-Q 2020 Q1