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.
Company profile
Ticker
PVAC
Exchange
Website
CEO
John Brooks
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
IRS number
231184320
PVAC stock data
()
Press releases
Penn Virginia Provides Operational Update
19 Apr 21
Penn Virginia Corp. to Host Earnings Call
9 Mar 21
Penn Virginia Reports Fourth Quarter and Full-Year 2020 Results
8 Mar 21
Penn Virginia Schedules Conference Call for Fourth Quarter and Full-Year 2020 Results
3 Mar 21
Penn Virginia Provides Operational Update
16 Feb 21
Calendar
9 Mar 21
22 Apr 21
31 Dec 21
Financial summary
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Dec 20 | Sep 20 | Jun 20 | Mar 20 | |
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Diluted EPS |
Annual (USD) |
Dec 20 | Dec 19 | Dec 18 | Dec 17 | |
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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 |
Recent insider trades
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 |
Institutional ownership Q4 2020
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 |
---|---|
Total holders | 111 |
Opened positions | 27 |
Closed positions | 15 |
Increased positions | 33 |
Reduced positions | 33 |
13F shares |
Current |
---|---|
Total value | 1.38B |
Total shares | 11.36M |
Total puts | 16.1K |
Total calls | 127.3K |
Total put/call ratio | 0.1 |
Largest owners |
Shares | Value |
---|---|---|
BLK Blackrock | 2.36M | $23.99M |
Vanguard | 1.19M | $12.07M |
683 Capital Management | 720K | $7.31M |
BMO Bank of Montreal | 704.25K | $7.2M |
Dimensional Fund Advisors | 645.95K | $6.56M |
STT State Street | 504.84K | $5.12M |
Geode Capital Management | 343.12K | $3.48M |
Arrowstreet Capital, Limited Partnership | 323.87K | $3.29M |
Hotchkis & Wiley Capital Management | 322.68K | $3.28M |
AMP Ameriprise Financial | 298.72K | $3.03M |
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
- 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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Legalese | ||
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H.S. junior Avg
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Financial reports
10-K
2020 FY
Annual report
9 Mar 21
10-Q
2020 Q3
Quarterly report
6 Nov 20
10-Q
2020 Q2
Quarterly report
7 Aug 20
10-Q
2020 Q1
Quarterly report
8 May 20
10-K
2019 FY
Annual report
28 Feb 20
10-Q
2019 Q3
Quarterly report
8 Nov 19
10-Q
2019 Q2
Quarterly report
8 Aug 19
10-Q
2019 Q1
Quarterly report
10 May 19
10-K/A
2018 FY
Annual report (amended)
29 Apr 19
10-K
2018 FY
Annual report
27 Feb 19
Current reports
8-K
Penn Virginia Reports Fourth Quarter and Full-Year 2020 Results
8 Mar 21
8-K
Penn Virginia Provides Operational Update
16 Feb 21
8-K
Departure of Directors or Certain Officers
4 Feb 21
8-K
Entry into a Material Definitive Agreement
21 Jan 21
8-K
Penn Virginia Shareholders Approve Transaction with Juniper Capital Advisors
14 Jan 21
8-K
Penn Virginia Announces Certain Management Changes
6 Jan 21
8-K
Penn Virginia Reports Third Quarter 2020 Results
6 Nov 20
8-K
Entry into a Material Definitive Agreement
5 Nov 20
8-K
Juniper Capital Advisors to Make Strategic Investment in Penn Virginia
3 Nov 20
8-K
Penn Virginia Operational Update
27 Oct 20
Registration and prospectus
S-3
Shelf registration
9 Mar 21
S-8
Registration of securities for employees
11 Jan 21
S-8
Registration of securities for employees
25 Aug 20
S-3
Shelf registration
8 May 20
S-8 POS
Registration of securities for employees (post-effective amendment)
19 Aug 19
S-8
Registration of securities for employees
19 Aug 19
425
Business combination disclosure
19 Mar 19
425
Business combination disclosure
4 Mar 19
425
Business combination disclosure
4 Mar 19
425
Business combination disclosure
21 Dec 18
Proxies
DEFA14A
Additional proxy soliciting materials
20 Apr 21
DEF 14A
Definitive proxy
6 Apr 21
PRE 14A
Preliminary proxy
19 Mar 21
DEF 14A
Definitive proxy
8 Dec 20
PRE 14A
Preliminary proxy
24 Nov 20
DEFA14A
Additional proxy soliciting materials
8 Nov 20
DEFA14A
Additional proxy soliciting materials
6 Nov 20
DEFA14A
Additional proxy soliciting materials
5 Nov 20
DEFA14A
Additional proxy soliciting materials
3 Nov 20
DEF 14A
Definitive proxy
7 Apr 20
Other
EFFECT
Notice of effectiveness
21 May 20
CORRESP
Correspondence with SEC
17 May 20
UPLOAD
Letter from SEC
13 May 20
CT ORDER
Confidential treatment order
17 Dec 18
EFFECT
Notice of effectiveness
27 Dec 17
EFFECT
Notice of effectiveness
9 May 17
CORRESP
Correspondence with SEC
7 May 17
CORRESP
Correspondence with SEC
1 May 17
UPLOAD
Letter from SEC
26 Apr 17
CORRESP
Correspondence with SEC
16 Apr 17
Ownership
3
PENN VIRGINIA / Kayla Baird ownership change
6 Apr 21
4
PENN VIRGINIA / Tammy Hinkle ownership change
1 Apr 21
4
PENN VIRGINIA / Tammy Hinkle ownership change
23 Mar 21
4
PENN VIRGINIA / Russell T Kelley JR ownership change
23 Mar 21
3/A
Initial statement of insider ownership (amended)
22 Mar 21
3/A
Initial statement of insider ownership (amended)
22 Mar 21
4
PENN VIRGINIA / Jeff E Wojahn ownership change
4 Mar 21
4
PENN VIRGINIA / TIFFANY THOM CEPAK ownership change
4 Mar 21
4
PENN VIRGINIA / DARIN G HOLDERNESS ownership change
4 Mar 21
SC 13G/A
PENN VIRGINIA / Silver Point Capital ownership change
16 Feb 21
Transcripts
2020 Q4
Earnings call transcript
9 Mar 21
2020 Q3
Earnings call transcript
6 Nov 20
2020 Q2
Earnings call transcript
7 Aug 20
2020 Q1
Earnings call transcript
8 May 20
2019 Q4
Earnings call transcript
28 Feb 20
2019 Q3
Earnings call transcript
8 Nov 19
2019 Q2
Earnings call transcript
9 Aug 19
2019 Q1
Earnings call transcript
10 May 19
2018 Q2
Earnings call transcript
8 Aug 18
2018 Q1
Earnings call transcript
9 May 18
Reddit threads
Why oil companies are still not at pre- covid valuations
15 Mar 21
Daily Discussion Thread - March 8th, 2021
8 Mar 21
Daily Discussion Thread - March 4th, 2021
4 Mar 21
Daily Discussion Thread - March 3rd, 2021
3 Mar 21
Friday 26 February 2021: A discount bot I have created.
26 Feb 21
Daily Discussion Thread - February 25th, 2021
25 Feb 21
Daily Discussion Thread - February 24th, 2021
24 Feb 21
Daily Discussion Thread - February 23rd, 2021
23 Feb 21
The Top Value Energy stocks
17 Dec 20
Daily Discussion Thread - November 5th, 2020
5 Nov 20