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Stock Market & Financial Investment News

News Breaks
December 18, 2012
07:19 EDTPVAPenn Virginia announces partner elects to go non-consent on last initial wells
Penn Virginia announced that our current 40% working interest partner in our Lavaca County Eagle Ford Shale acreage has elected to go non-consent on the last 17 initial unit wells we have drilled or expect to drill on this acreage. We intend to seek a partner to acquire this 40% working interest, but we have not set a timeframe nor can we give any assurance that our search will be successful. Of these 17 initial unit wells, seven have been drilled, two are being drilled and eight remain to be drilled. Upon the drilling of each of these initial unit wells, our current 40% working interest partner will have no participatory rights in any subsequent wells drilled in such unit. As a result, our net Eagle Ford Shale acreage in Lavaca County will increase from approximately 9,200 acres to approximately 13,400 acres upon the drilling of all of these initial unit wells.
News For PVA From The Last 14 Days
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August 3, 2015
07:50 EDTPVAPenn Virginia price target lowered to $3.75 from $8.50 at Canaccord
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July 30, 2015
10:00 EDTPVAOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Altria Group (MO) downgraded to Outperform from Buy at CLSA... Baxter (BAX) downgraded to Market Perform from Outperform at Leerink... Changyou.com (CYOU) downgraded to Hold from Buy at Summit Research... Depomed (DEPO) downgraded to Neutral from Buy at Janney Capital... Euronet (EEFT) downgraded to Neutral from Buy at Monness Crespi... Foundation Medicine (FMI) downgraded to Market Perform at JMP Securities... Garmin (GRMN) downgraded to Underweight from Neutral at JPMorgan... Golden Star Resources (GSS) downgraded to Hold at Canaccord... Grainger (GWW) downgraded on negative catalysts at RBC Capital... Henry Schein (HSIC) downgraded to Hold from Buy at Evercore ISI... LINN Energy (LINE) downgraded to Market Perform from Outperform at Raymond James... LifeLock (LOCK) downgraded to Neutral from Buy at BofA/Merrill... LinnCo (LNCO) downgraded to Market Perform from Outperform at Raymond James... Manitowoc (MTW) downgraded to Hold from Buy at BB&T... PACCAR (PCAR) downgraded to Equal Weight on peak cycle concerns at Morgan Stanley... PG&E (PCG) downgraded to Neutral from Outperform at Credit Suisse... Pacer (PACR) downgraded to Equal Weight from Overweight at Morgan Stanley... Penn Virginia (PVA) downgraded to Sector Perform from Outperform at Scotia... Shutterfly (SFLY) downgraded to Market Perform at Raymond James... Terex (TEX) downgraded to Hold from Buy at BB&T... Total System (TSS) downgraded to Neutral at Baird... Whiting Petroleum (WLL) downgraded to Equal Weight from Overweight at Stephens... Whole Foods (WFM) downgraded to Equal Weight from Overweight at Morgan Stanley.
09:10 EDTPVAPenn Virginia downgraded to Sector Perform from Outperform at Scotia
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July 29, 2015
16:39 EDTPVAPenn Virginia lowers FY15 production view to 20,700-22,600 BOEPD
Now sees production of 20,700 to 22,600 BOEPD, compared to previous guidance of 23,800 to 26,200 BOEPD, including the impact of the pending sale of East Texas assets, which is assumed to close on August 31. Product revenues, excluding the impact of any hedges, are expected to be $284M-$307M, compared to previous guidance of $320M-$350M. Adjusted EBITDAX is expected to be $285M-$310M, compared to previous guidance of $300M-$340M. Capital expenditures are expected to be $325M-$345M, compared to previous guidance of $325M-$370M.
16:37 EDTPVAPenn Virginia sees sufficient liquidity to execute remainder of 2015 program
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16:35 EDTPVAPenn Virginia reports Q2 EPS ($1.19), consensus (53c)
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July 21, 2015
09:38 EDTPVAPenn Virginia CEO retirement could increase M&A speculation, dealReporter says
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09:35 EDTPVAActive equity options trading on open
Active equity options trading on open: AAPL FB IBM TSLA BAC PVA NFLX
July 20, 2015
16:13 EDTPVAPenn Virginia CEO announces retirement
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