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Stock Market & Financial Investment News

News Breaks
February 21, 2014
07:32 EDTPVAPenn Virginia price target raised to $18 from $12 at RBC Capital
RBC Capital increased its price target on Penn Virginia after the company reported weaker than expected Q4 results. However, the firm expects the company to benefit from more accretive acquisitions, tighter wells spacing, continued strong well performance, and catalyst wells targeting the Upper Eagleford. The firm states that the company's well performance in the Eagleford Shale has continued to improve, and it keeps an Outperform rating on the shares.
News For PVA From The Last 14 Days
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March 5, 2015
10:05 EDTPVAOn The Fly: Analyst Upgrade Summary
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09:11 EDTPVAPenn Virginia upgraded to Focus List from Outperform at Howard Weil
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March 4, 2015
15:40 EDTPVAGoodrich seen pressured to seek alternatives, dealReporter says
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March 3, 2015
16:22 EDTPVALucas Energy, VIctory Energy enter into collaboration, funding agreements
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February 26, 2015
12:39 EDTPVAOn The Fly: Midday Wrap
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11:07 EDTPVAPenn Virginia says 'not company's policy to comment' on sale rumors
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09:25 EDTPVAOn The Fly: Pre-market Movers
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09:15 EDTPVAPenn Virginia volatility flat into report exploring sale
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09:10 EDTPVAPenn Virginia jumps 15% to $7.15 after WSJ says exploring sale
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09:10 EDTPVAPenn Virginia working with bank to explore sale, WSJ reports
Penn Virginia (PVA) is working with Bank of America (BAC) to find potential buyers of the company, Wall Street Journal reports, citing people familiar with the matter. George Soros has urged the energy product to find a buyer with its stock down 60% since June, the Journal adds. Reference Link
February 25, 2015
16:15 EDTPVAPenn Virginia sees 2015 product revenue $312M-$343M
May not compare to consensus $496.76M. Sees 2015 production 8.7 to 9.6 MMBOE, or 23,800 to 26,200 BOEPD. Production in Q1 is expected to range between 23,500 and 25,500 BOEPD, an increase of 10% to 20% over Q4. Capital expenditures are expected to be $295M-$345M, a decrease of 57% to 63% from 2014.
16:14 EDTPVAPenn Virginia reports Q4 EPS (35c), consensus (10c)
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