New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
June 2, 2014
07:37 EDTPVAPenn Virginia announces sale of Mississippi assets for $72.7M
Penn Virginia announced that it has entered into a definitive agreement to sell its Mississippi assets to an undisclosed buyer for gross cash proceeds of $72.7M. The sale is expected to close in July and is subject to customary purchase price adjustments and other customary closing conditions. The effective date of the sale is April 1. The properties to be sold had net production of approximately 11.9M cubic feet of natural gas equivalent per day during 1Q14, almost 100% of which was natural gas. As a result of the divestiture, our FY14 production will decrease by an estimated 1.9 billion cubic feet of natural gas equivalent. Estimated proved reserves associated with the divested properties, as determined by our third party engineers at year-end 2013, were 85.3 Bcfe, 69% of which were proved developed and approximately 100% of which were natural gas.
News For PVA From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
August 3, 2015
07:50 EDTPVAPenn Virginia price target lowered to $3.75 from $8.50 at Canaccord
Subscribe for More Information
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
Subscribe for More Information
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
Subscribe for More Information
16:35 EDTPVAPenn Virginia reports Q2 EPS ($1.19), consensus (53c)
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use