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Stock Market & Financial Investment News

News Breaks
August 25, 2014
07:14 EDTPVAPenn Virginia sees Q3 production 1,909 MBOE-2,024 MBOE
Sees Q3 total production 20,750 BOEPD-22,000 BOEPD. Although well results continue to meet or exceed expectations, the company anticipates delays in the timing of completions associated with 2H14 drilling program, including those wells to be drilled with the recently added seventh and eighth drilling rigs. In addition, as a result of the delays, the company now expects four fewer wells will be turned in line in 2014, with those four wells now expected to be turned in line during 1Q15. Pro forma for the sale of the company's Mississippi assets, which closed at the end of July, the company now expects a 1%-7% increase in production in Q3 over Q2 and a 29%-36% increase in production in Q4 over Q3. The company's Eagle Ford production is expected to increase approximately 50%-60% in Q2 over the first half, driven by continued well completions and anticipated strong well results.
News For PVA From The Last 14 Days
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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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