46.18 0.00 (0.00%)
After hours: 4:09PM EDT
|Bid||44.91 x 1000|
|Ask||52.60 x 1800|
|Day's Range||44.63 - 46.28|
|52 Week Range||40.23 - 96.13|
|Beta (3Y Monthly)||0.98|
|PE Ratio (TTM)||3.14|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||71.00|
Penn Virginia Corporation (“Penn Virginia” or the “Company”) (PVAC) today announced that Brian Steck has been appointed to the Company’s Board of Directors and David Geenberg has resigned from the Board, both effective immediately. The Penn Virginia Board will remain composed of six directors, five of whom are independent. The Company also announced that its 2019 Annual Shareholders Meeting will be held at 11:00 a.m. on July 31, 2019.
My focus is primarily on momentum stocks with strong technical patterns. PVAC earned $9.19 per share in 2018 and is expected to earn $10.36 in 2019. at an initial valuation of over $80 per share but the shareholders hated the deal because it was mostly cash and it was felt that it was too low.
The two companies agreed to terminate their previously announced agreement under which Denbury was to acquire Penn Virginia for $1.7 billion.
Murphy Oil (MUR) announced that its subsidiary has entered into an agreement to sell two of its Malaysian assets in an all-cash transaction worth $2.2127 billion.
Houston-based Penn Virginia Corp. (Nasdaq: PVAC) and Plano, Texas-based Denbury Resources Inc. (NYSE: DNR) have mutually agreed to terminate an acquisition announced in late October. Denbury had planned to acquire Penn Virginia in a cash-and-stock deal that was valued at $1.7 billion, including the assumption of debt, as of Oct. 26, 2018.
Denbury Resources Inc. (DNR) (“Denbury” or the “Company”) today announced that it has mutually agreed with Penn Virginia Corporation (PVAC) (“Penn Virginia”) to terminate their previously announced agreement under which Denbury was to acquire Penn Virginia. Chris Kendall, Denbury’s President and CEO, commented, “While we firmly believed in the strategic merits of the combination with Penn Virginia, the difficult market conditions since announcement, combined with the opposition of certain Penn Virginia shareholders, led us to the conclusion that the transaction was unlikely to receive the necessary super majority approval from Penn Virginia shareholders. “Longer term, we believe that CO2 EOR will become an even more vital component of the world’s oil supply, with the smallest possible carbon footprint for an oil producer, and that Denbury is uniquely positioned in the industry to benefit from an increasing need to limit or reduce CO2 emissions.
NEW YORK, March 6, 2019 /PRNewswire/ -- The Mangrove Partners Master Fund, Ltd., one of Penn Virginia Corporation's largest shareholders, owning 11.4% of the outstanding shares, today announced that it has filed its definitive proxy statement and released a letter to the shareholders of Penn Virginia Corporation (PVAC). The Mangrove Partners Master Fund, Ltd. and its affiliates ("Mangrove") are long term shareholders owning 11.4% of Penn Virginia's common stock.
Denbury Resources Inc. (DNR) (“Denbury”) and Penn Virginia Corporation (PVAC) (“Penn Virginia”) today announced that they have jointly filed a definitive joint proxy statement/prospectus with the Securities and Exchange Commission (“SEC”) in connection with Denbury’s proposed acquisition of Penn Virginia.
HOUSTON, Feb. 27, 2019 -- Penn Virginia Corporation (“Penn Virginia” or the “Company”) (NASDAQ:PVAC) today announced its financial and operational results for the fourth.
Penn Virginia Corporation (PVAC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Penn Virginia Corporation (PVAC) (“Penn Virginia” or the “Company”) announced today that it will release fourth quarter and full-year 2018 results before market open on Wednesday, February 27, 2019. Due to the previously announced pending transaction with Denbury Resources Inc., Penn Virginia will not host an earnings conference call in connection with the fourth quarter and full-year 2018 results. Penn Virginia also announced today that members of its management will be available to participate in certain portions of the Denbury Resources Inc. fourth quarter and full-year 2018 results conference call. The conference call is scheduled for 10 a.m. CT / 11 a.m. ET on February 27, 2019.
Preqin has released figures on everything from buyouts to venture capital activity to private equity fundraising. Among the highlights: That 2018 was the most active year ever recorded for private equity-backed buyout deals and the second-highest deal value since the global financial crisis in 2006-2007.
The South Texas Drilling Permit Roundup is a weekly review of new drilling permit applications filed with the Railroad Commission of Texas for a 67-county area of South Texas.
Many investors are still learning about the various metrics that can be useful when analysing a stock. This article is for those who would like to learn about Return On Read More...