54.46 +0.16 (0.29%)
After hours: 6:37PM EDT
|Bid||54.00 x 800|
|Ask||56.75 x 800|
|Day's Range||52.05 - 54.50|
|52 Week Range||32.91 - 96.13|
|Beta (3Y Monthly)||1.03|
|PE Ratio (TTM)||3.69|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||80.67|
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...
NEW YORK NY / ACCESSWIRE / January 1, 2019 / Juan Monteverde , founder and managing partner at Monteverde & Associates PC , a national securities firm headquartered at the Empire State Building in New ...
NEW YORK, Dec. 28, 2018 -- Bragar Eagel & Squire, P.C. reminds investors that it is investigating potential claims on behalf of stockholders of InfraREIT, Inc., Penn.
Denbury Resources Inc. (DNR) (“Denbury”) and Penn Virginia Corporation (PVAC) (“Penn Virginia”) today announced the filing of a registration statement on Form S-4 containing a joint proxy statement/prospectus with the Securities and Exchange Commission (“SEC”) in connection with Denbury’s proposed acquisition of Penn Virginia. The joint proxy statement outlines the strategic rationale and merits of the combination as well as the comprehensive and robust process undertaken by both companies and Boards of Directors in reaching their recommendations for the proposed transaction. While the registration statement and proxy have not yet become effective and the information contained therein is subject to change, it provides important information about the transaction.
Hedge funds and other investment firms run by legendary investors like Israel Englander and Ray Dalio are entrusted to manage billions of dollars of accredited investors’ money because they are without peer in the resources they use to identify the best investments for their chosen investment horizon. Moreover, they are more willing to invest a […]
NEW YORK, NY / ACCESSWIRE / December 7, 2018 / Juan Monteverde, founder and managing partner at Monteverde & Associates PC, a national securities firm headquartered at the Empire State Building in New York City, is investigating the Board of Directors of Penn Virginia Corporation ("Penn Virginia" or the "Company") (NASDAQ: PVAC) for possible breaches of fiduciary duty related to the sale of the company to Denbury Resources, Inc. (NYSE: DNR). The investigation focuses on whether Penn Virginia and its Board of Directors violated securities laws and/or breached their fiduciary duties to the Company's stockholders by 1) failing to conduct a fair process, 2) whether and by how much this proposed transaction undervalues the Company by and 3) failing to disclose all material financial information in connection with the upcoming shareholder meeting.
KSF is seeking to determine whether this consideration and the process that led to it are adequate, or whether the consideration undervalues the Company. If you believe that this transaction undervalues the Company and/or if you would like to discuss your legal rights regarding the proposed sale, you may, without obligation or cost to you, e-mail or call KSF Managing Partner Lewis S. Kahn (firstname.lastname@example.org) toll free at any time at 855-768-1857, or visit https://www.ksfcounsel.com/cases/nasdaqgs-pvac/ to learn more. To learn more about KSF, whose partners include the Former Louisiana Attorney General, visit www.ksfcounsel.com.