DB:PVAE

Stock Analysis Report

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Executive Summary

Penn Virginia Corporation, an independent oil and gas company, engages in the onshore exploration, development, and production of crude oil, natural gas liquids, and natural gas in the United States.


Snowflake Analysis

Solid track record with adequate balance sheet.


Similar Companies

Share Price & News

How has Penn Virginia's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: PVAE's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-12.6%

PVAE

-2.9%

DE Oil and Gas

-1.6%

DE Market


1 Year Return

-69.6%

PVAE

44.3%

DE Oil and Gas

8.3%

DE Market

Return vs Industry: PVAE underperformed the German Oil and Gas industry which returned 44.3% over the past year.

Return vs Market: PVAE underperformed the German Market which returned 8.3% over the past year.


Shareholder returns

PVAEIndustryMarket
7 Day-12.6%-2.9%-1.6%
30 Day-1.2%-1.1%0.2%
90 Day59.0%24.6%12.8%
1 Year-69.6%-69.6%47.9%44.3%10.7%8.3%
3 Yearn/a14.6%4.3%3.8%-4.5%
5 Yearn/a145.2%109.0%9.6%-5.2%

Price Volatility Vs. Market

How volatile is Penn Virginia's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Penn Virginia undervalued compared to its fair value and its price relative to the market?

0.61x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: PVAE (€8.35) is trading above our estimate of fair value (€2.98)

Significantly Below Fair Value: PVAE is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: PVAE is good value based on its PE Ratio (0.6x) compared to the XE Oil and Gas industry average (8x).

PE vs Market: PVAE is good value based on its PE Ratio (0.6x) compared to the German market (20.9x).


Price to Earnings Growth Ratio

PEG Ratio: PVAE's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: PVAE is good value based on its PB Ratio (0.2x) compared to the DE Oil and Gas industry average (1.2x).


Next Steps

Future Growth

How is Penn Virginia forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?

-106.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: PVAE's earnings are forecast to decline over the next 3 years (-106.2% per year).

Earnings vs Market: PVAE's earnings are forecast to decline over the next 3 years (-106.2% per year).

High Growth Earnings: PVAE's earnings are forecast to decline over the next 3 years.

Revenue vs Market: PVAE's revenue is expected to decline over the next 3 years (-21.2% per year).

High Growth Revenue: PVAE's revenue is forecast to decline over the next 3 years (-21.2% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if PVAE's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Penn Virginia performed over the past 5 years?

44.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: PVAE has a high level of non-cash earnings.

Growing Profit Margin: PVAE's current net profit margins (62.4%) are higher than last year (39.4%).


Past Earnings Growth Analysis

Earnings Trend: PVAE has become profitable over the past 5 years, growing earnings by 44.9% per year.

Accelerating Growth: PVAE's earnings growth over the past year (54.4%) exceeds its 5-year average (44.9% per year).

Earnings vs Industry: PVAE earnings growth over the past year (54.4%) exceeded the Oil and Gas industry -15.8%.


Return on Equity

High ROE: PVAE's Return on Equity (39.8%) is considered high.


Next Steps

Financial Health

How is Penn Virginia's financial position?


Financial Position Analysis

Short Term Liabilities: PVAE's short term assets ($330.7M) exceed its short term liabilities ($209.0M).

Long Term Liabilities: PVAE's short term assets ($330.7M) do not cover its long term liabilities ($615.7M).


Debt to Equity History and Analysis

Debt Level: PVAE's debt to equity ratio (87.6%) is considered high.

Reducing Debt: PVAE's debt to equity ratio has reduced from 198.3% to 87.6% over the past 5 years.

Debt Coverage: PVAE's debt is well covered by operating cash flow (54%).

Interest Coverage: PVAE's interest payments on its debt are well covered by EBIT (7.7x coverage).


Balance Sheet


Next Steps

Dividend

What is Penn Virginia current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate PVAE's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate PVAE's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if PVAE's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if PVAE's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of PVAE's dividend in 3 years as they are not forecast to pay a notable one for the German market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

2.9yrs

Average management tenure


CEO

John Brooks (58 yo)

3yrs

Tenure

US$882,720

Compensation

Mr. John A. Brooks has been the Chief Executive Officer, President and Director at Penn Virginia Corporation since August 15, 2017. Mr. Brooks had previously served in several management roles for Penn Vir ...


CEO Compensation Analysis

Compensation vs Market: John's total compensation ($USD882.72K) is about average for companies of similar size in the German market ($USD755.31K).

Compensation vs Earnings: John's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
John Brooks
President3yrsUS$882.72k0.11%
$ 135.5k
Russell Kelley
Senior VP0.75yrUS$1.05m0.26%
$ 328.8k
Benjamin Mathis
Senior Vice President of Operations & Engineering2.92yrsUS$668.33k0.045%
$ 57.8k
Tammy Hinkle
VP, Controller & Principal Accounting Officerno datano data0.080%
$ 103.1k
Clay Jeansonne
Director of Investor Relations2.25yrsno datano data
Katherine Ryan
Corporate Secretaryno datano datano data
Jill Zivley
Vice President of Land & Marketingno datano datano data
Nancy Snyder
Consultant3.83yrsUS$851.90kno data

2.9yrs

Average Tenure

53.5yo

Average Age

Experienced Management: PVAE's management team is considered experienced (2.9 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
John Brooks
President3yrsUS$882.72k0.11%
$ 135.5k
Darin Holderness
Independent Non-Executive Chairman1.33yrsUS$188.50k0.089%
$ 114.4k
Jeffrey Wojahn
Independent Director0.92yrUS$56.15k0.042%
$ 53.8k
Tiffany Thom Cepak
Independent Director0.92yrUS$58.12k0.042%
$ 53.8k

1.1yrs

Average Tenure

56.5yo

Average Age

Experienced Board: PVAE's board of directors are not considered experienced ( 1.1 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Penn Virginia Corporation's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Penn Virginia Corporation
  • Ticker: PVAE
  • Exchange: DB
  • Founded: 1882
  • Industry: Oil and Gas Exploration and Production
  • Sector: Energy
  • Market Cap: US$151.276m
  • Listing Market Cap: US$128.524m
  • Shares outstanding: 15.16m
  • Website: https://www.pennvirginia.com

Number of Employees


Location

  • Penn Virginia Corporation
  • 16285 Park Ten Place
  • Suite 500
  • Houston
  • Texas
  • 77084
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
PVACNasdaqGS (Nasdaq Global Select)YesNew Common StockUSUSDNov 2016
PVAEDB (Deutsche Boerse AG)YesNew Common StockDEEURNov 2016

Biography

Penn Virginia Corporation, an independent oil and gas company, engages in the onshore exploration, development, and production of crude oil, natural gas liquids, and natural gas in the United States. It pr ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/08/04 21:53
End of Day Share Price2020/08/04 00:00
Earnings2020/03/31
Annual Earnings2019/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.