MUN:PVAE

Stock Analysis Report

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

Fundamentals

High growth potential and fair value.

Risks

  • Penn Virginia is covered by less than 3 analysts.

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


Market Performance


7 Day Return

0%

MUN:PVAE

-0.09%

DE Oil and Gas

0.2%

DE Market


1 Year Return

167.6%

MUN:PVAE

16.1%

DE Oil and Gas

-10.9%

DE Market

PVAE outperformed the Oil and Gas industry which returned -33.3% over the past year.

PVAE outperformed the Market in Germany which returned -13.6% over the past year.


Share holder returns

PVAEIndustryMarket
7 Day0%-0.09%0.2%
30 Day0%0.4%-2.5%
90 Day0.09%8.2%-2.0%
1 Year167.6%167.6%21.7%16.1%-8.1%-10.9%
3 Yearn/a35.2%21.7%19.2%8.9%
5 Yearn/a99.8%72.3%23.5%6.3%

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 based on future cash flows and its price relative to the stock market?

45%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

Penn Virginia's share price is below the future cash flow value, and at a moderate discount (> 20%).

Penn Virginia's share price is below the future cash flow value, and at a substantial discount (> 40%).


Price Based on Earnings

Penn Virginia is overvalued based on earnings compared to the DE Oil and Gas industry average.

Penn Virginia is overvalued based on earnings compared to the Germany market.


Price Based on Expected Growth

Penn Virginia is good value based on expected growth next year.


Price Based on Value of Assets

Penn Virginia is overvalued based on assets compared to the DE Oil and Gas industry average.


Next Steps

Future Growth

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

146.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Penn Virginia's revenue is expected to grow significantly at over 20% yearly.

Penn Virginia's earnings are expected to grow significantly at over 20% yearly.

Penn Virginia's revenue growth is expected to exceed the Germany market average.

Penn Virginia's earnings growth is expected to exceed the Germany market average.

Penn Virginia's earnings growth is expected to exceed the low risk savings rate of 0.5%.


Earnings per Share Growth Estimates


Future Return on Equity

Unable to establish if Penn Virginia will efficiently use shareholders’ funds in the future without estimates of Return on Equity.


Next Steps

Past Performance

How has Penn Virginia performed over the past 5 years?

25.0%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Penn Virginia has delivered over 20% year on year earnings growth in the past 5 years.

Penn Virginia's 1-year earnings growth is negative, it can't be compared to the 5-year average.

Penn Virginia's 1-year earnings growth is negative, it can't be compared to the Europe Oil and Gas industry average.


Return on Equity

Penn Virginia has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Penn Virginia used its assets less efficiently than the DE Oil and Gas industry average last year based on Return on Assets.


Return on Capital Employed

Penn Virginia has become profitable over the past 3 years. This is considered to be a significant improvement in its use of capital (Return on Capital Employed).


Next Steps

Financial Health

How is Penn Virginia's financial position?


Financial Position Analysis

Penn Virginia's short term (1 year) commitments are greater than its holdings of cash and other short term assets.

Penn Virginia's long term commitments exceed its cash and other short term assets.


Debt to Equity History and Analysis

Penn Virginia's level of debt (192.1%) compared to net worth is high (greater than 40%).

The level of debt compared to net worth has increased over the past 5 years (151.3% vs 192.1% today).

Debt is well covered by operating cash flow (47.5%, greater than 20% of total debt).

Interest payments on debt are not well covered by earnings (EBIT is 1.4x annual interest expense, ideally 3x coverage).


Balance Sheet

High level of physical assets or inventory.

Debt is not covered by short term assets, assets are 0.2x debt.


Next Steps

Dividend

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


Dividend Yield and Payments Analysis

Unable to evaluate Penn Virginia's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.

Unable to evaluate Penn Virginia's dividend against the top 25% market benchmark as the company has not reported any payouts.

Unable to perform a dividend volatility check as Penn Virginia has not reported any payouts.

Unable to verify if Penn Virginia's dividend has been increasing as the company has not reported any payouts.


Current Payout to Shareholders

Unable to calculate sustainability of dividends as Penn Virginia has not reported any payouts.


Future Payout to Shareholders

Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.


Next Steps

Management

What is the CEO of Penn Virginia's salary, the management and board of directors tenure and is there insider trading?

1.8yrs

Average management tenure


CEO

John Brooks (56yo)

1.3yrs

Tenure

US$5,126,059

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

John's remuneration is higher than average for companies of similar size in Germany.

John's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.


Management Age and Tenure

1.8yrs

Average Tenure

51yo

Average Age

The average tenure for the Penn Virginia management team is less than 2 years, this suggests a new team.


Board Age and Tenure

0.9yrs

Average Tenure

54yo

Average Age

The average tenure for the Penn Virginia board of directors is less than 3 years, this suggests a new board.


Insider Trading

No 3 month insider trading information.


Recent Insider Transactions

Sell€17,807,80413 Feb 19
Contrarian Capital Management, L.L.C.
EntityCompany
Shares261,513
Max Price€71.02
Buy€1,456,97503 Jan 19
Mangrove Partners
EntityCompany
Shares30,000
Max Price€48.57
Buy€2,687,15130 Nov 18
Mangrove Partners
EntityCompany
Shares52,500
Max Price€51.18
Buy€3,344,26828 Nov 18
Mangrove Partners
EntityCompany
Shares67,500
Max Price€49.77

Ownership Breakdown


Management Team

  • Nancy Snyder (64yo)

    Consultant

    • Tenure: 2.2yrs
    • Compensation: $851.90k
  • Steve Hartman (51yo)

    Senior VP

    • Tenure: 8.0yrs
    • Compensation: $1.05m
  • Steve Milbourne

    Director

  • John Brooks (56yo)

    President

    • Tenure: 1.3yrs
    • Compensation: $5.13m
  • R. Bullock (45yo)

    Chief Restructuring Officer

  • Tammy Hinkle

    VP, Controller & Principal Accounting Officer

  • Katherine Ryan

    Corporate Secretary

  • Benjamin Mathis (47yo)

    Senior Vice President of Operations & Engineering

    • Tenure: 1.3yrs

Board Members

  • Darin Holderness (54yo)

    Non-Executive Co-Chairman

    • Tenure: 0.8yrs
    • Compensation: $75.00k
  • Jerry Schuyler (63yo)

    Director

    • Tenure: 2.2yrs
    • Compensation: $75.00k
  • John Brooks (56yo)

    President

    • Tenure: 1.3yrs
    • Compensation: $5.13m
  • David Geenberg (34yo)

    Non-Executive Co-Chairman

    • Tenure: 0.8yrs
  • Michael Hanna (38yo)

    Independent Director

    • Tenure: 0.9yrs
  • V. Pottow

    Director

    • Tenure: 0.3yrs

Company Information

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


Key Information

  • Name: Penn Virginia Corporation
  • Ticker: PVAE
  • Exchange: MUN
  • Founded: 1882
  • Industry: oil and gas exploration and production
  • Sector: energy
  • Market Cap: US$876.540m
  • Listing Market Cap: US$774.160m
  • Shares outstanding: 15.07m
  • Website: Click here

Number of Employees


Location

  • Penn Virginia Corporation
  • 14701 St. Mary’s Lane
  • Suite 275
  • Houston
  • Texas
  • 77079
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
PVACNasdaqGS (Nasdaq Global Select)YesNew Common StockUSUSDJan 1970
PVAEMUN (Boerse Muenchen)YesNew Common StockDEEURJan 1970

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 Analysis2018/12/02 19:27
End of Day Share Price2018/09/04 00:00
Earnings2018/09/30
Annual Earnings2017/12/31


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.