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Penn Virginia

Nasdaq:PVAC
Snowflake Description

Undervalued with proven track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
PVAC
Nasdaq
$495M
Market Cap
  1. Home
  2. US
  3. Energy
Company description

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. The last earnings update was 14 days ago. More info.


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  • Penn Virginia has significant price volatility in the past 3 months.
PVAC Share Price and Events
7 Day Returns
-14.3%
NasdaqGS:PVAC
0.3%
US Oil and Gas
0.2%
US Market
1 Year Returns
-47.2%
NasdaqGS:PVAC
-15.4%
US Oil and Gas
2.9%
US Market
PVAC Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Penn Virginia (PVAC) -14.3% -29.1% -41.8% -47.2% - -
US Oil and Gas 0.3% -5.9% -0.9% -15.4% -1.6% -32.5%
US Market 0.2% -1.6% 2.4% 2.9% 36.1% 41%
1 Year Return vs Industry and Market
  • PVAC underperformed the Oil and Gas industry which returned -15.4% over the past year.
  • PVAC underperformed the Market in United States of America which returned 2.9% over the past year.
Price Volatility
PVAC
Industry
5yr Volatility vs Market

PVAC Value

 Is Penn Virginia undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Penn Virginia to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Penn Virginia.

NasdaqGS:PVAC Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 2 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 11.3%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NasdaqGS:PVAC
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Oil and Gas Unlevered Beta Simply Wall St/ S&P Global 0.9
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.902 (1 + (1- 21%) (104.85%))
1.435
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.44
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.435 * 5.96%)
11.28%

Discounted Cash Flow Calculation for NasdaqGS:PVAC using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Penn Virginia is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

NasdaqGS:PVAC DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 11.28%)
2019 -18.10 Analyst x3 -16.26
2020 49.92 Analyst x3 40.31
2021 147.00 Analyst x1 106.67
2022 249.73 Est @ 69.88% 162.84
2023 373.94 Est @ 49.74% 219.11
2024 507.19 Est @ 35.64% 267.06
2025 637.86 Est @ 25.76% 301.81
2026 758.12 Est @ 18.85% 322.34
2027 864.38 Est @ 14.02% 330.26
2028 956.27 Est @ 10.63% 328.33
Present value of next 10 years cash flows $2,062.46
NasdaqGS:PVAC DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $956.27 × (1 + 2.73%) ÷ (11.28% – 2.73%)
$11,486.16
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $11,486.16 ÷ (1 + 11.28%)10
$3,943.65
NasdaqGS:PVAC Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $2,062.46 + $3,943.65
$6,006.11
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $6,006.11 / 15.11
$397.61
NasdaqGS:PVAC Discount to Share Price
Calculation Result
Value per share (USD) From above. $397.61
Current discount Discount to share price of $32.75
= -1 x ($32.75 - $397.61) / $397.61
91.8%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Penn Virginia is available for.
Intrinsic value
>50%
Share price is $32.75 vs Future cash flow value of $397.61
Current Discount Checks
For Penn Virginia to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • 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 RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Penn Virginia's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Penn Virginia's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqGS:PVAC PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $11.66
NasdaqGS:PVAC Share Price ** NasdaqGS (2019-05-23) in USD $32.75
United States of America Oil and Gas Industry PE Ratio Median Figure of 101 Publicly-Listed Oil and Gas Companies 13.71x
United States of America Market PE Ratio Median Figure of 3,085 Publicly-Listed Companies 17.79x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Penn Virginia.

NasdaqGS:PVAC PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGS:PVAC Share Price ÷ EPS (both in USD)

= 32.75 ÷ 11.66

2.81x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Penn Virginia is good value based on earnings compared to the US Oil and Gas industry average.
  • Penn Virginia is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does Penn Virginia's expected growth come at a high price?
Raw Data
NasdaqGS:PVAC PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 2.81x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
12.2%per year
United States of America Oil and Gas Industry PEG Ratio Median Figure of 76 Publicly-Listed Oil and Gas Companies 0.49x
United States of America Market PEG Ratio Median Figure of 2,123 Publicly-Listed Companies 1.54x

*Line of best fit is calculated by linear regression .

NasdaqGS:PVAC PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 2.81x ÷ 12.2%

0.23x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Penn Virginia is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Penn Virginia's assets?
Raw Data
NasdaqGS:PVAC PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $27.07
NasdaqGS:PVAC Share Price * NasdaqGS (2019-05-23) in USD $32.75
United States of America Oil and Gas Industry PB Ratio Median Figure of 195 Publicly-Listed Oil and Gas Companies 1.14x
United States of America Market PB Ratio Median Figure of 5,201 Publicly-Listed Companies 1.84x
NasdaqGS:PVAC PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGS:PVAC Share Price ÷ Book Value per Share (both in USD)

= 32.75 ÷ 27.07

1.21x

* Primary Listing of Penn Virginia.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Penn Virginia is overvalued based on assets compared to the US Oil and Gas industry average.
X
Value checks
We assess Penn Virginia's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Oil and Gas industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Oil and Gas industry average (and greater than 0)? (1 check)
  5. Penn Virginia has a total score of 5/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

PVAC Future Performance

 How is Penn Virginia expected to perform in the next 1 to 3 years based on estimates from 2 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
12.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Penn Virginia expected to grow at an attractive rate?
  • Penn Virginia's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Penn Virginia's earnings growth is positive but not above the United States of America market average.
  • Penn Virginia's revenue growth is expected to exceed the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NasdaqGS:PVAC Future Growth Rates Data Sources
Data Point Source Value (per year)
NasdaqGS:PVAC Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts 12.2%
NasdaqGS:PVAC Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts 11.4%
United States of America Oil and Gas Industry Earnings Growth Rate Market Cap Weighted Average 12.7%
United States of America Oil and Gas Industry Revenue Growth Rate Market Cap Weighted Average 4.6%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.7%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.3%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NasdaqGS:PVAC Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqGS:PVAC Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 391
2020-12-31 549 375 166 2
2019-12-31 498 332 70 2
NasdaqGS:PVAC Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 447 303 176
2018-12-31 420 272 225
2018-09-30 353 224 13
2018-06-30 264 166 -9
2018-03-31 193 111 15
2017-12-31 153 82 33
2017-09-30 132 77 42
2017-06-30 130 51 1,199
2017-03-31 130 42 1,108
2016-12-31 128 61 1,043
2016-09-30 139 41 -431
2016-06-30 167 117 -1,563

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Penn Virginia's earnings are expected to grow by 12.2% yearly, however this is not considered high growth (20% yearly).
  • Penn Virginia's revenue is expected to grow by 11.4% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NasdaqGS:PVAC Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below

All data from Penn Virginia Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:PVAC Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31
2020-12-31 10.88 11.50 10.26 2.00
2019-12-31 7.00 10.27 3.72 2.00
NasdaqGS:PVAC Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 11.66
2018-12-31 14.93
2018-09-30 0.88
2018-06-30 -0.60
2018-03-31 0.99
2017-12-31 2.18
2017-09-30 2.79
2017-06-30 40.23
2017-03-31 22.93
2016-12-31 15.79
2016-09-30 -5.28
2016-06-30 -19.24

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Penn Virginia will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Penn Virginia's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Penn Virginia has a total score of 2/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

PVAC Past Performance

  How has Penn Virginia performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Penn Virginia's growth in the last year to its industry (Oil and Gas).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Penn Virginia has delivered over 20% year on year earnings growth in the past 5 years.
  • Penn Virginia's 1-year earnings growth exceeds its 5-year average (1081.7% vs 33%)
  • Penn Virginia's earnings growth has exceeded the US Oil and Gas industry average in the past year (1081.7% vs 31.8%).
Earnings and Revenue History
Penn Virginia's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Penn Virginia Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:PVAC Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 447.14 175.79 28.21
2018-12-31 420.39 224.79 21.85
2018-09-30 352.64 13.25 20.85
2018-06-30 264.39 -8.97 20.17
2018-03-31 192.82 14.88 18.54
2017-12-31 152.56 32.66 16.88
2017-09-30 131.98 41.61 12.97
2017-06-30 130.08 1,199.46 17.81
2017-03-31 130.42 1,108.04 26.05
2016-12-31 127.61 1,043.33 28.53
2016-09-30 139.12 -431.10 34.77
2016-06-30 166.57 -1,563.03 34.83
2016-03-31 211.25 -1,579.14 37.56
2015-12-31 252.17 -1,605.75 48.77
2015-09-30 311.14 -553.22 51.75
2015-06-30 394.66 -492.06 54.61
2015-03-31 454.34 -511.73 57.03
2014-12-31 493.44 -431.00 64.32
2014-09-30 531.19 -11.31 72.04
2014-06-30 511.11 -193.07 75.16
2014-03-31 481.10 -114.36 79.17
2013-12-31 430.13 -149.97 71.30
2013-09-30 391.83 -202.02 72.47
2013-06-30 346.16 -134.01 75.63
2013-03-31 313.53 -112.49 75.80
2012-12-31 313.44 -106.28 78.71
2012-09-30 313.95 -78.09 80.27
2012-06-30 321.11 -52.19 91.19

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Whilst Penn Virginia made outstanding use of shareholders’ funds last year (Return on Equity greater than 40%), this is metric is skewed due to its high level of debt.
  • Penn Virginia used its assets more efficiently than the US Oil and Gas industry average last year based on Return on Assets.
  • Unable to establish if Penn Virginia improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
X
Past performance checks
We assess Penn Virginia's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Oil and Gas industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Penn Virginia has a total score of 4/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

PVAC Health

 How is Penn Virginia's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Penn Virginia's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • 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.
Balance sheet
This treemap shows a more detailed breakdown of Penn Virginia's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.2x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Penn Virginia Company Filings, last reported 1 month ago.

NasdaqGS:PVAC Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 408.94 518.72 4.66
2018-12-31 447.36 511.38 17.86
2018-09-30 245.91 472.34 8.01
2018-06-30 228.61 432.82 11.52
2018-03-31 230.26 383.77 7.32
2017-12-31 221.64 265.27 11.02
2017-09-30 231.76 245.06 7.49
2017-06-30 236.70 37.00 10.11
2017-03-31 214.79 30.00 3.13
2016-12-31 185.55 25.00 6.76
2016-09-30 187.45 54.35 13.99
2016-06-30 -1,014.53 1,187.55 39.00
2016-03-31 -949.22 1,202.49 26.53
2015-12-31 -915.12 1,224.38 11.96
2015-09-30 555.07 1,193.36 3.34
2015-06-30 527.92 1,264.36 4.44
2015-03-31 613.56 1,211.91 3.86
2014-12-31 675.82 1,085.43 6.25
2014-09-30 1,098.67 1,075.00 123.69
2014-06-30 1,016.39 1,130.00 25.10
2014-03-31 808.24 1,265.00 9.55
2013-12-31 788.80 1,281.00 23.47
2013-09-30 795.78 1,203.00 38.32
2013-06-30 895.39 1,142.00 19.09
2013-03-31 877.69 633.08 14.42
2012-12-31 895.12 594.76 17.65
2012-09-30 795.28 676.33 5.03
2012-06-30 826.59 778.98 11.53
  • Penn Virginia's level of debt (126.8%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (155.9% vs 126.8% today).
  • Debt is well covered by operating cash flow (58.4%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 6.6x coverage).
X
Financial health checks
We assess Penn Virginia's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Penn Virginia has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

PVAC Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Penn Virginia dividends.
If you bought $2,000 of Penn Virginia shares you are expected to receive $0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • 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.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NasdaqGS:PVAC Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
United States of America Oil and Gas Industry Average Dividend Yield Market Cap Weighted Average of 66 Stocks 3.7%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2005 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NasdaqGS:PVAC Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2021-12-31
2020-12-31
2019-12-31

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • 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
What portion of Penn Virginia's earnings are paid to the shareholders as a dividend.
  • 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.
X
Income/ dividend checks
We assess Penn Virginia's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Penn Virginia afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Penn Virginia has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

PVAC Management

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

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
John Brooks
COMPENSATION $867,985
AGE 56
TENURE AS CEO 1.8 years
CEO Bio

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 Virginia, including as Interim Principal Executive Officer of Penn Virginia Corporation from September 2016 to August 2017, as Executive Vice President and Chief Operating Officer from January 2014 to August 2017, as Penn Virginia Corporation’s Executive Vice President, Operations from February 2013 to January 2014, Senior Vice President from February 2012 to February 2013 and Vice President from May 2008 to February 2012 and as Penn Virginia Oil & Gas Corporation’s Vice President and Regional Manager from October 2007 to February 2012, Operations Manager from January 2005 to October 2007 and Drilling Manager from February 2002 to January 2005. Mr. Brooks received his B.S. in Petroleum Engineering from the University of Texas at Austin in 1984.

CEO Compensation
  • John's compensation has been consistent with company performance over the past year, both up more than 20%.
  • John's remuneration is lower than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Penn Virginia management team in years:

2.2
Average Tenure
53.5
Average Age
  • The tenure for the Penn Virginia management team is about average.
Management Team

John Brooks

TITLE
President
COMPENSATION
$868K
AGE
56
TENURE
1.8 yrs

Steve Hartman

TITLE
Senior VP
COMPENSATION
$529K
AGE
51
TENURE
8.4 yrs

Benjamin Mathis

TITLE
Senior Vice President of Operations & Engineering
COMPENSATION
$1M
AGE
47
TENURE
1.7 yrs

Tammy Hinkle

TITLE
VP, Controller & Principal Accounting Officer

Steve Milbourne

TITLE
Director

Katherine Ryan

TITLE
Corporate Secretary

Jill Zivley

TITLE
Vice President of Land & Marketing

Nancy Snyder

TITLE
Consultant
COMPENSATION
$852K
AGE
64
TENURE
2.6 yrs
Board of Directors Tenure

Average tenure and age of the Penn Virginia board of directors in years:

1
Average Tenure
54
Average Age
  • The average tenure for the Penn Virginia board of directors is less than 3 years, this suggests a new board.
Board of Directors

Darin Holderness

TITLE
Non-Executive Chairman
COMPENSATION
$172K
AGE
54
TENURE
0.1 yrs

John Brooks

TITLE
President
COMPENSATION
$868K
AGE
56
TENURE
1.8 yrs

Jerry Schuyler

TITLE
Director
COMPENSATION
$85K
AGE
63
TENURE
2.6 yrs

V. Pottow

TITLE
Director
COMPENSATION
$177K
AGE
54
TENURE
0.7 yrs

Michael Hannah

TITLE
Independent Director
AGE
37
TENURE
1.3 yrs

Brian Steck

TITLE
Director
AGE
51
TENURE
0.1 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
13. Feb 19 Sell Contrarian Capital Management, L.L.C. Company 09. May 18 20. Jun 18 -261,513 $82.24 $-20,620,431
03. Jan 19 Buy Mangrove Partners Company 03. Jan 19 03. Jan 19 30,000 $55.40 $1,661,886
30. Nov 18 Buy Mangrove Partners Company 28. Nov 18 28. Nov 18 52,500 $57.75 $3,031,875
28. Nov 18 Buy Mangrove Partners Company 26. Nov 18 27. Nov 18 67,500 $56.20 $3,776,700
X
Management checks
We assess Penn Virginia's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Penn Virginia has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

PVAC News

Simply Wall St News

Should You Be Concerned About Penn Virginia Corporation's (NASDAQ:PVAC) ROE?

Penn Virginia has a ROE of 5.4%, based on the last twelve months. … One way to conceptualize this, is that for each $1 of shareholders' equity it has, the company made $0.054 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

PVAC Company Info

Description

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 primarily operates wells in the Eagle Ford Shale field in South Texas. As of December 31, 2018, it had total proved reserves of approximately 123 million barrels of oil equivalent; and 460 gross productive wells, as well as owned approximately 98,200 gross acres of leasehold and royalty interests. Penn Virginia Corporation was founded in 1882 and is headquartered in Houston, Texas.

Details
Name: Penn Virginia Corporation
PVAC
Exchange: NasdaqGS
Founded: 1882
$494,710,561
15,105,666
Website: http://www.pennvirginia.com
Address: Penn Virginia Corporation
16285 Park Ten Place,
Suite 500,
Houston,
Texas, 77084,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGS PVAC New Common Stock Nasdaq Global Select US USD 14. Nov 2016
DB PVAE New Common Stock Deutsche Boerse AG DE EUR 14. Nov 2016
MUN PVAE New Common Stock Boerse Muenchen DE EUR 14. Nov 2016
Number of employees
Current staff
Staff numbers
95
Penn Virginia employees.
Industry
Oil and Gas Exploration and Production
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/24 00:47
End of day share price update: 2019/05/23 00:00
Last estimates confirmation: 2019/05/23
Last earnings filing: 2019/05/10
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.