Penn Virginia Corporation, an independent oil and gas company, engages in the exploration, development, and production of crude oil, natural gas liquids, and natural gas in various onshore regions of the United States. The company primarily operates wells in the Eagle Ford Shale field in South Texas. It also has operations in the Granite Wash in Oklahoma. The company was founded in 1882 and is based in Radnor, Pennsylvania.
PVAC Price Forecast Based on DCF Valuation
DCF Fair Value Target:
We started the process of determining a valid price forecast for Penn Virginia Corp with a discounted cash flow analysis -- the results of which can be found in the table below. To summarize, we found that Penn Virginia Corp ranked in the 91th percentile in terms of potential gain offered. Specifically, our DCF analysis implies the stock is trading below its fair value by an estimated 1819.67%. In terms of the factors that were most noteworthy in this DCF analysis for PVAC, they are:
25% of the company's capital comes from equity, which is greater than merely 6.94% of stocks in our cash flow based forecasting set.
Penn Virginia Corp's effective tax rate, as measured by taxes paid relative to net income, is at 1 -- greater than merely 24.83% of US stocks with positive free cash flow.
The weighted average cost of capital for the company is 17. This value is greater than 85.31% stocks in the Energy sector that generate free cash flow.
Terminal Growth Rate in Free Cash Flow
Return Relative to Current Share Price
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\---Transaction Materially Strengthens Balance Sheet ---HOUSTON, Jan. 13, 2021 (GLOBE NEWSWIRE) -- Penn Virginia Corporation ("Penn Virginia" or the "Company") (NASDAQ:PVAC) and certain affiliates of Juniper Capital Advisors, L.P. ("Juniper") today announced the shareholders of Penn Virginia voted in favor of all proposals associated with Juniper's strategic investment in Penn Virginia. The transaction is expected to close on January 15, 2021. At the special meeting of Penn Virginia shareholders held today, more than 77 percent of the votes cast were in favor of the transaction. "We are pleased with the strong support we received from our shareholders," said Darrin Henke, Penn Virginia's President and Chief Executive Officer. "These strategic transactions will significantly strengthen ...
HOUSTON, Jan. 05, 2021 (GLOBE NEWSWIRE) -- Penn Virginia Corporation (“Penn Virginia” or the “Company”) (NASDAQ:PVAC) today announced the departure of Benjamin A. Mathis, Senior Vice President, Operations & Engineering, effective January 4, 2021. “On behalf of the entire Company, we want to thank Ben for his years of hard work and commitment to Penn Virginia,” said Darrin Henke, President and Chief Executive Officer of Penn Virginia. “He has taken Penn Virginia’s drilling and completion program to the next level and positioned us well for the future. He has been a tremendous asset to Penn Virginia, and we wish him the best in his future endeavors.”Separately, the Company also announced that it had appointed Julia Gwaltney as its new Senior Vice President, Development, effective January...
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