Wednesday Jul 23
Barclays Increases Penn Virginia Price Target to $18.00
Barclays' price objective suggests a potential upside of 18.97% from the stock's previous close.
Penn Virginia: Expanding The Marl Position
Today after the market's close, Penn Virginia announced that it is acquiring ~11,660 net Eagle Ford Shale acres in Lavaca County, Texas.
Penn Virginia Corporation Announces Acquisition of Eagle Ford Shale Assets
Penn Virginia Corporation today announced that it has entered into a definitive agreement to acquire approximately 13,125 Eagle Ford Shale acres in Lavaca County, Texas for approximately $45 million, of which approximately $34 million will be paid at closing and the balance of approximately $11 million will be paid over time as a drilling carry.
Penn Virginia Corporation Schedules Conference Call for Second Quarter 2014 Results
Penn Virginia Corporation today announced that it will release its second quarter 2014 results after the market closes on Wednesday, July 30, 2014 and hold a conference call / webcast on Thursday, July 31, 2014 at 10:00 a.m. ET.
Penn Virginia: The Marl Holds Promise
Penn Virginia's weaker-than-expected Eagle Ford IP rates in Q1 were likely transitory and should not overshadow the company's continued strong success in the Upper Eagle Ford play.