About Parsley Energy
Parsley Energy, Inc. is an independent oil and natural gas company. The Company is focused on the acquisition, development and exploitation of unconventional oil and natural gas reserves in the Permian Basin. The Permian Basin is located in West Texas and Southeastern New Mexico and comprises over three primary sub-areas: the Midland Basin, the Central Basin Platform and the Delaware Basin. The Company's properties are primarily located in the Midland and Delaware Basins and its activities have been focused on the vertical development of the Spraberry, Wolfberry and Wolftoka Trends of the Midland Basin. The Company's vertical wells in the Permian Basin are drilled into stacked pay zones that include the Spraberry, Wolfcamp, Upper Pennsylvanian (Cline), Strawn, Atoka and Mississippian formations. The Company splits its assets into over four areas, including the Midland Basin-Core, Midland Basin-Tier I, Midland Basin-Other and Southern Delaware Basin.
Industry, Sector and Symbol:
- Sector: Oils/Energy
- Industry: Independent Oil & Gas
- Sub-Industry: N/A
- Exchange: NYSE
- Symbol: PE
- Previous Close: $29.49
- 50 Day Moving Average: $34.51
- 200 Day Moving Average: $34.60
- 52-Week Range: $17.94 - $39.82
- Trailing P/E Ratio: N/A
- Foreward P/E Ratio: 58.98
- P/E Growth: 8.32
- Market Cap: $5.30B
- Outstanding Shares: 179,590,000
- Beta: 0.06
- Net Margins: -15.86%
- Return on Equity: 0.24%
- Return on Assets: 0.16%
Companies Related to Parsley Energy:
- Debt-to-Equity Ratio: 0.38%
- Current Ratio: 3.20%
- Quick Ratio: 3.20%
What is Parsley Energy's stock symbol?
Parsley Energy trades on the New York Stock Exchange (NYSE) under the ticker symbol "PE."
Where is Parsley Energy's stock going? Where will Parsley Energy's stock price be in 2017?
29 brokerages have issued 1 year price objectives for Parsley Energy's stock. Their forecasts range from $17.00 to $57.00. On average, they anticipate Parsley Energy's stock price to reach $36.88 in the next year.
When will Parsley Energy announce their earnings?
Parsley Energy is scheduled to release their next quarterly earnings announcement on Tuesday, May, 2nd 2017.
What are analysts saying about Parsley Energy stock?
Here are some recent quotes from research analysts about Parsley Energy stock:
- KLR Group analysts commented, "We are increasing our price target by $1 to $57 per share due to the acquisition of Double Eagle Energy and the subsequent acceleration of our drilling tempo forecast partly offset by the equity issuance and higher G&A. PE is acquiring Double Eagle Energy Permian, LLC for ~$2.8 bn, comprising ~$1.4 bn in cash and ~39.4 mm shares of stock. To fund the cash portion of the acquisition, PE priced ~41.4 mm shares (includes overallotment) at $31.00 for total gross proceeds of ~$1.28 bn. Including the shares issued to Double Eagle Energy, PE shares outstanding increased ~35%. Parsley also priced $450 mm in aggregate principal amount of 5.250% senior unsecured notes due '25." (2/10/2017)
FBR & Co analysts commented, "We have updated our model for marked-to-market commodity prices and the latest operating and financial data, including the most recent acquisition and equity offering. Parsley remains one of our favorite E&Ps. We especially like its above- median performance in the Midland Basin. For the Delaware Basin assets, we see some encouraging data points with the company’s initial operated wells, but we could increase our confidence further with more data and more production history." (1/26/2017)
According to Zacks Investment Research, "Parsley Energy, Inc. is an independent oil and natural gas company. It is focused on the acquisition, development, and exploitation of unconventional oil and natural gas reserves in the Permian Basin. Parsley Energy, Inc. is headquartered in Midland, Texas. " (11/4/2016)
Imperial Capital analysts commented, "PE's activity in the Midland Basin has resulted in improving efficiencies and peer leading IRRs, while early Delaware Basin results show similar promise," analyst Kim Pacanovsky wrote in a note.Further, Pacanovsky said, "Investors should focus on companies with the lowest breakeven/highest IRRs in combination with a strong balance sheet" given the Brexit effect and volatile commodity markets."We believe Parsley Energy is among those companies," Pacanovsky highlighted.Related Link: Goldman Sachs Sees Multiple Expansion For American Electric Power CompanyParsley has a "lean" balance sheet, with $821 million of pro forma liquidity. The analyst said the company's hedging strategy protected it from the fall in crude prices, which also resulted in lower service costs."In fact, at our estimated year-over-year (yoy) crude growth of 69 percent for 2016, we believe it will far outpace its peers on oil growth. With liquidity, a low cost structure, smart hedges, and no finger on the pause button, we believe PE has all the ingredients to continue to outperform the group," (7/26/2016)
Who owns Parsley Energy stock?
Parsley Energy's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include Zimmer Partners LP (3.74%), FMR LLC (3.09%), Van ECK Associates Corp (3.03%), State Street Corp (2.24%), Westwood Holdings Group Inc. (1.01%) and Thrivent Financial for Lutherans (0.99%). Company insiders that own Parsley Energy stock include A R Alameddine, Brad C Smith, Bryan Sheffield, Colin Roberts, David Henry Smith, Hemang Desai, Matthew Gallagher, Mike Hinson, Paul Treadwell and Ryan Dalton.
Who sold Parsley Energy stock? Who is selling Parsley Energy stock?
Parsley Energy's stock was sold by a variety of institutional investors in the last quarter, including Alyeska Investment Group L.P., Two Sigma Investments LP, Dimensional Fund Advisors LP, Cardinal Capital Management LLC CT, Clough Capital Partners L P, Van ECK Associates Corp, Thrivent Financial for Lutherans and Zimmer Partners LP. Company insiders that have sold Parsley Energy stock in the last year include Brad C Smith, Bryan Sheffield, Colin Roberts, David Henry Smith, Matthew Gallagher, Mike Hinson and Ryan Dalton.
Who bought Parsley Energy stock? Who is buying Parsley Energy stock?
Parsley Energy's stock was bought by a variety of institutional investors in the last quarter, including Discovery Capital Management LLC CT, State Street Corp, Westwood Holdings Group Inc., Precocity Capital LP, Allianz Asset Management AG, Russell Investments Group Ltd., Highland Capital Management LP and Asset Management One Co. Ltd.. Company insiders that have bought Parsley Energy stock in the last two years include A R Alameddine and Hemang Desai.
How do I buy Parsley Energy stock?
Shares of Parsley Energy can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
How much does a share of Parsley Energy stock cost?
One share of Parsley Energy stock can currently be purchased for approximately $29.49.