Parsley Energy Company Profile (NYSE:PE)

About Parsley Energy

Parsley Energy logoParsley 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
  • CUSIP:
Key Metrics:
  • 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
Profitability:
  • Net Margins: -15.86%
  • Return on Equity: 0.24%
  • Return on Assets: 0.16%
Debt:
  • Debt-to-Equity Ratio: 0.38%
  • Current Ratio: 3.20%
  • Quick Ratio: 3.20%
Additional Links:
Companies Related to Parsley Energy:

Analyst Ratings

Consensus Ratings for Parsley Energy (NYSE:PE) (?)
Ratings Breakdown: 5 Hold Ratings, 23 Buy Ratings, 1 Strong Buy Rating
Consensus Rating:Buy (Score: 2.86)
Consensus Price Target: $36.88 (25.07% upside)

Analysts' Ratings History for Parsley Energy (NYSE:PE)
Show:
DateFirmActionRatingPrice TargetDetails
2/16/2017Barclays PLCReiterated RatingOverweight$48.00 -> $41.00View Rating Details
2/16/2017KLR GroupReiterated RatingBuy$56.00 -> $57.00View Rating Details
1/26/2017FBR & CoReiterated RatingBuy$46.00View Rating Details
1/17/2017RBC Capital MarketsBoost Price TargetOutperform$42.00 -> $45.00View Rating Details
1/17/2017Royal Bank of CanadaBoost Price TargetOutperform$42.00 -> $45.00View Rating Details
1/14/2017Canaccord GenuityReiterated RatingBuy$40.00 -> $50.00View Rating Details
12/21/2016Drexel HamiltonReiterated RatingBuy$44.00View Rating Details
11/22/2016KeyCorpBoost Price TargetOverweight$42.00 -> $44.00View Rating Details
10/12/2016MacquarieDowngradeOutperform -> Neutral$36.00 -> $38.00View Rating Details
9/26/2016NomuraReiterated RatingBuy$17.00View Rating Details
8/30/2016Morgan StanleyBoost Price TargetOverweight$48.00View Rating Details
8/29/2016Williams CapitalInitiated CoverageHold$37.00View Rating Details
8/17/2016Imperial CapitalBoost Price TargetOutperform$40.00 -> $42.00View Rating Details
8/16/2016Stifel NicolausBoost Price TargetBuy$34.00 -> $40.00View Rating Details
8/16/2016WunderlichBoost Price TargetBuy$33.00 -> $40.00View Rating Details
8/15/2016J P Morgan Chase & CoBoost Price TargetOverweight$34.00 -> $40.00View Rating Details
8/13/2016SimmonsReiterated RatingOverweight$33.00 -> $38.00View Rating Details
8/8/2016Goldman Sachs Group, Inc. (The)Boost Price TargetNeutral$25.00 -> $29.00View Rating Details
7/8/2016Piper Jaffray CompaniesInitiated CoverageOverweightView Rating Details
6/14/2016Deutsche Bank AGBoost Price TargetBuy$30.00 -> $32.00View Rating Details
6/4/2016Wells Fargo & CompanyReiterated RatingHoldView Rating Details
5/17/2016ScotiabankUpgradeOutperform$27.00 -> $29.00View Rating Details
5/16/2016Howard WeilDowngradeFocus Stock -> Sector OutperformView Rating Details
5/10/2016Credit Suisse GroupReiterated RatingBuy$28.00View Rating Details
5/5/2016Raymond James Financial, Inc.UpgradeOutperform -> Strong-Buy$31.00 -> $33.00View Rating Details
4/6/2016Northland SecuritiesBoost Price Target$23.00 -> $25.00View Rating Details
4/5/2016Cowen and CompanyBoost Price TargetMarket Perform$19.00 -> $21.00View Rating Details
4/5/2016Topeka Capital MarketsReiterated RatingBuy$26.00 -> $27.00View Rating Details
3/15/2016Clarkson CapitalUpgradeNeutral -> BuyView Rating Details
3/3/2016BMO Capital MarketsBoost Price TargetOutperform$20.00 -> $23.00View Rating Details
1/25/2016Tudor PickeringUpgradeAccumulate -> BuyView Rating Details
12/10/2015Iberia CapitalUpgradeSector Perform -> Outperform$19.00 -> $22.00View Rating Details
12/1/2015Bank of America CorpInitiated CoverageBuy$25.00View Rating Details
11/18/2015Capital One Financial CorporationBoost Price Target$25.00 -> $26.00View Rating Details
10/12/2015Oppenheimer Holdings, Inc.Reiterated RatingOutperform$23.00View Rating Details
10/2/2015Evercore ISIInitiated CoverageBuy$20.00View Rating Details
7/21/2015Seaport Global SecuritiesLower Price TargetBuy$24.00 -> $21.00View Rating Details
6/19/2015SunTrust Banks, Inc.Initiated CoverageBuy$25.00View Rating Details
(Data available from 2/24/2015 forward)

Earnings

Earnings History for Parsley Energy (NYSE:PE)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
5/2/2017        
2/23/2017Q416$0.07$0.06$158.21 million$155.99 millionViewN/AView Earnings Details
11/2/2016Q316$0.02$0.03$82.30 million$132.67 millionViewN/AView Earnings Details
5/4/2016Q116($0.09)($0.02)$75.16 million$62.30 millionViewN/AView Earnings Details
2/24/2016Q415($0.07)($0.02)$81.10 million$68.75 millionViewListenView Earnings Details
11/4/2015Q315($0.04)($0.08)$76.18 million$64.20 millionViewN/AView Earnings Details
8/11/2015Q215($0.03)($0.01)$72.25 million$77.86 millionViewListenView Earnings Details
5/12/2015Q115($0.07)$66.50 million$55.20 millionViewN/AView Earnings Details
2/26/2015Q414$0.09$0.02$88.60 million$78.20 millionViewN/AView Earnings Details
11/11/2014Q314$0.11$0.13$86.10 million$83.60 millionViewN/AView Earnings Details
8/12/2014Q214$0.09$0.14$77.10 million$82.30 millionViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Parsley Energy (NYSE:PE)
Current Year EPS Consensus Estimate: $0.12 EPS
Next Year EPS Consensus Estimate: $0.50 EPS
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20166($0.11)($0.03)($0.07)
Q2 20167($0.09)$0.01($0.03)
Q3 20167($0.04)$0.04$0.02
Q4 20168$0.00$0.09$0.05
Q1 20175$0.10$0.13$0.11
Q2 20175$0.13$0.20$0.16
Q3 20175$0.17$0.30$0.21
Q4 20175$0.20$0.41$0.27
Q1 20183$0.31$0.46$0.36
Q2 20183$0.34$0.46$0.39
Q3 20182$0.44$0.59$0.52
Q4 20182$0.48$0.73$0.61
(Data provided by Zacks Investment Research)

Dividends

Dividend History for Parsley Energy (NYSE:PE)
No dividend announcements for this company have been tracked by MarketBeat.com

Insider Trades

Insider Trading History for Parsley Energy (NYSE:PE)
Insider Ownership Percentage: 24.17%
Institutional Ownership Percentage: 77.92%
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
11/21/2016Mike HinsonInsiderSell25,000$36.18$904,500.00View SEC Filing  
11/18/2016Colin RobertsVPSell5,000$34.92$174,600.00View SEC Filing  
11/18/2016Ryan DaltonInsiderSell20,000$34.98$699,600.00View SEC Filing  
11/17/2016A R AlameddineDirectorBuy8,000$34.75$278,000.00View SEC Filing  
11/17/2016Bryan SheffieldinsiderSell312,500$34.89$10,903,125.00View SEC Filing  
11/7/2016Mike HinsonInsiderSell25,000$34.05$851,250.00View SEC Filing  
10/21/2016Mike HinsonInsiderSell25,000$36.04$901,000.00View SEC Filing  
10/5/2016Mike HinsonInsiderSell25,000$35.13$878,250.00View SEC Filing  
9/12/2016Mike HinsonInsiderSell25,000$33.65$841,250.00View SEC Filing  
8/24/2016Matthew GallagherInsiderSell9,300$33.83$314,619.00View SEC Filing  
8/23/2016Matthew GallagherInsiderSell30,300$33.89$1,026,867.00View SEC Filing  
8/22/2016Matthew GallagherInsiderSell5,400$33.74$182,196.00View SEC Filing  
8/9/2016Matthew GallagherInsiderSell45,000$32.64$1,468,800.00View SEC Filing  
8/8/2016Bryan SheffieldInsiderSell1,100,000$32.15$35,365,000.00View SEC Filing  
8/8/2016Colin RobertsVPSell25,000$32.77$819,250.00View SEC Filing  
8/8/2016David Henry SmithDirectorSell6,250$32.99$206,187.50View SEC Filing  
7/25/2016Mike HinsonInsiderSell25,000$27.42$685,500.00View SEC Filing  
7/12/2016Mike HinsonInsiderSell25,000$28.33$708,250.00View SEC Filing  
6/29/2016Mike HinsonInsiderSell25,000$26.22$655,500.00View SEC Filing  
6/15/2016Ryan DaltonInsiderSell60,000$26.52$1,591,200.00View SEC Filing  
6/13/2016Mike HinsonVPSell25,000$26.69$667,250.00View SEC Filing  
6/2/2016Mike HinsonVPSell25,000$26.40$660,000.00View SEC Filing  
5/17/2016Mike HinsonVPSell25,000$25.83$645,750.00View SEC Filing  
5/12/2016Brad C SmithInsiderSell10,000$25.42$254,200.00View SEC Filing  
5/5/2016Mike HinsonVPSell25,000$23.69$592,250.00View SEC Filing  
4/20/2016Mike HinsonVPSell25,000$23.47$586,750.00View SEC Filing  
4/6/2016Mike HinsonVPSell25,000$22.71$567,750.00View SEC Filing  
3/23/2016Bryan SheffieldMajor ShareholderSell35,715$21.81$778,944.15View SEC Filing  
3/16/2016Bryan SheffieldMajor ShareholderSell35,715$21.33$761,800.95View SEC Filing  
3/3/2016Hemang DesaiDirectorBuy1,000$18.33$18,330.00View SEC Filing  
3/2/2016Colin RobertsVPSell25,000$18.67$466,750.00View SEC Filing  
3/1/2016Colin RobertsVPSell15,000$18.51$277,650.00View SEC Filing  
3/1/2016Matthew GallagherInsiderSell90,000$18.49$1,664,100.00View SEC Filing  
2/29/2016Mike HinsonVPSell50,000$18.38$919,000.00View SEC Filing  
2/24/2016Bryan SheffieldMajor ShareholderSell35,715$16.24$580,011.60View SEC Filing  
2/17/2016Bryan Sheffieldmajor shareholderSell35,715$16.81$600,369.15View SEC Filing  
2/10/2016Bryan Sheffieldmajor shareholderSell35,715$16.24$580,011.60View SEC Filing  
2/3/2016Bryan Sheffieldmajor shareholderSell35,715$18.72$668,584.80View SEC Filing  
1/27/2016Bryan Sheffieldmajor shareholderSell35,715$17.67$631,084.05View SEC Filing  
1/20/2016Bryan Sheffieldmajor shareholderSell35,715$15.12$540,010.80View SEC Filing  
1/13/2016Bryan Sheffieldmajor shareholderSell35,715$16.29$581,797.35View SEC Filing  
1/6/2016Bryan Sheffieldmajor shareholderSell35,715$17.74$633,584.10View SEC Filing  
12/18/2015Mike HinsonVPSell20,000$18.22$364,400.00View SEC Filing  
12/8/2015Mike HinsonVPSell21,666$18.58$402,554.28View SEC Filing  
12/1/2015Ryan DaltoninsiderSell37,500$20.03$751,125.00View SEC Filing  
11/20/2015Mike HinsonVPSell20,000$19.17$383,400.00View SEC Filing  
11/10/2015Mike HinsonVPSell21,666$18.58$402,554.28View SEC Filing  
11/2/2015Paul TreadwellVPSell150,000$17.94$2,691,000.00View SEC Filing  
10/22/2015Mike HinsonVPSell20,000$16.90$338,000.00View SEC Filing  
10/8/2015Ryan DaltoninsiderSell56,967$17.60$1,002,619.20View SEC Filing  
10/6/2015Mike HinsonVPSell21,666$16.92$366,588.72View SEC Filing  
10/2/2015Paul TreadwellVPSell150,000$15.62$2,343,000.00View SEC Filing  
9/8/2015Mike HinsonVPSell21,666$16.08$348,389.28View SEC Filing  
9/1/2015Paul TreadwellVPSell150,000$16.30$2,445,000.00View SEC Filing  
8/28/2015Mike HinsonVPSell20,000$16.06$321,200.00View SEC Filing  
8/14/2015Matthew GallagherInsiderSell100,000$15.92$1,592,000.00View SEC Filing  
8/12/2015Mike HinsonVPSell41,667$16.13$672,088.71View SEC Filing  
7/14/2015Ryan DaltonInsiderSell23,033$17.51$403,307.83View SEC Filing  
7/8/2015Bryan SheffieldMajor ShareholderSell20,000$16.35$327,000.00View SEC Filing  
7/7/2015Mike HinsonVPSell21,667$16.07$348,188.69View SEC Filing  
7/1/2015Bryan SheffieldMajor ShareholderSell26,667$17.06$454,939.02View SEC Filing  
6/25/2015Mike HinsonVPSell20,000$18.39$367,800.00View SEC Filing  
6/24/2015Bryan SheffieldMajor ShareholderSell33,333$18.37$612,327.21View SEC Filing  
6/17/2015Bryan SheffieldMajor ShareholderSell36,667$18.11$664,039.37View SEC Filing  
6/10/2015Bryan SheffieldMajor ShareholderSell43,333$18.80$814,660.40View SEC Filing  
6/10/2015Paul TreadwellVPSell17,499$18.96$331,781.04View SEC Filing  
5/28/2015Mike HinsonVPSell20,000$16.64$332,800.00View SEC Filing  
4/23/2015Mike HinsonVPSell20,000$16.11$322,200.00View SEC Filing  
4/7/2015Paul TreadwellVPSell20,833$17.52$364,994.16View SEC Filing  
4/7/2015Ryan DaltonInsiderSell40,000$17.52$700,800.00View SEC Filing  
3/26/2015Mike HinsonVPSell60,266$16.12$971,487.92View SEC Filing  
3/25/2015Bryan SheffieldMajor ShareholderSell42,858$15.93$682,727.94View SEC Filing  
3/3/2015Hemang DesaiDirectorBuy1,000$14.74$14,740.00View SEC Filing  
2/3/2015Paul TreadwellVPSell45,496$17.83$811,193.68View SEC Filing  
1/28/2015Bryan SheffieldCEOSell42,858$16.15$692,156.70View SEC Filing  
1/27/2015Paul TreadwellVPSell65,644$17.56$1,152,708.64View SEC Filing  
1/22/2015Mike HinsonVPSell41,667$16.20$675,005.40View SEC Filing  
1/21/2015Bryan SheffieldMajor ShareholderSell42,858$16.43$704,156.94View SEC Filing  
1/21/2015Paul TreadwellVPSell33,600$16.52$555,072.00View SEC Filing  
1/7/2015Bryan SheffieldCEOSell40,614$14.06$571,032.84View SEC Filing  
12/17/2014James Andrew Charles RobinsonInsiderBuy30,000$0.20$5,850.00
5/29/2014Bryan SheffieldMajor ShareholderSell1,909,091$17.48$33,370,910.68View SEC Filing  
5/29/2014Matthew GallagherInsiderSell60,606$17.48$1,059,392.88View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Latest Headlines for Parsley Energy (NYSE:PE)
DateHeadline
News IconAre Analysts Optimistic About Where Parsley Energy, Inc. (NYSE:PE) is Heading? - Winfield Review (NYSE:PE)
winfieldreview.com - February 24 at 8:14 PM
News IconLookout for Price Target? Parsley Energy, Inc. (PE), Xerox Corporation (XRX) - StockNewsJournal (NYSE:PE)
stocknewsjournal.com - February 24 at 8:14 PM
News IconLooking at the Tea Leaves for Parsley Energy, Inc. (PE) - The USA Commerce (NYSE:PE)
theusacommerce.com - February 24 at 8:14 PM
News IconParsley Energy, Inc. (NYSE:PE) Seeing Rampant Activity Today - Winfield Review (NYSE:PE)
winfieldreview.com - February 24 at 8:35 AM
News IconParsley Energy Inc (PE) Releases Earnings Results, Reports EPS of $0.06 EPS - Highland Mirror (NYSE:PE)
www.highlandmirror.com - February 24 at 12:17 AM
News IconShare Focus: Watching Levels for Parsley Energy Inc (PE) - Baldwin Journal (NYSE:PE)
baldwinjournal.com - February 23 at 7:17 PM
News IconParsley Energy, Inc. (PE) earnings reaction history in focus - Post Analyst (NYSE:PE)
www.postanalyst.com - February 23 at 7:17 PM
prnewswire.com logoParsley Energy Announces Fourth Quarter 2016 Financial And Operating Results - PR Newswire (press release) (NYSE:PE)
www.prnewswire.com - February 23 at 7:17 PM
News IconStock Buzz on Parsley Energy, Inc. (NYSE:PE): Can They Meet the Earnings Target of $0.07 - Winfield Review (NYSE:PE)
winfieldreview.com - February 23 at 7:17 PM
finance.yahoo.com logoParsley Energy reports 4Q loss - Yahoo Finance (NYSE:PE)
finance.yahoo.com - February 23 at 7:17 PM
sg.finance.yahoo.com logoParsley Energy reports 4Q loss (NYSE:PE)
sg.finance.yahoo.com - February 23 at 7:17 PM
News IconTop Stock Movers – Parsley Energy Inc (NYSE:PE), Amgen, Inc. (NASDAQ:AMGN) - Wall Street Times (press release) (NYSE:PE)
www.wallstreetnews24.com - February 23 at 9:07 AM
News IconThe Technicals For Parsley Energy, Inc. (PE), An Important Analysis - NY Stock News (NYSE:PE)
nystocknews.com - February 23 at 9:07 AM
News IconBuy or Sell? What Analysts Recommends: Parsley Energy, Inc. (PE), New Residential Investment Corp. (NRZ) - StockNewsJournal (NYSE:PE)
www.stocknewsjournal.com - February 23 at 9:07 AM
News IconForward Earnings Estimate of Parsley Energy, Inc.(PE) - Highland Mirror (NYSE:PE)
www.highlandmirror.com - February 23 at 9:07 AM
biz.yahoo.com logoQ4 2016 Parsley Energy Inc Earnings Release - After Market Close (NYSE:PE)
biz.yahoo.com - February 23 at 9:07 AM
News IconThe Technical Facts on Parsley Energy, Inc. (PE) - The USA Commerce (NYSE:PE)
www.theusacommerce.com - February 22 at 9:13 AM
News IconEquity Perception: Analyst's Indicator Review for Parsley Energy, Inc. (PE), Orchid Island Capital, Inc. (ORC) - The USA Commerce (NYSE:PE)
theusacommerce.com - February 22 at 9:13 AM
finance.yahoo.com logoOil Exploration Earnings Preview for Feb 23: APA, PE & More (NYSE:PE)
finance.yahoo.com - February 22 at 9:13 AM
News IconStock Radar: Viewing Levels for Parsley Energy Inc (PE) - SKV News (NYSE:PE)
skvnews.com - February 21 at 5:43 PM
News IconStock Price of Parsley Energy, Inc. (PE) Decreases -1.52% - Energy Index (NYSE:PE)
www.energyindexwatch.com - February 21 at 5:43 PM
News IconThe Charts For Parsley Energy, Inc. (PE) Is Speaking Volumes Today - NY Stock News (NYSE:PE)
nystocknews.com - February 21 at 5:43 PM
News IconSell-Side Analyst's Predictions: Parsley Energy, Inc. (PE), MGIC Investment Corporation (MTG) - The USA Commerce (NYSE:PE)
www.theusacommerce.com - February 17 at 8:07 AM
News IconWhy to Keeping Eye on Parsley Energy, Inc. (PE), Under Armour, Inc. (UAA)? - StockNewsJournal (NYSE:PE)
stocknewsjournal.com - February 17 at 8:07 AM
News IconThe Research Analysts' Weekly Ratings Changes for Parsley Energy (PE) (NYSE:PE)
techknowbits.com - February 16 at 6:46 PM
News IconBarclays PLC Trims Parsley Energy, Inc. (PE) Target Price to $41.00 (NYSE:PE)
prensariotiretail.com - February 16 at 6:46 PM
News IconBarclays PLC Lowers Parsley Energy, Inc. (PE) Price Target to $41.00 (NYSE:PE)
nyhetsbanken.info - February 14 at 11:15 PM
News IconWhat are analysts Suggestions on: Parsley Energy, Inc. (NYSE:PE) (NYSE:PE)
hypelee.com - February 14 at 11:15 PM
News IconStock on the Move: Parsley Energy Inc (NYSE:PE) (NYSE:PE)
graffiotech.com - February 14 at 2:53 AM
biz.yahoo.com logoPARSLEY ENERGY, INC. Files SEC form 8-K, Entry into a Material Definitive Agreement, Creation of a Direct Financial O (NYSE:PE)
us.rd.yahoo.com - February 14 at 2:53 AM
News IconAnalytical Guide for Parsley Energy, Inc. (PE), Whiting Petroleum Corporation (WLL) Stakeholders - The USA Commerce (NYSE:PE)
theusacommerce.com - February 13 at 9:53 PM
News IconChecking the Overall Picture for Parsley Energy, Inc. (PE) - StockNewsJournal (NYSE:PE)
stocknewsjournal.com - February 13 at 9:53 PM
News IconStock on the Move: Parsley Energy Inc (NYSE:PE) - Post Registrar (NYSE:PE)
postregistrar.com - February 13 at 9:22 AM
News IconHow Does the Chart Look for Parsley Energy, Inc. (PE) ? - The USA Commerce (NYSE:PE)
theusacommerce.com - February 10 at 8:10 PM
us.rd.yahoo.com logo2:58 am Parsley Energy prices 36 mln shares of Class A common stock for total gross proceeds $1.116 bln (NYSE:PE)
us.rd.yahoo.com - February 9 at 8:58 PM
us.rd.yahoo.com logoPE Announced 2nd Permian Acquisition in Less than a Month (NYSE:PE)
us.rd.yahoo.com - February 9 at 8:58 PM
us.rd.yahoo.com logoParsley Energy Schedules Fourth Quarter 2016 Earnings Conference Call For February 24 (NYSE:PE)
us.rd.yahoo.com - February 9 at 8:58 PM
finance.yahoo.com logoBig Permian Acquisition Will Take Parsley Energy Higher (NYSE:PE)
finance.yahoo.com - February 9 at 8:58 PM
finance.yahoo.com logoIs Papa Too Late To The Permian Party? (NYSE:PE)
finance.yahoo.com - February 9 at 8:58 PM
finance.yahoo.com logoWall Street Pouring Money Back Into Oil And Gas (NYSE:PE)
finance.yahoo.com - February 9 at 8:58 PM
bizjournals.com logoAustin oil and gas driller pulls together $2.8 billion for biggest Texas acquisition to date (NYSE:PE)
www.bizjournals.com - February 9 at 1:10 AM
marketexclusive.com logoPARSLEY ENERGY, INC. (NYSE:PE) Files An 8-K Regulation FD Disclosure (NYSE:PE)
marketexclusive.com - February 8 at 8:07 PM
us.rd.yahoo.com logoParsley Energy LLC -- Moody's upgrades Parsley Energy to B1; rates new notes B2 (NYSE:PE)
us.rd.yahoo.com - February 8 at 8:07 PM
us.rd.yahoo.com logoParsley Energy, LLC Announces Pricing of Upsized $450 Million Private Placement of Senior Unsecured Notes due 2025 (NYSE:PE)
us.rd.yahoo.com - February 8 at 8:07 PM
sg.finance.yahoo.com logo$2.8B deal latest land acquisition in energy-rich Permian (NYSE:PE)
us.rd.yahoo.com - February 8 at 8:07 PM
bizjournals.com logoAustin oil and gas driller pulls together $2.8 billion for biggest acquisition to date (NYSE:PE)
www.bizjournals.com - February 8 at 8:07 PM
nasdaq.com logoUPDATE 1-Parsley Energy to buy Permian Basin assets for about $2.8 bln (NYSE:PE)
www.nasdaq.com - February 8 at 1:28 AM
streetinsider.com logoParsley Energy (PE) Announces 36M Offering of Class A Common Stock (NYSE:PE)
www.streetinsider.com - February 8 at 1:28 AM
rttnews.com logoParsley Energy To Acquire Permian Basin Assets For About $2.8 Bln (NYSE:PE)
www.rttnews.com - February 8 at 1:28 AM
reuters.com logoParsley Energy to buy Permian Basin assets for about $2.8 billion (NYSE:PE)
www.reuters.com - February 8 at 1:28 AM

Social

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.

Parsley Energy (NYSE:PE) Chart for Friday, February, 24, 2017


Institutional Ownership Chart

Institutional Ownership by Quarter for Parsley Energy (NYSE:PE)

Earnings History Chart

Earnings by Quarter for Parsley Energy (NYSE:PE)

Dividend History Chart

Dividend Payments by Quarter for Parsley Energy (NYSE:PE)

Last Updated on 2/24/2017 by MarketBeat.com Staff