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Parsley Energy Stock Price, Forecast & Analysis (NYSE:PE)

$16.35
+0.41 (+2.57 %)
(As of 11/15/2019 04:00 PM ET)
Today's Range
$15.93
Now: $16.35
$16.37
50-Day Range
$15.11
MA: $16.45
$17.64
52-Week Range
$13.72
Now: $16.35
$22.68
Volume3.64 million shs
Average Volume5.37 million shs
Market Capitalization$5.18 billion
P/E Ratio11.60
Dividend Yield0.75%
Beta0.51
Parsley Energy, Inc, an independent oil and natural gas company, engages in the acquisition, development, exploration, production, and sale of crude oil and natural gas properties in the Permian Basin in west Texas and Southeastern New Mexico. As of December 31, 2018, its acreage position consisted of 198,946 net acres, including 154,107 net acres in the Midland Basin and 44,839 net acres in the Delaware Basin; and operated 425.3 net acres of the horizontal wells and 735.7 net acres of the vertical wells, as well an estimated proved oil, natural gas, and natural gas liquid reserves of 521.7 MMBoe. Read More…

Industry, Sector and Symbol

Industry Crude petroleum & natural gas
Sub-IndustryN/A
SectorOils/Energy
CUSIPN/A
Phone737-704-2300

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$1.83 billion
Cash Flow$3.02 per share
Book Value$20.73 per share

Profitability

Net Income$369.13 million

Miscellaneous

Employees527
Market Cap$5.18 billion
Next Earnings Date2/20/2020 (Estimated)
OptionableOptionable

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Parsley Energy (NYSE:PE) Frequently Asked Questions

What is Parsley Energy's stock symbol?

Parsley Energy trades on the New York Stock Exchange (NYSE) under the ticker symbol "PE."

How often does Parsley Energy pay dividends? What is the dividend yield for Parsley Energy?

Parsley Energy declared a quarterly dividend on Tuesday, November 5th. Shareholders of record on Tuesday, December 10th will be paid a dividend of $0.03 per share on Friday, December 20th. This represents a $0.12 annualized dividend and a yield of 0.73%. The ex-dividend date is Monday, December 9th. View Parsley Energy's Dividend History.

How were Parsley Energy's earnings last quarter?

Parsley Energy Inc (NYSE:PE) posted its quarterly earnings results on Tuesday, November, 5th. The oil and natural gas company reported $0.29 EPS for the quarter, missing analysts' consensus estimates of $0.34 by $0.05. The oil and natural gas company earned $510.15 million during the quarter, compared to analyst estimates of $503.05 million. Parsley Energy had a net margin of 14.03% and a return on equity of 4.96%. The firm's quarterly revenue was down .2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.41 EPS. View Parsley Energy's Earnings History.

When is Parsley Energy's next earnings date?

Parsley Energy is scheduled to release their next quarterly earnings announcement on Thursday, February 20th 2020. View Earnings Estimates for Parsley Energy.

What price target have analysts set for PE?

25 equities research analysts have issued 12 month price targets for Parsley Energy's shares. Their forecasts range from $19.00 to $55.00. On average, they anticipate Parsley Energy's share price to reach $27.28 in the next year. This suggests a possible upside of 66.9% from the stock's current price. View Analyst Price Targets for Parsley Energy.

What is the consensus analysts' recommendation for Parsley Energy?

25 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Parsley Energy in the last year. There are currently 2 hold ratings and 23 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Parsley Energy.

What are Wall Street analysts saying about Parsley Energy stock?

Here are some recent quotes from research analysts about Parsley Energy stock:
  • 1. According to Zacks Investment Research, "Parsley's strategic acreage position in the low-cost high-margin Permian Basin is responsible for its robust production growth since several years. Importantly, this year, the upstream player expects total output to grow more than 18% year over year despite capex cuts. As it is, low leverage provides the firm with enough financial flexibility. Parsley's impressive reserve replacement ratio of over 406% also bodes well. However, Parsley's geographic concentration risk and infrastructural bottlenecks in the Permian region still remain matters of concern. Further, there are investor concerns over high costs impacting profit levels. Finally, Parsley Energy's cash flow deficit is also a cause of worry. Hence, the stock warrants a cautious stance. " (5/16/2019)
  • 2. Williams Capital analysts commented, "We believe the producon beat was driven by the reset of expectaons and the ability to get back on track with improving capital efficiencies from wider spacing, increased compleon intensity an d by targeng best rock and zones. 1Q19 capex was $406.0 million, above our esmate of $379.3 million and Co nsensus of $390.0 million. a detailed variance relave to our esmates." (5/2/2019)
  • 3. Northland Securities analysts commented, "We like the focused efforts by PE to highlight its strategic shift and believe it will be well-received by investors. Reiterate OP and $29 PT." (2/22/2019)

Has Parsley Energy been receiving favorable news coverage?

Media headlines about PE stock have been trending somewhat negative on Friday, according to InfoTrie. InfoTrie scores the sentiment of press coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. Parsley Energy earned a media sentiment score of -1.4 on InfoTrie's scale. They also gave media stories about the oil and natural gas company a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an impact on the stock's share price in the next several days. View News Stories for Parsley Energy.

Are investors shorting Parsley Energy?

Parsley Energy saw a increase in short interest during the month of October. As of October 31st, there was short interest totalling 16,280,000 shares, an increase of 53.2% from the September 30th total of 10,630,000 shares. Based on an average daily volume of 5,630,000 shares, the short-interest ratio is presently 2.9 days. Approximately 6.1% of the company's stock are short sold. View Parsley Energy's Current Options Chain.

Who are some of Parsley Energy's key competitors?

What other stocks do shareholders of Parsley Energy own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Parsley Energy investors own include Pioneer Natural Resources (PXD), Micron Technology (MU), Diamondback Energy (FANG), Alibaba Group (BABA), Devon Energy (DVN), NVIDIA (NVDA), EOG Resources (EOG), Concho Resources (CXO), Cheniere Energy Partners (CQP) and Apache (APA).

Who are Parsley Energy's key executives?

Parsley Energy's management team includes the folowing people:
  • Mr. Bryan Sheffield, Founder & Exec. Chairman (Age 41)
  • Mr. Matthew Gallagher, Pres, CEO & Director (Age 37)
  • Mr. Ryan Dalton, Exec. VP & CFO (Age 40)
  • Mr. David Dell'Osso, Exec. VP & COO (Age 41)
  • Mr. Colin W. Roberts, Exec. VP, Gen. Counsel & Sec. (Age 41)

Who are Parsley Energy's major shareholders?

Parsley Energy's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include GW&K Investment Management LLC (0.51%), CIBC Private Wealth Group LLC (0.46%), Stephens Investment Management Group LLC (0.37%), SG Americas Securities LLC (0.34%), Peregrine Capital Management LLC (0.31%) and Sumitomo Mitsui Trust Holdings Inc. (0.30%). Company insiders that own Parsley Energy stock include A R Alameddine, Bryan Sheffield, Colin Roberts, Hemang Desai, Jerry Windlinger, Mike Hinson and Ron Brokmeyer. View Institutional Ownership Trends for Parsley Energy.

Which institutional investors are selling Parsley Energy stock?

PE stock was sold by a variety of institutional investors in the last quarter, including Carillon Tower Advisers Inc., Scout Investments Inc., Massachusetts Financial Services Co. MA, Nippon Life Global Investors Americas Inc., Viking Fund Management LLC, Russell Investments Group Ltd., Icon Advisers Inc. Co. and Cerebellum GP LLC. Company insiders that have sold Parsley Energy company stock in the last year include Bryan Sheffield, Colin Roberts and Mike Hinson. View Insider Buying and Selling for Parsley Energy.

Which institutional investors are buying Parsley Energy stock?

PE stock was purchased by a variety of institutional investors in the last quarter, including SG Americas Securities LLC, GW&K Investment Management LLC, Stephens Investment Management Group LLC, Essex Investment Management Co. LLC, Waratah Capital Advisors Ltd., State of New Jersey Common Pension Fund D, California Public Employees Retirement System and Adams Natural Resources Fund Inc.. Company insiders that have bought Parsley Energy stock in the last two years include A R Alameddine, Bryan Sheffield, Hemang Desai, Jerry Windlinger and Ron Brokmeyer. View Insider Buying and Selling for Parsley Energy.

How do I buy shares of Parsley Energy?

Shares of PE can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.

What is Parsley Energy's stock price today?

One share of PE stock can currently be purchased for approximately $16.35.

How big of a company is Parsley Energy?

Parsley Energy has a market capitalization of $5.18 billion and generates $1.83 billion in revenue each year. The oil and natural gas company earns $369.13 million in net income (profit) each year or $1.41 on an earnings per share basis. Parsley Energy employs 527 workers across the globe.View Additional Information About Parsley Energy.

What is Parsley Energy's official website?

The official website for Parsley Energy is http://www.parsleyenergy.com/.

How can I contact Parsley Energy?

Parsley Energy's mailing address is 303 COLORADO STREET SUITE 3000, AUSTIN TX, 79701. The oil and natural gas company can be reached via phone at 737-704-2300 or via email at [email protected]


MarketBeat Community Rating for Parsley Energy (NYSE PE)

Community Ranking:  3.2 out of 5 (star star star)
Outperform Votes:  756 (Vote Outperform)
Underperform Votes:  427 (Vote Underperform)
Total Votes:  1,183
MarketBeat's community ratings are surveys of what our community members think about Parsley Energy and other stocks. Vote "Outperform" if you believe PE will outperform the S&P 500 over the long term. Vote "Underperform" if you believe PE will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 11/15/2019 by MarketBeat.com Staff

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