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.
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Industry, Sector and Symbol
Industry Crude petroleum & natural gas
Sub-IndustryN/A
SectorOils/Energy
Phone737-704-2300
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$1.83 billion
Profitability
Miscellaneous
Employees527
Next Earnings Date11/7/2019 (Estimated)
OptionableOptionable
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 were Parsley Energy's earnings last quarter?
Parsley Energy Inc (NYSE:PE) issued its earnings results on Tuesday, August, 6th. The oil and natural gas company reported $0.32 EPS for the quarter, topping the Zacks' consensus estimate of $0.31 by $0.01. The oil and natural gas company had revenue of $198.50 million for the quarter, compared to the consensus estimate of $467.53 million. Parsley Energy had a net margin of 13.69% and a return on equity of 5.72%. The company's revenue for the quarter was down 57.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.39 EPS. View Parsley Energy's Earnings History.
When is Parsley Energy's next earnings date?
What price target have analysts set for PE?
27 brokerages have issued twelve-month price objectives for Parsley Energy's shares. Their forecasts range from $18.00 to $55.00. On average, they anticipate Parsley Energy's stock price to reach $30.03 in the next twelve months. This suggests a possible upside of 85.5% from the stock's current price. View Analyst Price Targets for Parsley Energy.
What is the consensus analysts' recommendation for Parsley Energy?
27 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Parsley Energy in the last year. There are currently 3 hold ratings, 23 buy ratings and 1 strong buy rating 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?
News articles about PE stock have trended positive on Tuesday, according to InfoTrie Sentiment Analysis. InfoTrie ranks the sentiment of press coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Parsley Energy earned a media sentiment score of 2.5 on InfoTrie's scale. They also assigned media stories about the oil and natural gas company a news buzz of 6.0 out of 10, indicating that recent press coverage is somewhat likely to have an impact on the company's share price in the next several days. View News Stories for Parsley Energy.
Who are some of Parsley Energy's key competitors?
Some companies that are related to Parsley Energy include WOODSIDE PET LT/ADR (WOPEY), Rwe Ag Sp (RWEOY), Diamondback Energy (FANG), Concho Resources (CXO), TORAY INDUSTRIE/ADR (TRYIY), Continental Resources (CLR), GALP ENERGIA SG/ADR (GLPEY), Sasol (SSL), Noble Energy (NBL), Marathon Oil (MRO), Cenovus Energy (CVE), Devon Energy (DVN), Apache (APA), Cabot Oil & Gas (COG) and Encana (ECA).
What other stocks do shareholders of Parsley Energy own?
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 number of of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (7.77%), Nuveen Asset Management LLC (6.12%), JPMorgan Chase & Co. (5.04%), BlackRock Inc. (4.28%), Victory Capital Management Inc. (2.63%) and Barrow Hanley Mewhinney & Strauss LLC (2.43%). 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 major investors are selling Parsley Energy stock?
PE stock was sold by a variety of institutional investors in the last quarter, including JPMorgan Chase & Co., Renaissance Technologies LLC, Zimmer Partners LP, Bank of New York Mellon Corp, Balyasny Asset Management LLC, AQR Capital Management LLC, Point72 Asset Management L.P. and Cramer Rosenthal Mcglynn 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 major investors are buying Parsley Energy stock?
PE stock was acquired by a variety of institutional investors in the last quarter, including Nuveen Asset Management LLC, York Capital Management Global Advisors LLC, Invesco Ltd., Nan Shan Life Insurance Co. Ltd., Victory Capital Management Inc., Goldentree Asset Management LP, Wedge Capital Management L L P NC and Anchor Bolt Capital LP. 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, Scottrade, Fidelity and Charles Schwab.
What is Parsley Energy's stock price today?
One share of PE stock can currently be purchased for approximately $16.19.
How big of a company is Parsley Energy?
Parsley Energy has a market capitalization of $5.13 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?
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)
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.
