About Parsley Energy (NYSE:PE)
Parsley Energy, Inc. is a holding company. The Company is an independent oil and natural gas company. The Company focuses 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 includes 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, where it focuses on horizontal development drilling and target various stacked pay intervals in the Spraberry, Wolfcamp, Upper Pennsylvanian (Cline) and Atoka shales. As of December 31, 2016, it had an average working interest of 87% in 166 gross (146.7 net) horizontal wells, of which 151 gross (132.4 net) are in the Midland Basin. As of December 31, 2016, the Company operated seven horizontal rigs and three vertical drilling rigs.
Industry, Sector and Symbol
Industry Oil & Gas Exploration and Production
Trailing P/E Ratio335.142857142857
Forward P/E Ratio46.00
Sales & Book Value
Annual Sales$457.77 million
Price / Sales16.11
Cash Flow$1.22 per share
Price / Cash19.25
Book Value$11.71 per share
Price / Book2.00
Return on Equity1.87%
Return on Assets1.31%
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) released its quarterly earnings results on Tuesday, November, 7th. The oil and natural gas company reported $0.12 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.02. The oil and natural gas company earned $241.02 million during the quarter, compared to the consensus estimate of $234.58 million. Parsley Energy had a return on equity of 1.87% and a net margin of 3.22%. Parsley Energy's revenue was up 81.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.05 earnings per share. View Parsley Energy's Earnings History.
When will Parsley Energy make its next earnings announcement?
Where is Parsley Energy's stock going? Where will Parsley Energy's stock price be in 2018?
24 brokers have issued 1-year price objectives for Parsley Energy's stock. Their forecasts range from $25.00 to $48.00. On average, they anticipate Parsley Energy's stock price to reach $35.65 in the next twelve months. 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 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. " (11/9/2017)
- 2. FBR & Co analysts commented, "Based on our May 2017 productivity reports, PE continues to be one of the most productive operators in the Midland Basin." (6/1/2017)
Who are some of Parsley Energy's key competitors?
Some companies that are related to Parsley Energy include Nexen Energy (NXY), Apache (APA), Marathon Oil (MRO), Noble Energy (NBL), Diamondback Energy (FANG), Cabot Oil & Gas (COG), Encana (ECA), Cimarex Energy (XEC), EQT (EQT), Repsol Oil & Gas Canada (TLM), EQT GP (EQGP), Rice Energy (RICE), Antero Resources (AR), Athlon Energy (ATHL), RSP Permian (RSPP), WPX Energy (WPX), Newfield Exploration (NFX) and Energen (EGN).
Who are Parsley Energy's key executives?
Parsley Energy's management team includes the folowing people:
- Bryan Sheffield, Executive Chairman of the Board (Age 39)
- Matthew Gallagher, President, Chief Executive Officer (Age 34)
- Ryan Dalton, Chief Financial Officer, Executive Vice President (Age 37)
- Colin Roberts, Executive Vice President, General Counsel (Age 38)
- Mike Hinson, Senior Vice President - Corporate Development (Age 48)
- Stephanie Reed, Senior Vice President - Land
- A. R. Alameddine, Lead Independent Director (Age 69)
- Karen Parfitt Hughes, Director
- Ronald Brokmeyer, Independent Director (Age 54)
- William L. Browning, Independent Director (Age 63)
Who owns Parsley Energy stock?
Parsley Energy's stock is owned by many different of institutional and retail investors. Top institutional investors include Viking Global Investors LP (5.77%), Boston Partners (4.52%), BlackRock Inc. (3.71%), TIAA CREF Investment Management LLC (3.14%), Victory Capital Management Inc. (2.69%) and Teachers Advisors LLC (1.94%). Company insiders that own Parsley Energy stock include A R Alameddine, Brad C Smith, Bryan Sheffield, Colin Roberts, David Henry Smith, Hemang Desai, Jerry Windlinger, Matthew Gallagher, Mike Hinson and Ryan Dalton. View Institutional Ownership Trends for Parsley Energy.
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 Zimmer Partners LP, Passport Capital LLC, Boston Partners, Allianz Asset Management GmbH, Deutsche Bank AG, Ardsley Advisory Partners, Advisory Research Inc. and Guggenheim Capital LLC. Company insiders that have sold Parsley Energy company stock in the last year include Bryan Sheffield, Colin Roberts and Ryan Dalton. View Insider Buying and Selling for Parsley Energy.
Who bought Parsley Energy stock? Who is buying Parsley Energy stock?
Parsley Energy's stock was purchased by a variety of institutional investors in the last quarter, including Viking Global Investors LP, Teachers Advisors LLC, Tide Point Capital Management LP, Goldentree Asset Management LP, Renaissance Technologies LLC, TIAA CREF Investment Management LLC, Victory Capital Management Inc. and Key Square Capital Management LLC. Company insiders that have bought Parsley Energy stock in the last two years include A R Alameddine, Hemang Desai, Jerry Windlinger and Matthew Gallagher. View Insider Buying and Selling for Parsley Energy.
How do I buy Parsley Energy stock?
Shares of Parsley Energy 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 Parsley Energy stock can currently be purchased for approximately $23.46.
How big of a company is Parsley Energy?
Parsley Energy has a market capitalization of $7.38 billion and generates $457.77 million in revenue each year. The oil and natural gas company earns $-74,180,000.00 in net income (profit) each year or $0.07 on an earnings per share basis. Parsley Energy employs 298 workers across the globe.
How can I contact Parsley Energy?
Parsley Energy's mailing address is 303 Colorado St Ste 3000, AUSTIN, TX 78701-4654, United States. The oil and natural gas company can be reached via phone at +1-432-8182100 or via email at [email protected]
MarketBeat Community Rating for Parsley Energy (PE)MarketBeat's community ratings are surveys of what our community members think about Parsley Energy and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
Parsley Energy (NYSE:PE) Analysts' Consensus Rating (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus analyst ratings for company stocks using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Today||30 Days Ago||90 Days Ago||180 Days Ago|
|Consensus Rating: ||Buy||Buy||Buy||Buy|
|Consensus Rating Score: ||2.83||3.00||3.00||2.95|
|Ratings Breakdown: ||0 Sell Rating(s)|
4 Hold Rating(s)
20 Buy Rating(s)
0 Strong Buy Rating(s)
|0 Sell Rating(s)|
0 Hold Rating(s)
21 Buy Rating(s)
0 Strong Buy Rating(s)
|0 Sell Rating(s)|
0 Hold Rating(s)
22 Buy Rating(s)
0 Strong Buy Rating(s)
|0 Sell Rating(s)|
1 Hold Rating(s)
20 Buy Rating(s)
0 Strong Buy Rating(s)
|Consensus Price Target: ||$35.65||$38.50||$40.05||$40.48|
|Price Target Upside: ||52.23% upside||25.90% upside||57.36% upside||65.48% upside|
Parsley Energy (NYSE:PE) Consensus Price Target History
Parsley Energy (NYSE:PE) Analyst Ratings History
(Data available from 2/18/2016 forward)
Parsley Energy (NYSE:PE) Earnings History and Estimates Chart
Parsley Energy (NYSE PE) Earnings History by Quarter
(Earnings results data provided by Zacks Investment Research)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|11/7/2017||Q3 2017||$0.10||$0.12||$234.58 million||$241.02 million||View||N/A|
|8/2/2017||Q2 2017||$0.11||$0.05||$216.54 million||$213.68 million||View||Listen|
|5/4/2017||Q1 2017||$0.09||$0.15||$181.23 million||$200.90 million||View||Listen|
|2/23/2017||Q416||$0.07||$0.06||$158.21 million||$155.99 million||View||N/A|
|11/2/2016||Q316||$0.02||$0.03||$82.30 million||$132.67 million||View||N/A|
|8/3/2016||Q2 2016||($0.02)||$0.04||$95.13 million||$106.31 million||View||N/A|
|5/4/2016||Q116||($0.09)||($0.02)||$75.16 million||$62.30 million||View||N/A|
|2/24/2016||Q415||($0.07)||($0.02)||$81.10 million||$68.75 million||View||Listen|
|11/4/2015||Q315||($0.04)||($0.08)||$76.18 million||$64.20 million||View||N/A|
|8/11/2015||Q215||($0.03)||($0.01)||$72.25 million||$77.86 million||View||Listen|
|5/12/2015||Q115||($0.07)||$66.50 million||$55.20 million||View||N/A|
|2/26/2015||Q414||$0.09||$0.02||$88.60 million||$78.20 million||View||N/A|
|11/11/2014||Q314||$0.11||$0.13||$86.10 million||$83.60 million||View||N/A|
|8/12/2014||Q214||$0.09||$0.14||$77.10 million||$82.30 million||View||N/A|
Parsley Energy (NYSE:PE) Earnings Estimates
2018 EPS Consensus Estimate: $1.41
2019 EPS Consensus Estimate: $2.36
(Earnings estimates data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Dividend History for Parsley Energy (NYSE:PE)
No dividend announcements for this company have been tracked by MarketBeat.com
Parsley Energy (NYSE PE) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 15.51%
Institutional Ownership Percentage: 80.19%
Parsley Energy (NYSE PE) Insider Trades by Quarter
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Shares Held After Transaction||Details|
|6/1/2017||Colin Roberts||Insider||Sell||3,400||$30.00||$102,000.00||229,326|| |
|5/17/2017||A R Alameddine||Director||Buy||3,500||$31.65||$110,775.00||94,888|| |
|5/11/2017||Bryan Sheffield||Insider||Sell||1,687,500||$31.42||$53,021,250.00||12,059,224|| |
|5/10/2017||Ryan Dalton||Insider||Sell||30,000||$32.56||$976,800.00||329,957|| |
|5/1/2017||Colin Roberts||Insider||Sell||3,000||$29.56||$88,680.00||232,726|| |
|3/31/2017||Colin Roberts||Insider||Sell||15,598||$32.10||$500,695.80||235,726|| |
|3/1/2017||A R Alameddine||Director||Buy||3,500||$30.94||$108,290.00||92,988|| |
|2/28/2017||Jerry Windlinger||Director||Buy||3,000||$30.35||$91,050.00||5,667|| |
|2/28/2017||Matthew Gallagher||Insider||Buy||32,985||$30.20||$996,147.00||660,508|| |
|11/21/2016||Mike Hinson||Insider||Sell||25,000||$36.18||$904,500.00||446,653|| |
|11/18/2016||Colin Roberts||VP||Sell||5,000||$34.92||$174,600.00||238,770|| |
|11/18/2016||Ryan Dalton||Insider||Sell||20,000||$34.98||$699,600.00||246,661|| |
|11/17/2016||A R Alameddine||Director||Buy||8,000||$34.75||$278,000.00||89,488|| |
|11/17/2016||Bryan Sheffield||insider||Sell||312,500||$34.89||$10,903,125.00||13,033,741|| |
|11/7/2016||Mike Hinson||Insider||Sell||25,000||$34.05||$851,250.00||471,653|| |
|10/21/2016||Mike Hinson||Insider||Sell||25,000||$36.04||$901,000.00||496,653|| |
|10/5/2016||Mike Hinson||Insider||Sell||25,000||$35.13||$878,250.00||536,153|| |
|9/12/2016||Mike Hinson||Insider||Sell||25,000||$33.65||$841,250.00||546,653|| |
|8/24/2016||Matthew Gallagher||Insider||Sell||9,300||$33.83||$314,619.00||637,006|| |
|8/23/2016||Matthew Gallagher||Insider||Sell||30,300||$33.89||$1,026,867.00||637,006|| |
|8/22/2016||Matthew Gallagher||Insider||Sell||5,400||$33.74||$182,196.00||637,006|| |
|8/9/2016||Matthew Gallagher||Insider||Sell||45,000||$32.64||$1,468,800.00||642,406|| |
|8/8/2016||Bryan Sheffield||Insider||Sell||1,100,000||$32.15||$35,365,000.00||13,169,935|| |
|8/8/2016||Colin Roberts||VP||Sell||25,000||$32.77||$819,250.00||243,770|| |
|8/8/2016||David Henry Smith||Director||Sell||6,250||$32.99||$206,187.50||30,861|| |
|7/25/2016||Mike Hinson||Insider||Sell||25,000||$27.42||$685,500.00||646,653|| |
|7/12/2016||Mike Hinson||Insider||Sell||25,000||$28.33||$708,250.00||671,653|| |
|6/29/2016||Mike Hinson||Insider||Sell||25,000||$26.22||$655,500.00||696,653|| |
|6/15/2016||Ryan Dalton||Insider||Sell||60,000||$26.52||$1,591,200.00||253,961|| |
|6/13/2016||Mike Hinson||VP||Sell||25,000||$26.69||$667,250.00||721,653|| |
|6/2/2016||Mike Hinson||VP||Sell||25,000||$26.40||$660,000.00||746,653|| |
|5/17/2016||Mike Hinson||VP||Sell||25,000||$25.83||$645,750.00||771,653|| |
|5/12/2016||Brad C Smith||Insider||Sell||10,000||$25.42||$254,200.00||44,100|| |
|5/5/2016||Mike Hinson||VP||Sell||25,000||$23.69||$592,250.00||796,653|| |
|4/20/2016||Mike Hinson||VP||Sell||25,000||$23.47||$586,750.00||821,653|| |
|4/6/2016||Mike Hinson||VP||Sell||25,000||$22.71||$567,750.00||864,153|| |
|3/23/2016||Bryan Sheffield||Major Shareholder||Sell||35,715||$21.81||$778,944.15||12,269,935|| |
|3/16/2016||Bryan Sheffield||Major Shareholder||Sell||35,715||$21.33||$761,800.95||12,305,650|| |
|3/3/2016||Hemang Desai||Director||Buy||1,000||$18.33||$18,330.00||14,647|| |
|3/2/2016||Colin Roberts||VP||Sell||25,000||$18.67||$466,750.00||278,770|| |
|3/1/2016||Colin Roberts||VP||Sell||15,000||$18.51||$277,650.00||278,770|| |
|3/1/2016||Matthew Gallagher||Insider||Sell||90,000||$18.49||$1,664,100.00||457,318|| |
|2/29/2016||Mike Hinson||VP||Sell||50,000||$18.38||$919,000.00||871,653|| |
|2/24/2016||Bryan Sheffield||Major Shareholder||Sell||35,715||$16.24||$580,011.60||12,412,795|| |
|2/17/2016||Bryan Sheffield||major shareholder||Sell||35,715||$16.81||$600,369.15||22,716,573|| |
|2/10/2016||Bryan Sheffield||major shareholder||Sell||35,715||$16.24||$580,011.60||22,716,573|| |
|2/3/2016||Bryan Sheffield||major shareholder||Sell||35,715||$18.72||$668,584.80||22,716,573|| |
|1/27/2016||Bryan Sheffield||major shareholder||Sell||35,715||$17.67||$631,084.05||22,716,573|| |
|1/20/2016||Bryan Sheffield||major shareholder||Sell||35,715||$15.12||$540,010.80||22,716,573|| |
|1/13/2016||Bryan Sheffield||major shareholder||Sell||35,715||$16.29||$581,797.35||22,716,573|| |
|1/6/2016||Bryan Sheffield||major shareholder||Sell||35,715||$17.74||$633,584.10||22,716,573|| |
|12/18/2015||Mike Hinson||VP||Sell||20,000||$18.22||$364,400.00||1,537,610|| |
|12/8/2015||Mike Hinson||VP||Sell||21,666||$18.58||$402,554.28||1,537,610|| |
|12/1/2015||Ryan Dalton||insider||Sell||37,500||$20.03||$751,125.00||1,076,327|| |
|11/20/2015||Mike Hinson||VP||Sell||20,000||$19.17||$383,400.00||1,537,610|| |
|11/10/2015||Mike Hinson||VP||Sell||21,666||$18.58||$402,554.28||1,537,610|| |
|11/2/2015||Paul Treadwell||VP||Sell||150,000||$17.94||$2,691,000.00||768,805|| |
|10/22/2015||Mike Hinson||VP||Sell||20,000||$16.90||$338,000.00||1,537,610|| |
|10/8/2015||Ryan Dalton||insider||Sell||56,967||$17.60||$1,002,619.20||1,076,327|| |
|10/6/2015||Mike Hinson||VP||Sell||21,666||$16.92||$366,588.72||1,537,610|| |
|10/2/2015||Paul Treadwell||VP||Sell||150,000||$15.62||$2,343,000.00||768,805|| |
|9/8/2015||Mike Hinson||VP||Sell||21,666||$16.08||$348,389.28||1,537,610|| |
|9/1/2015||Paul Treadwell||VP||Sell||150,000||$16.30||$2,445,000.00||768,805|| |
|8/28/2015||Mike Hinson||VP||Sell||20,000||$16.06||$321,200.00||1,537,610|| |
|8/14/2015||Matthew Gallagher||Insider||Sell||100,000||$15.92||$1,592,000.00|| |
|8/12/2015||Mike Hinson||VP||Sell||41,667||$16.13||$672,088.71|| |
|7/14/2015||Ryan Dalton||Insider||Sell||23,033||$17.51||$403,307.83|| |
|7/8/2015||Bryan Sheffield||Major Shareholder||Sell||20,000||$16.35||$327,000.00|| |
|7/7/2015||Mike Hinson||VP||Sell||21,667||$16.07||$348,188.69|| |
|7/1/2015||Bryan Sheffield||Major Shareholder||Sell||26,667||$17.06||$454,939.02|| |
|6/25/2015||Mike Hinson||VP||Sell||20,000||$18.39||$367,800.00|| |
|6/24/2015||Bryan Sheffield||Major Shareholder||Sell||33,333||$18.37||$612,327.21|| |
|6/17/2015||Bryan Sheffield||Major Shareholder||Sell||36,667||$18.11||$664,039.37|| |
|6/10/2015||Bryan Sheffield||Major Shareholder||Sell||43,333||$18.80||$814,660.40|| |
|6/10/2015||Paul Treadwell||VP||Sell||17,499||$18.96||$331,781.04|| |
|5/28/2015||Mike Hinson||VP||Sell||20,000||$16.64||$332,800.00|| |
|4/23/2015||Mike Hinson||VP||Sell||20,000||$16.11||$322,200.00|| |
|4/7/2015||Paul Treadwell||VP||Sell||20,833||$17.52||$364,994.16|| |
|4/7/2015||Ryan Dalton||Insider||Sell||40,000||$17.52||$700,800.00|| |
|3/26/2015||Mike Hinson||VP||Sell||60,266||$16.12||$971,487.92|| |
|3/25/2015||Bryan Sheffield||Major Shareholder||Sell||42,858||$15.93||$682,727.94|| |
|3/3/2015||Hemang Desai||Director||Buy||1,000||$14.74||$14,740.00|| |
|2/3/2015||Paul Treadwell||VP||Sell||45,496||$17.83||$811,193.68|| |
|1/28/2015||Bryan Sheffield||CEO||Sell||42,858||$16.15||$692,156.70|| |
|1/27/2015||Paul Treadwell||VP||Sell||65,644||$17.56||$1,152,708.64|| |
|1/22/2015||Mike Hinson||VP||Sell||41,667||$16.20||$675,005.40|| |
|1/21/2015||Bryan Sheffield||Major Shareholder||Sell||42,858||$16.43||$704,156.94|| |
|1/21/2015||Paul Treadwell||VP||Sell||33,600||$16.52||$555,072.00|| |
|1/7/2015||Bryan Sheffield||CEO||Sell||40,614||$14.06||$571,032.84|| |
|12/17/2014||James Andrew Charles Robinson||Insider||Buy||30,000||$0.20||$5,850.00|
|5/29/2014||Bryan Sheffield||Major Shareholder||Sell||1,909,091||$17.48||$33,370,910.68|| |
|5/29/2014||Matthew Gallagher||Insider||Sell||60,606||$17.48||$1,059,392.88|| |
Parsley Energy (NYSE PE) News Headlines
Parsley Energy (NYSE:PE) SEC Filings
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Parsley Energy (NYSE:PE) Income Statement, Balance Sheet and Cash Flow Statement
Parsley Energy (NYSE PE) Stock Chart for Sunday, February, 18, 2018