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NYSE:PE - Parsley Energy Stock Price, Forecast & News

$16.43
-0.33 (-1.97 %)
(As of 02/18/2020 04:00 PM ET)
Today's Range
$16.07
Now: $16.43
$16.49
50-Day Range
$16.28
MA: $17.59
$20.03
52-Week Range
$13.72
Now: $16.43
$22.11
Volume5.06 million shs
Average Volume6.24 million shs
Market Capitalization$5.20 billion
P/E Ratio17.48
Dividend Yield0.72%
Beta0.72
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$3.01 per share
Book Value$19.95 per share

Profitability

Net Income$369.13 million

Miscellaneous

Employees527
Market Cap$5.20 billion
Next Earnings Date2/19/2020 (Confirmed)
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 Thursday, January 23rd. Shareholders of record on Tuesday, March 10th will be given a dividend of $0.05 per share on Friday, March 20th. This represents a $0.20 annualized dividend and a dividend yield of 1.22%. The ex-dividend date is Monday, March 9th. This is a boost from Parsley Energy's previous quarterly dividend of $0.03. View Parsley Energy's Dividend History.

How were Parsley Energy's earnings last quarter?

Parsley Energy Inc (NYSE:PE) announced its quarterly earnings data on Tuesday, November, 5th. The oil and natural gas company reported $0.29 EPS for the quarter, missing the Zacks' consensus estimate 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%. Parsley Energy's quarterly revenue was down .2% compared to the same quarter last year. 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 Wednesday, February 19th 2020. View Earnings Estimates for Parsley Energy.

How can I listen to Parsley Energy's earnings call?

Parsley Energy will be holding an earnings conference call on Wednesday, February 19th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

What price target have analysts set for PE?

23 brokers have issued 1-year price objectives for Parsley Energy's stock. Their forecasts range from $19.00 to $55.00. On average, they expect Parsley Energy's share price to reach $25.59 in the next twelve months. This suggests a possible upside of 55.7% from the stock's current price. View Analyst Price Targets for Parsley Energy.

What is the consensus analysts' recommendation for Parsley Energy?

23 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Parsley Energy in the last year. There are currently 3 hold ratings and 20 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 trended somewhat positive on Tuesday, according to InfoTrie Sentiment Analysis. The research group rates the sentiment of media coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Parsley Energy earned a media sentiment score of 0.8 on InfoTrie's scale. They also assigned press coverage about the oil and natural gas company a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the company's share price in the near future. View News Stories for Parsley Energy.

Are investors shorting Parsley Energy?

Parsley Energy saw a decrease in short interest in January. As of January 31st, there was short interest totalling 12,820,000 shares, a decrease of 6.3% from the January 15th total of 13,680,000 shares. Based on an average daily trading volume, of 6,130,000 shares, the days-to-cover ratio is currently 2.1 days. Approximately 5.8% of the shares of the stock are sold short. 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), Alibaba Group (BABA), Exxon Mobil (XOM), Diamondback Energy (FANG), Devon Energy (DVN), NVIDIA (NVDA), Walt Disney (DIS), Occidental Petroleum (OXY) and Intel (INTC).

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 many different of institutional and retail investors. Top institutional shareholders include Victory Capital Management Inc. (2.84%), Victory Capital Management Inc. (2.82%), Capital World Investors (2.58%), FMR LLC (2.35%), State Street Corp (2.23%) and Van ECK Associates Corp (1.61%). 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 Barrow Hanley Mewhinney & Strauss LLC, Boston Partners, SG Americas Securities LLC, FMR LLC, State Street Corp, CIBC Private Wealth Group LLC, Alliancebernstein L.P. and US Bancorp DE. 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 Capital World Investors, Point72 Asset Management L.P., Vaughan Nelson Investment Management L.P., Janus Henderson Group PLC, Alyeska Investment Group L.P., Goldman Sachs Group Inc., Copeland Capital Management LLC and Beryl Capital Management LLC. 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 $16.43.

How big of a company is Parsley Energy?

Parsley Energy has a market capitalization of $5.20 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:  790 (Vote Outperform)
Underperform Votes:  459 (Vote Underperform)
Total Votes:  1,249
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 2/18/2020 by MarketBeat.com Staff

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