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NYSE:PEParsley Energy Stock Price, Forecast & News

$12.22
+0.94 (+8.33 %)
(As of 06/5/2020 04:00 PM ET)
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Today's Range
$11.92
Now: $12.22
$12.50
50-Day Range
$6.27
MA: $8.81
$11.28
52-Week Range
$3.92
Now: $12.22
$20.80
Volume17.68 million shs
Average Volume10.69 million shs
Market Capitalization$5.04 billion
P/E RatioN/A
Dividend Yield1.77%
Beta2.1
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. The company was founded in 2008 and is headquartered in Austin, Texas.
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Beat the Market (BTM) Rank

Analyst Opinion: 4.4Community Rank: 3.2Dividend Strength: 2.5Insider Behavior: 1.0Valuation: 0.6 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.35 out of 5 stars


Industry, Sector and Symbol

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

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$1.96 billion
Cash Flow$3.80 per share
Book Value$20.60 per share

Profitability

Net Income$175.21 million
Net Margins-151.11%

Miscellaneous

Employees527
Market Cap$5.04 billion
Next Earnings Date8/4/2020 (Estimated)
OptionableOptionable

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Parsley Energy (NYSE:PE) Frequently Asked Questions

How has Parsley Energy's stock been impacted by COVID-19 (Coronavirus)?

Parsley Energy's stock was trading at $6.79 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, PE shares have increased by 80.0% and is now trading at $12.22. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Parsley Energy?

22 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Parsley Energy in the last year. There are currently 3 hold ratings and 19 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Parsley Energy.

When is Parsley Energy's next earnings date?

Parsley Energy is scheduled to release its next quarterly earnings announcement on Tuesday, August 4th 2020. View our earnings forecast for Parsley Energy.

How were Parsley Energy's earnings last quarter?

Parsley Energy Inc (NYSE:PE) posted its quarterly earnings results on Monday, May, 4th. The oil and natural gas company reported $0.29 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.05. The oil and natural gas company earned $564.80 million during the quarter, compared to the consensus estimate of $597.35 million. Parsley Energy had a negative net margin of 151.11% and a positive return on equity of 5.98%. The company's quarterly revenue was up 32.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.22 earnings per share. View Parsley Energy's earnings history.

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

Parsley Energy declared a quarterly dividend on Monday, May 4th. Shareholders of record on Tuesday, June 9th will be given a dividend of $0.05 per share on Friday, June 19th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.64%. The ex-dividend date is Monday, June 8th. View Parsley Energy's dividend history.

What price target have analysts set for PE?

22 Wall Street analysts have issued 12 month price targets for Parsley Energy's shares. Their forecasts range from $9.00 to $29.00. On average, they anticipate Parsley Energy's share price to reach $16.05 in the next year. This suggests a possible upside of 31.3% from the stock's current price. View analysts' price targets for Parsley Energy.

Has Parsley Energy been receiving favorable news coverage?

News headlines about PE stock have trended extremely negative this week, according to InfoTrie Sentiment Analysis. The research firm scores the sentiment of press coverage by monitoring more than six thousand news and blog sources in real-time. 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 coverage optimism score of -5.0 on InfoTrie's scale. They also gave media stories about the oil and natural gas company a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an impact on the company's share price in the near term. View the latest news aboutParsley Energy.

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 Micron Technology (MU), Pioneer Natural Resources (PXD), Alibaba Group (BABA), Boeing (BA), Diamondback Energy (FANG), Citigroup (C), Cisco Systems (CSCO), Johnson & Johnson (JNJ), NVIDIA (NVDA) and Broadcom (AVGO).

Who are Parsley Energy's key executives?

Parsley Energy's management team includes the following 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)

What is Parsley Energy's stock symbol?

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

Who are Parsley Energy's major shareholders?

Parsley Energy's stock is owned by many different institutional and retail investors. Top institutional investors include BlackRock Inc. (3.33%), Nuveen Asset Management LLC (2.47%), Victory Capital Management Inc. (2.21%), Victory Capital Management Inc. (2.21%), State Street Corp (2.20%) and Invesco Ltd. (1.82%). 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 Nuveen Asset Management LLC, JPMorgan Chase & Co., William Blair Investment Management LLC, Van ECK Associates Corp, Bank of New York Mellon Corp, Vaughan Nelson Investment Management L.P., Federated Hermes Inc., and Mackenzie Financial Corp. View insider buying and selling activity for Parsley Energy.

Which major investors are buying Parsley Energy stock?

PE stock was purchased by a variety of institutional investors in the last quarter, including AQR Capital Management LLC, Two Sigma Investments LP, State Street Corp, Morgan Stanley, Morgan Stanley, Two Sigma Advisers LP, Luminus Management LLC, and BlackRock Inc.. Company insiders that have bought Parsley Energy stock in the last two years include A R Alameddine, Hemang Desai, Jerry Windlinger, and Ron Brokmeyer. View insider buying and selling activity 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 $12.22.

How big of a company is Parsley Energy?

Parsley Energy has a market capitalization of $5.04 billion and generates $1.96 billion in revenue each year. The oil and natural gas company earns $175.21 million in net income (profit) each year or $1.12 on an earnings per share basis. Parsley Energy employs 527 workers across the globe.

What is Parsley Energy's official website?

The official website for Parsley Energy is 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]

This page was last updated on 6/7/2020 by MarketBeat.com Staff

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