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NYSE:PE

Parsley Energy Stock Forecast, Price & News

$9.57
-0.36 (-3.63 %)
(As of 09/21/2020 01:33 PM ET)
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Compare
Today's Range
$9.43
Now: $9.57
$9.69
50-Day Range
$9.31
MA: $10.92
$12.42
52-Week Range
$3.92
Now: $9.57
$20.13
Volume227,092 shs
Average Volume9.63 million shs
Market Capitalization$3.95 billion
P/E RatioN/A
Dividend Yield2.01%
Beta2.25
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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Parsley Energy logo

Beat the Market (BTM) Rank

Analyst Opinion: 4.5Community Rank: 3.2Dividend Strength: 2.5Insider Behavior: 1.0Valuation: 3.8 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.99 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$3.60 per share
Book Value$20.60 per share

Profitability

Net Income$175.21 million
Net Margins-200.23%

Miscellaneous

Employees527
Market Cap$3.95 billion
Next Earnings Date11/3/2020 (Estimated)
OptionableOptionable
$9.57
-0.36 (-3.63 %)
(As of 09/21/2020 01:33 PM ET)
30 days | 90 days | 365 days | Advanced Chart

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Parsley Energy (NYSE:PE) Frequently Asked Questions

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

Parsley Energy's stock was trading at $6.79 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, PE stock has increased by 40.9% and is now trading at $9.57.
View which stocks have been most impacted by COVID-19
.

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

23 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Parsley Energy in the last year. There are currently 2 hold ratings, 20 buy ratings and 1 strong buy rating 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, November 3rd 2020.
View our earnings forecast for Parsley Energy
.

How were Parsley Energy's earnings last quarter?

Parsley Energy Inc (NYSE:PE) released its quarterly earnings results on Wednesday, August, 5th. The oil and natural gas company reported $0.03 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of ($0.14) by $0.17. The oil and natural gas company earned $220.21 million during the quarter, compared to analysts' expectations of $327.18 million. Parsley Energy had a positive return on equity of 5.13% and a negative net margin of 200.23%.
View Parsley Energy's earnings history
.

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

Parsley Energy announced a quarterly dividend on Wednesday, August 5th. Shareholders of record on Tuesday, September 8th will be paid a dividend of $0.05 per share on Friday, September 18th. This represents a $0.20 annualized dividend and a yield of 2.09%. The ex-dividend date is Friday, September 4th.
View Parsley Energy's dividend history
.

What price target have analysts set for PE?

23 brokerages have issued 1 year price targets for Parsley Energy's shares. Their forecasts range from $9.00 to $24.00. On average, they anticipate Parsley Energy's share price to reach $15.35 in the next year. This suggests a possible upside of 60.4% from the stock's current price.
View analysts' price targets for Parsley 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), Boeing (BA), Johnson & Johnson (JNJ), NVIDIA (NVDA), Alibaba Group (BABA), Cisco Systems (CSCO), Pioneer Natural Resources (PXD), Intel (INTC), Advanced Micro Devices (AMD) and Devon Energy (DVN).

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 retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (6.82%), Nuveen Asset Management LLC (2.66%), Victory Capital Management Inc. (2.44%), Bank of New York Mellon Corp (1.46%), Encompass Capital Advisors LLC (1.00%) and Holocene Advisors LP (0.78%). Company insiders that own Parsley Energy stock include A R Alameddine, Bryan Sheffield, Colin Roberts, 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 Encompass Capital Advisors LLC, AQR Capital Management LLC, FMR LLC, Holocene Advisors LP, Alyeska Investment Group L.P., Balyasny Asset Management LLC, William Blair Investment Management LLC, and Peregrine Capital Management LLC. Company insiders that have sold Parsley Energy company stock in the last year include Bryan Sheffield, and Colin Roberts.
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 Marshall Wace North America L.P., Bank of New York Mellon Corp, First Trust Advisors LP, HITE Hedge Asset Management LLC, PointState Capital LP, Victory Capital Management Inc., UBS Group AG, and Nuveen Asset Management LLC. Company insiders that have bought Parsley Energy stock in the last two years include A R Alameddine, 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 $9.57.

How big of a company is Parsley Energy?

Parsley Energy has a market capitalization of $3.95 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, 78701. 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 9/21/2020 by MarketBeat.com Staff

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