Parsley Energy, Inc., an independent oil and natural gas company, engages in the acquisition, development, production, exploration, and sale of crude oil and natural gas properties in the Permian Basin in West Texas and Southeastern New Mexico. As of December 31, 2017, its acreage position consisted of 219,747 net acres, including 174,392 net acres in the Midland Basin and 45,355 net acres in the Delaware Basin; and 241.0 net producing horizontal wells and 731.5 net producing vertical wells, as well an estimated proved oil and natural gas reserves were 416.4 MMBoe. The company was founded in 2008 and is headquartered in Austin, Texas.
Industry, Sector and Symbol
Stock Exchange NYSE
Industry Crude petroleum & natural gas
Sub-IndustryN/A
SectorOils/Energy
Current SymbolNYSE:PE
Previous Symbol
CUSIPN/A
Phone737-704-2300
Debt
Debt-to-Equity Ratio0.35
Current Ratio0.70
Quick Ratio0.70
Price-To-Earnings
Trailing P/E Ratio23.61
Forward P/E Ratio10.06
P/E Growth0.34
Sales & Book Value
Annual Sales$967.04 million
Price / Sales5.34
Cash Flow$1.8020 per share
Price / Cash Flow9.04
Book Value$18.70 per share
Price / Book0.87
Profitability
EPS (Most Recent Fiscal Year)$0.69
Net Income$106.77 million
Net Margins21.70%
Return on Equity6.77%
Return on Assets4.53%
Miscellaneous
Employees460
Outstanding Shares316,780,000
Market Cap$5.11 billion
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) announced its quarterly earnings results on Thursday, November, 1st. The oil and natural gas company reported $0.45 earnings per share for the quarter, beating analysts' consensus estimates of $0.44 by $0.01. The oil and natural gas company had revenue of $511 million for the quarter, compared to analysts' expectations of $493.44 million. Parsley Energy had a net margin of 21.70% and a return on equity of 6.77%. Parsley Energy's revenue was up 112.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.12 earnings per share. View Parsley Energy's Earnings History.
When is Parsley Energy's next earnings date?
What price target have analysts set for PE?
29 analysts have issued 1 year price targets for Parsley Energy's stock. Their predictions range from $25.00 to $57.00. On average, they anticipate Parsley Energy's share price to reach $35.7778 in the next twelve months. This suggests a possible upside of 119.1% from the stock's current price. View Analyst Price Targets for Parsley Energy.
What is the consensus analysts' recommendation for Parsley Energy?
29 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Parsley Energy in the last year. There are currently 5 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.
Has Parsley Energy been receiving favorable news coverage?
Media stories about PE stock have trended positive on Wednesday, according to InfoTrie. The research firm identifies positive and negative news coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. Parsley Energy earned a coverage optimism score of 3.0 on InfoTrie's scale. They also assigned news articles about the oil and natural gas company a news buzz of 5.0 out of 10, meaning that recent news coverage is somewhat likely to have an impact on the stock's share price in the near term.
Who are some of Parsley Energy's key competitors?
Some companies that are related to Parsley Energy include Sasol (SSL), Continental Resources (CLR), Rwe Ag Sp (RWEOY), Marathon Oil (MRO), GALP ENERGIA SG/ADR (GLPEY), Devon Energy (DVN), TORAY INDUSTRIE/ADR (TRYIY), Apache (APA), Noble Energy (NBL), Cabot Oil & Gas (COG), Cenovus Energy (CVE), Diamondback Energy (FANG), Energen (EGN), Cimarex Energy (XEC) and Encana (ECA).
Who are Parsley Energy's key executives?
Parsley Energy's management team includes the folowing people:
- Mr. Bryan Sheffield, Founder, Chairman & CEO (Age 40)
- Mr. Matthew Gallagher, Pres & Director (Age 36)
- Mr. Michael W. Hinson, Co-Founder & Sr. VP of Corp. Devel. (Age 50)
- Mr. Ryan Dalton, Exec. VP & CFO (Age 39)
- Mr. Colin W. Roberts, Exec. VP, Gen. Counsel & Sec. (Age 40)
Who are Parsley Energy's major shareholders?
Parsley Energy's stock is owned by many different of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (7.41%), Vanguard Group Inc (7.41%), JPMorgan Chase & Co. (4.80%), BlackRock Inc. (4.19%), TIAA CREF Investment Management LLC (3.43%) and Capital World Investors (3.40%). Company insiders that own Parsley Energy stock include A R Alameddine, Bryan Sheffield, Colin Roberts, Hemang Desai, Jerry Windlinger, Matthew Gallagher, Mike Hinson, Ron Brokmeyer and Ryan Dalton. 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 Point72 Asset Management L.P., Key Group Holdings Cayman LTD., Morgan Stanley, Luminus Management LLC, FMR LLC, Marshall Wace LLP, Bank of Montreal Can and Marshall Wace North America L.P.. 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 bought by a variety of institutional investors in the last quarter, including Eagle Asset Management Inc., Carillon Tower Advisers Inc., Schroder Investment Management Group, Vanguard Group Inc, Vanguard Group Inc., JPMorgan Chase & Co., United Services Automobile Association and Dimensional Fund Advisors LP. Company insiders that have bought Parsley Energy stock in the last two years include A R Alameddine, Bryan Sheffield, Hemang Desai, Jerry Windlinger, Matthew Gallagher 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 $16.33.
How big of a company is Parsley Energy?
Parsley Energy has a market capitalization of $5.11 billion and generates $967.04 million in revenue each year. The oil and natural gas company earns $106.77 million in net income (profit) each year or $0.69 on an earnings per share basis. Parsley Energy employs 460 workers across the globe.
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.
