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
Industry Crude petroleum & natural gas
Sub-IndustryN/A
SectorOils/Energy
Phone737-704-2300
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$967.04 million
Profitability
Miscellaneous
Employees460
Next Earnings Date5/2/2019 (Estimated)
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, February, 21st. The oil and natural gas company reported $0.30 earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $0.34 by $0.04. The oil and natural gas company had revenue of $454.90 million for the quarter, compared to analyst estimates of $456.66 million. Parsley Energy had a return on equity of 6.77% and a net margin of 21.70%. The firm's quarterly revenue was up 46.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.30 EPS. View Parsley Energy's Earnings History.
When is Parsley Energy's next earnings date?
What price target have analysts set for PE?
32 Wall Street analysts have issued 1 year target prices for Parsley Energy's stock. Their forecasts range from $18.00 to $57.00. On average, they expect Parsley Energy's stock price to reach $33.00 in the next year. This suggests a possible upside of 70.7% from the stock's current price. View Analyst Price Targets for Parsley Energy.
What is the consensus analysts' recommendation for Parsley Energy?
32 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Parsley Energy in the last year. There are currently 4 hold ratings, 27 buy ratings and 1 strong buy rating 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. 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)
- 2. 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. The company witnessed massive earnings jump in the last reported quarter thanks to output growth and crude price strength. In addition, Parsley’s strong cash flow generation and healthy balance sheet provides it with enough financial flexibility to tap strategic growth opportunities. However, while being incrementally positive about the company, its geographic concentration risk and infrastructural bottlenecks in the Permian region still remain matters of concern. Further, the high 2018 capex budget along with expected reduction in output in the fourth quarter due to weather related downtimes and asset sales may limit the company's overall earnings and margins. As such, the stock warrants a cautious stance." (2/14/2019)
Has Parsley Energy been receiving favorable news coverage?
Press coverage about PE stock has trended positive this week, InfoTrie Sentiment Analysis reports. InfoTrie identifies negative and positive media coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Parsley Energy earned a news impact score of 2.7 on InfoTrie's scale. They also assigned news articles about the oil and natural gas company a news buzz of 10.0 out of 10, meaning that recent media coverage is extremely likely to have an effect on the stock's share price in the next several days.
Are investors shorting Parsley Energy?
Parsley Energy saw a decline in short interest during the month of January. As of January 31st, there was short interest totalling 9,628,286 shares, a decline of 32.7% from the January 15th total of 14,306,883 shares. Based on an average daily trading volume, of 5,410,824 shares, the days-to-cover ratio is presently 1.8 days. Currently, 3.6% 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?
Some companies that are related to Parsley Energy include Anadarko Petroleum (APC), Concho Resources (CXO), Sasol (SSL), Continental Resources (CLR), Rwe Ag Sp (RWEOY), Devon Energy (DVN), Marathon Oil (MRO), GALP ENERGIA SG/ADR (GLPEY), Apache (APA), TORAY INDUSTRIE/ADR (TRYIY), Noble Energy (NBL), Cenovus Energy (CVE), Diamondback Energy (FANG), Cabot Oil & Gas (COG) and Cimarex Energy (XEC).
What other stocks do shareholders of Parsley Energy own?
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. Michael W. Hinson, Co-Founder & Sr. VP of Corp. Devel. (Age 51)
- Mr. Ryan Dalton, Exec. VP & CFO (Age 40)
- 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 a variety of of retail and institutional investors. Top institutional investors include BlackRock Inc. (4.27%), Boston Partners (2.27%), Barrow Hanley Mewhinney & Strauss LLC (2.11%), Victory Capital Management Inc. (2.11%), Bank of New York Mellon Corp (2.07%) and Van ECK Associates Corp (1.62%). 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 Millennium Management LLC, Boston Partners, Van ECK Associates Corp, Barrow Hanley Mewhinney & Strauss LLC, Bank of New York Mellon Corp, Paloma Partners Management Co, Bank of America Corp DE and Carmignac Gestion. 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 Zimmer Partners LP, Scout Investments Inc., Mackenzie Financial Corp, Dimensional Fund Advisors LP, Two Sigma Investments LP, LSP Investment Advisors LLC, Peregrine Capital Management LLC and CIBC Private Wealth Group LLC. 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 $19.33.
How big of a company is Parsley Energy?
Parsley Energy has a market capitalization of $6.12 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.
