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

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$18.26 -0.85 (-4.45 %)
(As of 03/22/2019 04:00 PM ET)
Previous Close$18.26
Today's Range$18.16 - $18.92
52-Week Range$14.17 - $33.43
Volume4.21 million shs
Average Volume5.40 million shs
Market Capitalization$5.78 billion
P/E Ratio12.95
Dividend YieldN/A
Beta0.39
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.

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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$2.9404 per share
Book Value$19.95 per share

Profitability

Net Income$369.13 million

Miscellaneous

Employees527
Market Cap$5.78 billion
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 earnings results on Thursday, February, 21st. The oil and natural gas company reported $0.30 EPS for the quarter, missing the consensus estimate of $0.34 by $0.04. The oil and natural gas company earned $454.90 million during the quarter, compared to the consensus estimate of $456.66 million. Parsley Energy had a return on equity of 6.43% and a net margin of 20.21%. The business's revenue was up 46.0% compared to the same quarter last year. During the same quarter last year, the business earned $0.30 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 Thursday, May 2nd 2019. View Earnings Estimates for Parsley Energy.

What price target have analysts set for PE?

29 equities research analysts have issued 1 year price targets for Parsley Energy's shares. Their forecasts range from $18.00 to $55.00. On average, they anticipate Parsley Energy's stock price to reach $32.32 in the next twelve months. This suggests a possible upside of 77.0% 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 4 hold ratings, 24 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?

Headlines about PE stock have been trending somewhat negative on Saturday, InfoTrie reports. InfoTrie rates the sentiment of press coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. Parsley Energy earned a media sentiment score of -1.5 on InfoTrie's scale. They also assigned media stories about the oil and natural gas company a news buzz of 9.0 out of 10, meaning that recent press coverage is extremely likely to have an impact on the company's share price in the near future.

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), Diamondback Energy (FANG), Alibaba Group (BABA), NVIDIA (NVDA), Devon Energy (DVN), Advanced Micro Devices (AMD), Broadcom (AVGO), Square (SQ) and Gilead Sciences (GILD).

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 institutional and retail investors. Top institutional investors include BlackRock Inc. (4.27%), FMR LLC (2.50%), Boston Partners (2.27%), Barrow Hanley Mewhinney & Strauss LLC (2.11%), Victory Capital Management Inc. (2.11%) and Bank of New York Mellon Corp (2.07%). Company insiders that own Parsley Energy stock include A R Alameddine, Bryan Sheffield, Colin Roberts, Hemang Desai, Mike Hinson, Ron Brokmeyer and Ryan Dalton. View Institutional Ownership Trends for Parsley Energy.

Which institutional 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, FMR LLC, Van ECK Associates Corp, Barrow Hanley Mewhinney & Strauss LLC, Bank of New York Mellon Corp, Paloma Partners Management Co and Bank of America Corp 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 institutional investors are buying Parsley Energy stock?

PE stock was purchased by a variety of institutional investors in the last quarter, including Norges Bank, Zimmer Partners LP, Scout Investments Inc., Mackenzie Financial Corp, Dimensional Fund Advisors LP, Two Sigma Investments LP, LSP Investment Advisors LLC and Peregrine Capital Management LLC. Company insiders that have bought Parsley Energy stock in the last two years include A R Alameddine, Bryan Sheffield, Hemang Desai 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 $18.26.

How big of a company is Parsley Energy?

Parsley Energy has a market capitalization of $5.78 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.

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:  688 (Vote Outperform)
Underperform Votes:  375 (Vote Underperform)
Total Votes:  1,063
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 3/23/2019 by MarketBeat.com Staff

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