NYSE:PE Parsley Energy Stock Forecast, Price & News Adding Choose a watchlist: Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding Parsley Energy Inc Please log in to your account or sign up in order to add this asset to your watchlist. Log In and Add $9.39 -0.13 (-1.37 %) (As of 09/22/2020 12:12 PM ET) Add Compare Share Today's Range$9.35Now: $9.39▼$9.7550-Day Range$9.31MA: $10.85▼$12.4252-Week Range$3.92Now: $9.39▼$20.13Volume130,518 shsAverage Volume9.63 million shsMarket Capitalization$3.88 billionP/E RatioN/ADividend Yield2.01%Beta2.25 ProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media 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.Read More Beat the Market (BTM) Rank™ 4.5 Analyst's Opinion Consensus RatingParsley Energy has received a consensus rating of Buy. The company's average rating score is 2.96, and is based on 20 buy ratings, 2 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $15.35, Parsley Energy has a forecasted upside of 61.2% from its current price of $9.52.Amount of Analyst CoverageParsley Energy has been the subject of 13 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Previous Next 3.2 Community Rank Outperform VotesParsley Energy has received 843 “outperform” votes. (Add your “outperform” vote.)Underperform VotesParsley Energy has received 481 “underperform” votes. (Add your “underperform” vote.)Community SentimentParsley Energy has received 63.67% “outperform” votes from our community.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. Previous Next 2.5 Dividend Strength Dividend YieldParsley Energy pays a meaningful dividend of 2.01%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthParsley Energy has only been increasing its dividend for 1 years.Dividend CoverageThe dividend payout ratio of Parsley Energy is 17.86%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, Parsley Energy will have a dividend payout ratio of 20.83% next year. This indicates that Parsley Energy will be able to sustain or increase its dividend. Previous Next 1.0 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Parsley Energy insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $7,408,200.00 in company stock.Percentage Held by InsidersOnly 19.42% of the stock of Parsley Energy is held by insiders.Percentage Held by Institutions72.58% of the stock of Parsley Energy is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 3.8 Earnings and Valuation Earnings GrowthEarnings for Parsley Energy are expected to grow by 54.84% in the coming year, from $0.62 to $0.96 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Parsley Energy is -0.97, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Earnings Ratio vs. SectorThe P/E ratio of Parsley Energy is -0.97, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Earnings Growth RatioParsley Energy has a PEG Ratio of 0.41. PEG Ratios below 1 indicate that a company could be undervalued.Price to Book Value per Share RatioParsley Energy has a P/B Ratio of 0.46. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Previous Next 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 Stock Exchange NYSE Industry Crude petroleum & natural gas Sub-IndustryN/A SectorOils/Energy Current SymbolNYSE:PE Previous Symbol CUSIPN/A CIK1594466 Webwww.parsleyenergy.com Phone737-704-2300Debt Debt-to-Equity Ratio0.76 Current Ratio0.54 Quick Ratio0.54Price-To-Earnings Trailing P/E RatioN/A Forward P/E Ratio15.15 P/E Growth0.41 Sales & Book Value Annual Sales$1.96 billion Price / Sales1.98 Cash Flow$3.53 per share Price / Cash Flow2.66 Book Value$20.60 per share Price / Book0.46Profitability EPS (Most Recent Fiscal Year)$1.12 Net Income$175.21 million Net Margins-200.23% Return on Equity5.13% Return on Assets3.06%Miscellaneous Employees527 Outstanding Shares412,787,000Market Cap$3.88 billion Next Earnings Date11/3/2020 (Estimated) OptionableOptionable $9.39 -0.13 (-1.37 %) (As of 09/22/2020 12:12 PM ET) 30 days | 90 days | 365 days | Advanced Chart Receive PE News and Ratings via Email Sign-up to receive the latest news and ratings for PE and its competitors with MarketBeat's FREE daily newsletter. 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 COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, PE shares have increased by 38.3% and is now trading at $9.39. 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 earnings results on Wednesday, August, 5th. The oil and natural gas company reported $0.03 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of ($0.14) by $0.17. The oil and natural gas company had revenue of $220.21 million for the quarter, compared to the consensus estimate of $327.18 million. Parsley Energy had a negative net margin of 200.23% and a positive return on equity of 5.13%. 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 Wednesday, August 5th. Investors of record on Tuesday, September 8th will be given a dividend of $0.05 per share on Friday, September 18th. This represents a $0.20 dividend on an annualized basis and a yield of 2.13%. The ex-dividend date is Friday, September 4th. View Parsley Energy's dividend history. What price target have analysts set for PE? 23 analysts 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 stock price to reach $15.35 in the next twelve months. This suggests a possible upside of 63.4% from the stock's current price. View analysts' price targets for Parsley Energy. Who are some of Parsley Energy's key competitors? Some companies that are related to Parsley Energy include Pioneer Natural Resources (PXD), WOODSIDE PET LT/ADR (WOPEY), Encana (ECA), Occidental Petroleum (OXY), Concho Resources (CXO), GALP ENERGIA SG/ADR (GLPEY), Cabot Oil & Gas (COG), TORAY INDUSTRIE/ADR (TRYIY), Diamondback Energy (FANG), Continental Resources (CLR), Sasol (SSL), Cenovus Energy (CVE), Apache (APA), Apache (APA) and Noble Energy (NBL). View all 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 $9.39. How big of a company is Parsley Energy? Parsley Energy has a market capitalization of $3.88 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 9/22/2020 by MarketBeat.com Staff 30 Days of MarketBeat All Access for $1.00 Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis. Start Your Risk-Free Trial Subscription Here Questions? Get Started with MarketBeat — Read Your Daily NewsletterCheck Out My MarketBeatWatch Our Tutorial VideosAdd a Stock to Your WatchlistSet Up an Instant AlertView a Company's Profile PageView Our Financial CalendarsView Today's Analyst Ratings
