Parsley Energy Company Profile (NYSE:PE)

Parsley Energy trades on the New York Stock Exchange (NYSE) under the ticker symbol "PE."

Parsley Energy, Inc. (NYSE:PE) posted its quarterly earnings data on Wednesday, August, 2nd. The company reported $0.05 earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of $0.11 by $0.06. The business earned $213.68 million during the quarter, compared to analysts' expectations of $216.54 million. Parsley Energy had a return on equity of 1.70% and a net margin of 5.23%. The firm's revenue for the quarter was up 99.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.04 EPS. View Parsley Energy's Earnings History.

Parsley Energy is scheduled to release their next quarterly earnings announcement on Tuesday, October, 31st 2017. View Earnings Estimates for Parsley Energy.

21 brokers have issued 1 year price objectives for Parsley Energy's stock. Their forecasts range from $17.00 to $57.00. On average, they anticipate Parsley Energy's stock price to reach $40.48 in the next twelve months. View Analyst Ratings for Parsley Energy.

Here are some recent quotes from research analysts about Parsley Energy stock:

• 1. According to Zacks Investment Research, "Parsley Energy, Inc. is an independent oil and natural gas company. It is focused on the acquisition, development, and exploitation of unconventional oil and natural gas reserves in the Permian Basin. Parsley Energy, Inc. is headquartered in Midland, Texas. " (7/27/2017)
• 2. FBR & Co analysts commented, "Based on our May 2017 productivity reports, PE continues to be one of the most productive operators in the Midland Basin." (6/1/2017)
• 3. KLR Group analysts commented, "We are increasing our price target by $1 to $57 per share due to the acquisition of Double Eagle Energy and the subsequent acceleration of our drilling tempo forecast partly offset by the equity issuance and higher G&A. PE is acquiring Double Eagle Energy Permian, LLC for ~$2.8 bn, comprising ~$1.4 bn in cash and ~39.4 mm shares of stock. To fund the cash portion of the acquisition, PE priced ~41.4 mm shares (includes overallotment) at $31.00 for total gross proceeds of ~$1.28 bn. Including the shares issued to Double Eagle Energy, PE shares outstanding increased ~35%. Parsley also priced $450 mm in aggregate principal amount of 5.250% senior unsecured notes due '25." (2/10/2017)

Some companies that are related to Parsley Energy include Noble Energy (NBL), Cabot Oil & Gas Corporation (COG), EQT Corporation (EQT), Marathon Oil Corporation (MRO), Encana Corporation (ECA), Cimarex Energy Co (XEC), Diamondback Energy (FANG), EQT GP Holdings, LP (EQGP), Antero Resources Corporation (AR), Rice Energy (RICE), Newfield Exploration Company (NFX), RSP Permian (RSPP), Energen Corporation (EGN), Range Resources Corporation (RRC), Murphy Oil Corporation (MUR), WPX Energy (WPX), Vermilion Energy (VET) and Chesapeake Energy Corporation (CHK).

Parsley Energy's management team includes the folowing people:

• Bryan Sheffield, Chairman of the Board, Chief Executive Officer
• Matthew Gallagher, President, Chief Operating Officer
• Ryan Dalton, Chief Financial Officer, Executive Vice President
• Colin Roberts, Executive Vice President, General Counsel
• Mike Hinson, Senior Vice President - Corporate Development
• Stephanie Reed, Senior Vice President - Land
• A. R. Alameddine, Lead Independent Director
• Karen Hughes, Director
• Ronald Brokmeyer, Independent Director
• William L. Browning, Independent Director

Parsley Energy's stock is owned by a variety of of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (7.71%), Apollo Management Holdings L.P. (6.06%), Boston Partners (5.19%), BlackRock Inc. (4.64%), FMR LLC (4.09%) and TIAA CREF Investment Management LLC (3.29%). Company insiders that own Parsley Energy stock include A R Alameddine, Brad C Smith, Bryan Sheffield, Colin Roberts, David Henry Smith, Hemang Desai, Jerry Windlinger, Matthew Gallagher, Mike Hinson, Paul Treadwell and Ryan Dalton. View Institutional Ownership Trends for Parsley Energy.

Parsley Energy's stock was sold by a variety of institutional investors in the last quarter, including Discovery Capital Management LLC CT, Marshall Wace North America L.P., Key Group Holdings Cayman LTD., Nomura Holdings Inc., Hodges Capital Management Inc., First Trust Advisors LP, Russell Investments Group Ltd. and Westwood Holdings Group Inc.. Company insiders that have sold Parsley Energy stock in the last year include Bryan Sheffield, Colin Roberts, Matthew Gallagher, Mike Hinson and Ryan Dalton. View Insider Buying and Selling for Parsley Energy.

Parsley Energy's stock was acquired by a variety of institutional investors in the last quarter, including Apollo Management Holdings L.P., Victory Capital Management Inc., FMR LLC, Third Point LLC, JPMorgan Chase & Co., Balyasny Asset Management LLC, Pine River Capital Management L.P. and TVR Capital Management LP. Company insiders that have bought Parsley Energy stock in the last two years include A R Alameddine, Hemang Desai, Jerry Windlinger and Matthew Gallagher. View Insider Buying and Selling for Parsley Energy.

Shares of Parsley Energy can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of Parsley Energy stock can currently be purchased for approximately $24.56.