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
SymbolNYSE:PE
CUSIPN/A
Phone737-704-2300
Debt
Debt-to-Equity Ratio0.37
Current Ratio1.20
Quick Ratio1.20
Price-To-Earnings
Trailing P/E Ratio45.46
Forward P/E Ratio18.56
P/E Growth0.62
Sales & Book Value
Annual Sales$967.04 million
Price / Sales10.28
Cash Flow$1.7743 per share
Price / Cash17.68
Book Value$18.70 per share
Price / Book1.68
Profitability
EPS (Most Recent Fiscal Year)$0.69
Net Income$106.77 million
Net Margins13.82%
Return on Equity3.71%
Return on Assets2.58%
Miscellaneous
Employees460
Outstanding Shares316,840,000
Market Cap$9,996.37
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) issued its earnings results on Thursday, May, 3rd. The oil and natural gas company reported $0.31 EPS for the quarter, topping the consensus estimate of $0.24 by $0.07. The oil and natural gas company earned $392.70 million during the quarter, compared to analyst estimates of $348.64 million. Parsley Energy had a return on equity of 3.71% and a net margin of 13.82%. The business's revenue was up 95.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.13 EPS. View Parsley Energy's Earnings History.
When is Parsley Energy's next earnings date?
What price target have analysts set for PE?
25 brokerages have issued 12-month price objectives for Parsley Energy's stock. Their forecasts range from $25.00 to $55.00. On average, they expect Parsley Energy's share price to reach $38.3333 in the next year. This suggests a possible upside of 22.2% from the stock's current price. View Analyst Ratings for Parsley Energy.
What is the consensus analysts' recommendation for Parsley Energy?
25 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Parsley Energy in the last year. There are currently 3 hold ratings and 22 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
Who are some of Parsley Energy's key competitors?
Some companies that are related to Parsley Energy include Anadarko Petroleum (APC), The Hong Kong and China Gas (HOKCY), Pioneer Natural Resources (PXD), Sasol (SSL), WOODSIDE Pet Lt/ADR (WOPEY), Continental Resources (CLR), Devon Energy (DVN), Concho Resources (CXO), Marathon Oil (MRO), Apache (APA), Noble Energy (NBL), Rwe Ag Sp (RWEOY), GALP ENERGIA SG/ADR (GLPEY), EQT (EQT) and Diamondback Energy (FANG).
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, COO & 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)
Has Parsley Energy been receiving favorable news coverage?
News coverage about PE stock has trended somewhat positive on Monday, according to Accern Sentiment Analysis. The research group identifies positive and negative media coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Parsley Energy earned a news impact score of 0.15 on Accern's scale. They also gave press coverage about the oil and natural gas company an impact score of 48.83 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company's share price in the near future.
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 Scout Investments Inc. (0.18%), Channing Capital Management LLC (0.13%), Fisher Asset Management LLC (0.11%), Viking Fund Management LLC (0.10%), Nippon Life Global Investors Americas Inc. (0.07%) and Fred Alger Management Inc. (0.05%). Company insiders that own Parsley Energy stock include A R Alameddine, Bryan Sheffield, Colin Roberts, David Henry Smith, Jerry Windlinger, Matthew Gallagher, 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 Viking Fund Management LLC, Channing Capital Management LLC, Spirit of America Management Corp NY, Sumitomo Life Insurance Co., Scout Investments Inc., Fred Alger Management Inc., Nippon Life Global Investors Americas Inc. and Fjarde AP Fonden Fourth Swedish National Pension Fund. Company insiders that have sold Parsley Energy company stock in the last year include Colin Roberts and Mike Hinson. View Insider Buying and Selling for Parsley Energy.
Which institutional investors are buying Parsley Energy stock?
PE stock was bought by a variety of institutional investors in the last quarter, including Fisher Asset Management LLC, Denali Advisors LLC, Miller Howard Investments Inc. NY, Sippican Capital Advisors, AMG National Trust Bank, Nisa Investment Advisors LLC, State of Alaska Department of Revenue and Amalgamated Bank. Company insiders that have bought Parsley Energy stock in the last two years include A R Alameddine, Bryan Sheffield, 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 $31.37.
How big of a company is Parsley Energy?
Parsley Energy has a market capitalization of $10.00 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.
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.
