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
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) posted its earnings results on Thursday, November, 1st. The oil and natural gas company reported $0.45 earnings per share for the quarter, beating analysts' consensus estimates of $0.44 by $0.01. The oil and natural gas company earned $511 million during the quarter, compared to analyst estimates of $493.44 million. Parsley Energy had a net margin of 21.70% and a return on equity of 6.77%. Parsley Energy's revenue for the quarter was up 112.0% compared to the same quarter last year. During the same period last year, the firm posted $0.12 earnings per share. View Parsley Energy's Earnings History.
When is Parsley Energy's next earnings date?
What price target have analysts set for PE?
32 brokers have issued 1-year price objectives for Parsley Energy's stock. Their forecasts range from $19.00 to $57.00. On average, they anticipate Parsley Energy's share price to reach $33.5667 in the next year. This suggests a possible upside of 74.4% 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.
Has Parsley Energy been receiving favorable news coverage?
Press coverage about PE stock has trended somewhat negative recently, InfoTrie reports. The research group identifies negative and positive media coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. Parsley Energy earned a coverage optimism score of -1.4 on InfoTrie's scale. They also gave news coverage about the oil and natural gas company a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the stock's share price in the near term.
Are investors shorting Parsley Energy?
Parsley Energy saw a increase in short interest in the month of December. As of December 31st, there was short interest totalling 16,067,311 shares, an increase of 36.9% from the December 14th total of 11,739,962 shares. Based on an average daily volume of 7,489,784 shares, the days-to-cover ratio is presently 2.1 days. Currently, 6.0% of the company's 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 WOODSIDE PET LT/ADR (WOPEY), Sasol (SSL), Continental Resources (CLR), Rwe Ag Sp (RWEOY), Marathon Oil (MRO), Devon Energy (DVN), GALP ENERGIA SG/ADR (GLPEY), Apache (APA), TORAY INDUSTRIE/ADR (TRYIY), Noble Energy (NBL), Cabot Oil & Gas (COG), Diamondback Energy (FANG), Cenovus Energy (CVE), Cimarex Energy (XEC) and Energen (EGN).
Who are Parsley Energy's key executives?
Parsley Energy's management team includes the folowing people:
- Mr. Bryan Sheffield, Founder, Chairman & CEO (Age 41)
- Mr. Matthew Gallagher, Pres & 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 number of of institutional and retail investors. Top institutional investors include Scout Investments Inc. (0.36%), Peregrine Capital Management LLC (0.26%), Nippon Life Global Investors Americas Inc. (0.10%), Denali Advisors LLC (0.07%), Spirit of America Management Corp NY (0.04%) and Gradient Investments LLC (0.01%). 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 institutional investors are selling Parsley Energy stock?
PE stock was sold by a variety of institutional investors in the last quarter, including Gradient Investments LLC, Spirit of America Management Corp NY, Sippican Capital Advisors and Oakbrook Investments LLC. 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 acquired by a variety of institutional investors in the last quarter, including Scout Investments Inc., Peregrine Capital Management LLC, Nippon Life Global Investors Americas Inc., Denali Advisors LLC, Cerebellum GP LLC and DNB Asset Management AS. 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 $19.25.
How big of a company is Parsley Energy?
Parsley Energy has a market capitalization of $6.10 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.
