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 Thursday, May, 4th. The company reported $0.15 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $0.09 by $0.06. The firm had revenue of $200.90 million for the quarter, compared to the consensus estimate of $181.23 million. Parsley Energy had a negative net margin of 4.26% and a positive return on equity of 2.04%. The company's revenue for the quarter was up 222.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.02) earnings per share. View Parsley Energy's Earnings History.

Parsley Energy is scheduled to release their next quarterly earnings announcement on Tuesday, August, 1st 2017. View Earnings Estimates for Parsley Energy.

25 brokers have issued 1 year price targets for Parsley Energy's shares. Their predictions range from $17.00 to $57.00. On average, they expect Parsley Energy's stock price to reach $40.20 in the next year. 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. " (7/15/2017)
• 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), Continental Resources (CLR), Cabot Oil & Gas Corporation (COG), EQT Corporation (EQT), Marathon Oil Corporation (MRO), Encana Corporation (ECA), Diamondback Energy (FANG), Cimarex Energy Co (XEC), EQT GP Holdings, LP (EQGP), Antero Resources Corporation (AR), Rice Energy (RICE), Newfield Exploration Company (NFX), RSP Permian (RSPP), Range Resources Corporation (RRC), Energen Corporation (EGN), Murphy Oil Corporation (MUR), Chesapeake Energy Corporation (CHK) and WPX Energy (WPX).

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
• Ronald Brokmeyer, Independent Director
• William L. Browning, Independent Director
• Hemang Desai Ph.D., Independent Director

Parsley Energy's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include Viking Fund Management LLC (0.32%), Sprott Inc. (0.19%), Russell Investments Group Ltd. (0.18%), Spirit of America Management Corp NY (0.15%), Adams Natural Resources Fund Inc. (0.09%) and Swarthmore Group Inc. (0.06%). 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 Russell Investments Group Ltd., Spirit of America Management Corp NY, CENTRAL TRUST Co, US Bancorp DE, Shell Asset Management Co. and DnB Asset Management AS. Company insiders that have sold Parsley Energy stock in the last year include Bryan Sheffield, Colin Roberts, David Henry Smith, Matthew Gallagher, Mike Hinson and Ryan Dalton. View Insider Buying and Selling for Parsley Energy.

Parsley Energy's stock was bought by a variety of institutional investors in the last quarter, including Adams Natural Resources Fund Inc., Swarthmore Group Inc., Quantitative Systematic Strategies LLC, Viking Fund Management LLC, Sprott Inc., Sumitomo Mitsui Asset Management Company LTD, Public Employees Retirement Association of Colorado and Mn Services Vermogensbeheer B.V.. 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 $29.59.