Parsley Energy Stock Forecast, Price & News

Parsley Energy's stock was trading at $6.79 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, PE shares have increased by 149.3% and is now trading at $16.93.
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25 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Parsley Energy in the last year. There are currently 6 hold ratings, 18 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" Parsley Energy stock.
View analyst ratings for Parsley Energy or view MarketBeat's top 5 stock picks.

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6,978 employees have rated Parsley Energy CEO Larry J. Merlo on Glassdoor.com. Larry J. Merlo has an approval rating of 37% among Parsley Energy's employees. This puts Larry J. Merlo in the bottom 10% of approval ratings compared to other CEOs of publicly-traded companies.

Parsley Energy is scheduled to release its next quarterly earnings announcement on Wednesday, February 17th 2021.
View our earnings forecast for Parsley Energy.

Parsley Energy, Inc. (NYSE:PE) released its earnings results on Wednesday, October, 28th. The oil and natural gas company reported $0.22 EPS for the quarter, beating analysts' consensus estimates of $0.16 by $0.06. The oil and natural gas company earned $447.39 million during the quarter, compared to analysts' expectations of $440.61 million. Parsley Energy had a positive return on equity of 5.13% and a negative net margin of 200.23%.
View Parsley Energy's earnings history.

Parsley Energy declared a quarterly dividend on Wednesday, October 28th. Stockholders of record on Tuesday, December 8th will be paid a dividend of $0.05 per share on Friday, December 18th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.18%. The ex-dividend date of this dividend is Monday, December 7th.
View Parsley Energy's dividend history.

Parsley Energy pays an annual dividend of $0.20 per share and currently has a dividend yield of 1.18%. The dividend payout ratio of Parsley Energy is 17.86%. This payout ratio is at a healthy, sustainable level, below 75%. Based 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.
View Parsley Energy's dividend history.

25 equities research analysts have issued 1-year target prices for Parsley Energy's shares. Their forecasts range from $9.00 to $22.00. On average, they anticipate Parsley Energy's stock price to reach $14.63 in the next year. This suggests that the stock has a possible downside of 13.6%.
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Some companies that are related to Parsley Energy include The Hong Kong and China Gas (HOKCY), Pioneer Natural Resources (PXD), Occidental Petroleum (OXY), Woodside Petroleum (WOPEY), Denbury (DEN), Concho Resources (CXO), Toray Industries (TRYIY), Diamondback Energy (FANG), Galp Energia, SGPS (GLPEY), Cenovus Energy (CVE), Cabot Oil & Gas (COG), Devon Energy (DVN), Continental Resources (CLR), Sasol (SSL) and Marathon Oil (MRO).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Parsley Energy investors own include Micron Technology (MU), Johnson & Johnson (JNJ), The Boeing (BA), Intel (INTC), NVIDIA (NVDA), Advanced Micro Devices (AMD), Devon Energy (DVN), Alibaba Group (BABA), Diamondback Energy (FANG) and Cisco Systems (CSCO).

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

Parsley Energy's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Tributary Capital Management LLC (0.28%), Wedge Capital Management L L P NC (0.16%), Viking Fund Management LLC (0.11%), Gradient Investments LLC (0.10%), Richard P Slaughter Associates Inc (0.02%) and Sippican Capital Advisors (0.02%). 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.

PE stock was sold by a variety of institutional investors in the last quarter, including Wedge Capital Management L L P NC, Viking Fund Management LLC, Tributary Capital Management LLC, and Gradient Investments 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 or view top insider-selling stocks.

PE stock was purchased by a variety of institutional investors in the last quarter, including Parkside Investments LLC, Richard P Slaughter Associates Inc, State of Alaska Department of Revenue, Sippican Capital Advisors, OLD National Bancorp IN, Park Avenue Securities LLC, Fulton Bank N.A., and Raymond James Trust N.A.. 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 or or view top insider-buying stocks.

Shares of PE can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of PE stock can currently be purchased for approximately $16.93.

Parsley Energy has a market capitalization of $6.99 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 496 workers across the globe.

The official website for Parsley Energy is www.parsleyenergy.com.

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]