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) issued its quarterly earnings data on Wednesday, August, 2nd. The company reported $0.05 EPS for the quarter, missing analysts' consensus estimates of $0.11 by $0.06. The company had revenue of $213.68 million for the quarter, compared to analyst estimates of $216.54 million. Parsley Energy had a return on equity of 1.70% and a net margin of 5.23%. The company's revenue was up 99.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.04 earnings per share. View Parsley Energy's Earnings History.

Parsley Energy is scheduled to release their next quarterly earnings announcement on Tuesday, November, 7th 2017. View Earnings Estimates for Parsley Energy.

22 brokers have issued twelve-month price targets for Parsley Energy's stock. Their forecasts range from $31.00 to $57.00. On average, they expect Parsley Energy's stock price to reach $40.86 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. " (10/11/2017)
• 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), Marathon Oil Corporation (MRO), Encana Corporation (ECA), EQT Corporation (EQT), Cimarex Energy Co (XEC), Diamondback Energy (FANG), EQT GP Holdings, LP (EQGP), Antero Resources Corporation (AR), Newfield Exploration Company (NFX), Rice Energy (RICE), 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

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 $26.72.