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
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 Ratio42.09
Forward P/E Ratio17.08
P/E Growth0.56
Sales & Book Value
Annual Sales$967.04 million
Price / Sales9.51
Cash Flow$1.8497 per share
Price / Cash15.70
Book Value$18.70 per share
Price / Book1.55
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
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, beating the consensus estimate of $0.24 by $0.07. The oil and natural gas company earned $392.70 million during the quarter, compared to analysts' expectations of $348.64 million. Parsley Energy had a net margin of 13.82% and a return on equity of 3.71%. The business's revenue for the quarter was up 95.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $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?
23 Wall Street analysts have issued twelve-month target prices for Parsley Energy's stock. Their predictions range from $25.00 to $55.00. On average, they anticipate Parsley Energy's share price to reach $38.0909 in the next year. View Analyst Ratings for Parsley Energy.
Who are some of Parsley Energy's key competitors?
Some companies that are related to Parsley Energy include Pioneer Natural Resources (PXD), The Hong Kong and China Gas (HOKCY), Continental Resources (CLR), WOODSIDE Pet Lt/ADR (WOPEY), Sasol (SSL), Devon Energy (DVN), Concho Resources (CXO), Marathon Oil (MRO), Apache (APA), Noble Energy (NBL), EQT (EQT), Rwe Ag Sp (RWEOY), GALP ENERGIA SG/ADR (GLPEY), TORAY INDUSTRIE/ADR (TRYIY) 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?
Headlines about PE stock have been trending somewhat positive this week, Accern Sentiment Analysis reports. The research group ranks the sentiment of press coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Parsley Energy earned a news impact score of 0.10 on Accern's scale. They also gave news stories about the oil and natural gas company an impact score of 45.93 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company's share price in the next several days.
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 Boston Partners (4.36%), BlackRock Inc. (3.58%), JPMorgan Chase & Co. (3.03%), Victory Capital Management Inc. (2.55%), Van ECK Associates Corp (1.87%) and PointState Capital LP (1.76%). 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 major investors are selling Parsley Energy stock?
PE stock was sold by a variety of institutional investors in the last quarter, including Zimmer Partners LP, Loomis Sayles & Co. L P, Millennium Management LLC, Boston Partners, State of Wisconsin Investment Board, UBS Group AG, Victory Capital Management Inc. and BlackRock Inc.. 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 major investors are buying Parsley Energy stock?
PE stock was purchased by a variety of institutional investors in the last quarter, including JPMorgan Chase & Co., PointState Capital LP, Thrivent Financial for Lutherans, Scout Investments Inc., Schroder Investment Management Group, US Bancorp DE, Arosa Capital Management LP and Mitchell Group Inc.. 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 $29.04.
How big of a company is Parsley Energy?
Parsley Energy has a market capitalization of $8.88 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 (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.
