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
Stock Exchange NYSE
Industry Crude petroleum & natural gas
Sub-IndustryN/A
SectorOils/Energy
SymbolNYSE:PE
CUSIPN/A
Phone737-704-2300
Debt
Debt-to-Equity Ratio0.36
Current Ratio0.93
Quick Ratio0.93
Price-To-Earnings
Trailing P/E Ratio41.72
Forward P/E Ratio18.57
P/E Growth0.65
Sales & Book Value
Annual Sales$967.04 million
Price / Sales9.43
Cash Flow$1.8187 per share
Price / Cash15.83
Book Value$18.70 per share
Price / Book1.54
Profitability
EPS (Most Recent Fiscal Year)$0.69
Net Income$106.77 million
Net Margins16.89%
Return on Equity5.25%
Return on Assets3.58%
Miscellaneous
Employees460
Outstanding Shares316,780,000
Market Cap$8.95 billion
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) announced its earnings results on Tuesday, August, 7th. The oil and natural gas company reported $0.39 EPS for the quarter, missing the Thomson Reuters' consensus estimate of $0.41 by $0.02. The oil and natural gas company had revenue of $467.79 million for the quarter, compared to analyst estimates of $431.02 million. Parsley Energy had a return on equity of 5.25% and a net margin of 16.89%. View Parsley Energy's Earnings History.
When is Parsley Energy's next earnings date?
What price target have analysts set for PE?
26 brokerages have issued 1-year price objectives for Parsley Energy's stock. Their forecasts range from $25.00 to $58.00. On average, they anticipate Parsley Energy's share price to reach $38.80 in the next year. This suggests a possible upside of 34.3% from the stock's current price. View Analyst Price Targets for Parsley Energy.
What is the consensus analysts' recommendation for Parsley Energy?
26 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Parsley Energy in the last year. There are currently 3 hold ratings and 23 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Parsley Energy.
Who are some of Parsley Energy's key competitors?
Some companies that are related to Parsley Energy include Anadarko Petroleum (APC), The Hong Kong and China Gas (HOKCY), Pioneer Natural Resources (PXD), Concho Resources (CXO), Sasol (SSL), WOODSIDE Pet Lt/ADR (WOPEY), Continental Resources (CLR), Devon Energy (DVN), Marathon Oil (MRO), Apache (APA), Rwe Ag Sp (RWEOY), GALP ENERGIA SG/ADR (GLPEY), Noble Energy (NBL), EQT (EQT) and TORAY INDUSTRIE/ADR (TRYIY).
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?
News coverage about PE stock has been trending somewhat positive on Wednesday, Accern Sentiment reports. Accern rates the sentiment of media coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Parsley Energy earned a coverage optimism score of 0.18 on Accern's scale. They also assigned headlines about the oil and natural gas company an impact score of 46.57 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company's share price in the near future. View Recent Headlines for Parsley Energy.
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 BlackRock Inc. (4.24%), FMR LLC (3.14%), Boston Partners (2.81%), Bank of New York Mellon Corp (2.18%), Bank of New York Mellon Corp (2.18%) and Victory Capital Management Inc. (2.13%). 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 Boston Partners, FMR LLC, Standard Life Aberdeen plc, Victory Capital Management Inc., Caymus Capital Partners L.P., PointState Capital LP, Schroder Investment Management Group and Viking Fund Management 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 BlackRock Inc., Morgan Stanley, Millennium Management LLC, Bank of New York Mellon Corp, Bank of New York Mellon Corp, Luminus Management LLC, Renaissance Technologies LLC and Marshall Wace LLP. 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 $28.88.
How big of a company is Parsley Energy?
Parsley Energy has a market capitalization of $8.95 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 (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.
