NYSE:PE - Parsley Energy Stock Price, News, & Analysis

Sign in or create an account to add this stock to your watchlist.
$21.51 -0.14 (-0.65 %)
(As of 04/24/2019 04:00 PM ET)
Previous Close$21.65
Today's Range$21.24 - $22.11
52-Week Range$14.17 - $33.43
Volume5.19 million shs
Average Volume5.62 million shs
Market Capitalization$6.81 billion
P/E Ratio15.26
Dividend YieldN/A
Beta0.4
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.

Receive PE News and Ratings via Email

Sign-up to receive the latest news and ratings for PE and its competitors with MarketBeat's FREE daily newsletter.

Industry, Sector and Symbol

Industry Crude petroleum & natural gas
Sub-IndustryN/A
SectorOils/Energy
CUSIPN/A
Phone737-704-2300

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$1.83 billion
Cash Flow$3.1039 per share
Book Value$19.95 per share

Profitability

Net Income$369.13 million

Miscellaneous

Employees527
Market Cap$6.81 billion
Next Earnings Date5/1/2019 (Confirmed)
OptionableOptionable

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, February, 21st. The oil and natural gas company reported $0.30 earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $0.34 by $0.04. The oil and natural gas company had revenue of $454.90 million for the quarter, compared to the consensus estimate of $456.66 million. Parsley Energy had a return on equity of 6.43% and a net margin of 20.21%. The firm's revenue was up 46.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.30 earnings per share. View Parsley Energy's Earnings History.

When is Parsley Energy's next earnings date?

Parsley Energy is scheduled to release their next quarterly earnings announcement on Wednesday, May 1st 2019. View Earnings Estimates for Parsley Energy.

How can I listen to Parsley Energy's earnings call?

Parsley Energy will be holding an earnings conference call on Thursday, May 2nd at 9:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 8777098150.

What price target have analysts set for PE?

28 brokerages have issued 12 month price targets for Parsley Energy's stock. Their forecasts range from $18.00 to $55.00. On average, they expect Parsley Energy's share price to reach $32.00 in the next twelve months. This suggests a possible upside of 48.8% from the stock's current price. View Analyst Price Targets for Parsley Energy.

What is the consensus analysts' recommendation for Parsley Energy?

28 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Parsley Energy in the last year. There are currently 3 hold ratings, 24 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Parsley Energy.

What are Wall Street analysts saying about Parsley Energy stock?

Here are some recent quotes from research analysts about Parsley Energy stock:
  • 1. According to Zacks Investment Research, "Parsley's strategic acreage position in the low-cost high-margin Permian Basin is responsible for its robust production growth since several years. Importantly, this year, the upstream player expects total output to grow more than 18% year over year despite capex cuts. The company intends to boost its capital efficiency and capital discipline in 2019. As it is, it’s lower than the industry's debt to capital ratio provides the firm with enough financial flexibility. Parsley's impressive reserve replacement ratio of over 406% also bodes well. As such, analysts are bullish on the stock.  " (4/24/2019)
  • 2. Northland Securities analysts commented, "We like the focused efforts by PE to highlight its strategic shift and believe it will be well-received by investors. Reiterate OP and $29 PT." (2/22/2019)

Has Parsley Energy been receiving favorable news coverage?

Media headlines about PE stock have been trending positive on Wednesday, according to InfoTrie Sentiment. InfoTrie identifies positive and negative press coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. Parsley Energy earned a news impact score of 2.5 on InfoTrie's scale. They also assigned news headlines about the oil and natural gas company a news buzz of 1.0 out of 10, indicating that recent press coverage is extremely unlikely to have an effect on the stock's share price in the next few days.

Are investors shorting Parsley Energy?

Parsley Energy saw a drop in short interest in the month of March. As of March 15th, there was short interest totalling 6,995,164 shares, a drop of 36.4% from the February 28th total of 11,004,530 shares. Based on an average daily trading volume, of 5,324,478 shares, the days-to-cover ratio is presently 1.3 days. Approximately 2.6% of the shares of the stock are short sold. View Parsley Energy's Current Options Chain.

Who are some of Parsley Energy's key competitors?

What other stocks do shareholders of Parsley Energy own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Parsley Energy investors own include Pioneer Natural Resources (PXD), Micron Technology (MU), Diamondback Energy (FANG), Alibaba Group (BABA), Devon Energy (DVN), Cisco Systems (CSCO), NVIDIA (NVDA), Advanced Micro Devices (AMD), EOG Resources (EOG) and General Electric (GE).

Who are Parsley Energy's key executives?

Parsley Energy's management team includes the folowing people:
  • Mr. Bryan Sheffield, Founder & Exec. Chairman (Age 41)
  • Mr. Matthew Gallagher, Pres, CEO & Director (Age 37)
  • Mr. Michael W. Hinson, Co-Founder & Sr. VP of Corp. Devel. (Age 51)
  • Mr. Ryan Dalton, Exec. VP & CFO (Age 40)
  • Mr. Colin W. Roberts, Exec. VP, Gen. Counsel & Sec. (Age 41)

Who are Parsley Energy's major shareholders?

Parsley Energy's stock is owned by many different of institutional and retail investors. Top institutional investors include Peregrine Capital Management LLC (0.30%), Scout Investments Inc. (0.20%), S&CO Inc. (0.11%), Viking Fund Management LLC (0.08%), Avalon Advisors LLC (0.05%) and Bright Rock Capital Management LLC (0.03%). Company insiders that own Parsley Energy stock include A R Alameddine, Bryan Sheffield, Colin Roberts, Hemang Desai, 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 Scout Investments Inc., Denali Advisors LLC, Denali Advisors LLC, Viking Fund Management LLC, Strs Ohio, Gradient Investments LLC, DNB Asset Management AS and State of Alaska Department of Revenue. 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 purchased by a variety of institutional investors in the last quarter, including Peregrine Capital Management LLC, S&CO Inc., Sumitomo Life Insurance Co., Bright Rock Capital Management LLC, Hodges Capital Management Inc., Virtu Financial LLC, Confluence Investment Management LLC and Sippican Capital Advisors. Company insiders that have bought Parsley Energy stock in the last two years include A R Alameddine, Bryan Sheffield, Hemang Desai 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 $21.51.

How big of a company is Parsley Energy?

Parsley Energy has a market capitalization of $6.81 billion and generates $1.83 billion in revenue each year. The oil and natural gas company earns $369.13 million in net income (profit) each year or $1.41 on an earnings per share basis. Parsley Energy employs 527 workers across the globe.

What is Parsley Energy's official website?

The official website for Parsley Energy is http://www.parsleyenergy.com.

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)

Community Ranking:  3.2 out of 5 (star star star)
Outperform Votes:  702 (Vote Outperform)
Underperform Votes:  386 (Vote Underperform)
Total Votes:  1,088
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.
This page was last updated on 4/24/2019 by MarketBeat.com Staff

Featured Article: Risk Tolerance

Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.

Yahoo Gemini Pixel