About Parsley Energy (NYSE:PE)
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 Ratio1.50%
Quick Ratio1.50%
Price-To-Earnings
Trailing P/E Ratio44.58
Forward P/E Ratio27.76
P/E Growth1.5
Sales & Book Value
Annual Sales$967.04 million
Price / Sales10.00
Cash Flow$1.8255 per share
Price / Cash16.73
Book Value$18.70 per share
Price / Book1.63
Profitability
EPS (Most Recent Fiscal Year)$0.69
Net Income$106.77 million
Net Margins11.04%
Return on Equity3.10%
Return on Assets2.18%
Miscellaneous
Employees460
Outstanding Shares316,780,000
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 (NYSE:PE) posted its earnings results on Wednesday, February, 21st. The oil and natural gas company reported $0.30 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.17 by $0.13. The oil and natural gas company earned $311.49 million during the quarter, compared to analysts' expectations of $298.04 million. Parsley Energy had a net margin of 11.04% and a return on equity of 3.10%. Parsley Energy's quarterly revenue was up 99.8% on a year-over-year basis. During the same period last year, the company posted $0.06 earnings per share. View Parsley Energy's Earnings History.
When is Parsley Energy's next earnings date?
What price target have analysts set for PE?
25 equities research analysts have issued 12-month price objectives for Parsley Energy's shares. Their forecasts range from $25.00 to $57.00. On average, they anticipate Parsley Energy's stock price to reach $36.8750 in the next year. 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 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. " (11/9/2017)
- 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)
Who are some of Parsley Energy's key competitors?
Some companies that are related to Parsley Energy include Devon Energy (DVN), RWE (RWEOY), Noble Energy (NBL), Apache (APA), Marathon Oil (MRO), Toray Industries (TRYIY), Galp (GLPEY), EQT (EQT), Diamondback Energy (FANG), Cenovus Energy (CVE), Encana (ECA), Cabot Oil & Gas (COG), Cimarex Energy (XEC), RSP Permian (RSPP), Antero Resources (AR), Energen (EGN), WPX Energy (WPX) and Newfield Exploration (NFX).
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 and Sr. VP of Corp. Devel. (Age 50)
- Mr. Ryan Dalton, Chief Financial Officer and Exec. VP (Age 39)
- Mr. Colin W. Roberts, Exec. VP, Gen. Counsel and Sec. (Age 40)
Has Parsley Energy been receiving favorable news coverage?
News headlines about PE stock have trended somewhat negative this week, Accern Sentiment reports. The research group ranks the sentiment of press coverage by analyzing 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 positive one, with scores nearest to one being the most favorable. Parsley Energy earned a daily sentiment score of -0.03 on Accern's scale. They also assigned press coverage about the oil and natural gas company an impact score of 47.01 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock's share price in the near future.
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 $30.54.
How big of a company is Parsley Energy?
Parsley Energy has a market capitalization of $9.46 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.
Parsley Energy (NYSE:PE) Price Target and Consensus Rating
(How are Consensus Ratings Calculated?) MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
25 Wall Street analysts have issued ratings and price targets for Parsley Energy in the last 12 months. Their average twelve-month price target is $36.8750, suggesting that the stock has a possible upside of 20.74%. The high price target for PE is $57.00 and the low price target for PE is $25.00. There are currently 5 hold ratings and 20 buy ratings for the stock, resulting in a consensus rating of "Buy."
| Today | 30 Days Ago | 90 Days Ago | 180 Days Ago |
| Consensus Rating: | Buy | Buy | Buy | Buy |
| Consensus Rating Score: | 2.80 | 2.84 | 3.00 | 3.00 |
| Ratings Breakdown: | 0 Sell Rating(s)
5 Hold Rating(s)
20 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
4 Hold Rating(s)
21 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
0 Hold Rating(s)
22 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
0 Hold Rating(s)
23 Buy Rating(s)
0 Strong Buy Rating(s) |
| Consensus Price Target: | $36.8750 | $36.1667 | $38.7619 | $40.7273 |
| Price Target Upside: | 20.74% upside | 34.75% upside | 26.76% upside | 52.42% upside |
Parsley Energy (NYSE:PE) Consensus Price Target History
Parsley Energy (NYSE:PE) Analyst Ratings History
Show:
(Data available from 4/19/2016 forward)
Parsley Energy (NYSE:PE) Dividend History by Quarter
| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
(Data available from 1/1/2013 forward)
Parsley Energy (NYSE PE) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 13.17%
Institutional Ownership Percentage: 81.99%
Parsley Energy (NYSE PE) Insider Trading History
| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Shares Held After Transaction | Details |
|---|
| 4/2/2018 | Colin Roberts | Insider | Sell | 7,500 | $28.29 | $212,175.00 | 254,204 |  |
| 2/28/2018 | Ron Brokmeyer | Director | Buy | 2,000 | $25.66 | $51,320.00 | 112,128 | |
| 2/26/2018 | Bryan Sheffield | Insider | Buy | 189,500 | $26.34 | $4,991,430.00 | 11,533,063 | |
| 6/1/2017 | Colin Roberts | Insider | Sell | 3,400 | $30.00 | $102,000.00 | 229,326 | |
| 5/17/2017 | A R Alameddine | Director | Buy | 3,500 | $31.65 | $110,775.00 | 94,888 | |
| 5/11/2017 | Bryan Sheffield | Insider | Sell | 1,687,500 | $31.42 | $53,021,250.00 | 12,059,224 | |
| 5/10/2017 | Ryan Dalton | Insider | Sell | 30,000 | $32.56 | $976,800.00 | 329,957 | |
| 5/1/2017 | Colin Roberts | Insider | Sell | 3,000 | $29.56 | $88,680.00 | 232,726 | |
| 3/31/2017 | Colin Roberts | Insider | Sell | 15,598 | $32.10 | $500,695.80 | 235,726 | |
| 3/1/2017 | A R Alameddine | Director | Buy | 3,500 | $30.94 | $108,290.00 | 92,988 | |
| 2/28/2017 | Jerry Windlinger | Director | Buy | 3,000 | $30.35 | $91,050.00 | 5,667 | |
| 2/28/2017 | Matthew Gallagher | Insider | Buy | 32,985 | $30.20 | $996,147.00 | 660,508 | |
| 11/21/2016 | Mike Hinson | Insider | Sell | 25,000 | $36.18 | $904,500.00 | 446,653 | |
| 11/18/2016 | Colin Roberts | VP | Sell | 5,000 | $34.92 | $174,600.00 | 238,770 | |
| 11/18/2016 | Ryan Dalton | Insider | Sell | 20,000 | $34.98 | $699,600.00 | 246,661 | |
| 11/17/2016 | A R Alameddine | Director | Buy | 8,000 | $34.75 | $278,000.00 | 89,488 | |
| 11/17/2016 | Bryan Sheffield | insider | Sell | 312,500 | $34.89 | $10,903,125.00 | 13,033,741 | |
| 11/7/2016 | Mike Hinson | Insider | Sell | 25,000 | $34.05 | $851,250.00 | 471,653 | |
| 10/21/2016 | Mike Hinson | Insider | Sell | 25,000 | $36.04 | $901,000.00 | 496,653 | |
| 10/5/2016 | Mike Hinson | Insider | Sell | 25,000 | $35.13 | $878,250.00 | 536,153 | |
| 9/12/2016 | Mike Hinson | Insider | Sell | 25,000 | $33.65 | $841,250.00 | 546,653 | |
| 8/24/2016 | Matthew Gallagher | Insider | Sell | 9,300 | $33.83 | $314,619.00 | 637,006 | |
| 8/23/2016 | Matthew Gallagher | Insider | Sell | 30,300 | $33.89 | $1,026,867.00 | 637,006 | |
| 8/22/2016 | Matthew Gallagher | Insider | Sell | 5,400 | $33.74 | $182,196.00 | 637,006 | |
| 8/9/2016 | Matthew Gallagher | Insider | Sell | 45,000 | $32.64 | $1,468,800.00 | 642,406 | |
| 8/8/2016 | Bryan Sheffield | Insider | Sell | 1,100,000 | $32.15 | $35,365,000.00 | 13,169,935 | |
| 8/8/2016 | Colin Roberts | VP | Sell | 25,000 | $32.77 | $819,250.00 | 243,770 | |
| 8/8/2016 | David Henry Smith | Director | Sell | 6,250 | $32.99 | $206,187.50 | 30,861 | |
| 7/25/2016 | Mike Hinson | Insider | Sell | 25,000 | $27.42 | $685,500.00 | 646,653 | |
| 7/12/2016 | Mike Hinson | Insider | Sell | 25,000 | $28.33 | $708,250.00 | 671,653 | |
| 6/29/2016 | Mike Hinson | Insider | Sell | 25,000 | $26.22 | $655,500.00 | 696,653 | |
| 6/15/2016 | Ryan Dalton | Insider | Sell | 60,000 | $26.52 | $1,591,200.00 | 253,961 | |
| 6/13/2016 | Mike Hinson | VP | Sell | 25,000 | $26.69 | $667,250.00 | 721,653 | |
| 6/2/2016 | Mike Hinson | VP | Sell | 25,000 | $26.40 | $660,000.00 | 746,653 | |
| 5/17/2016 | Mike Hinson | VP | Sell | 25,000 | $25.83 | $645,750.00 | 771,653 | |
| 5/12/2016 | Brad C Smith | Insider | Sell | 10,000 | $25.42 | $254,200.00 | 44,100 | |
| 5/5/2016 | Mike Hinson | VP | Sell | 25,000 | $23.69 | $592,250.00 | 796,653 | |
| 4/20/2016 | Mike Hinson | VP | Sell | 25,000 | $23.47 | $586,750.00 | 821,653 | |
| 4/6/2016 | Mike Hinson | VP | Sell | 25,000 | $22.71 | $567,750.00 | 864,153 | |
| 3/23/2016 | Bryan Sheffield | Major Shareholder | Sell | 35,715 | $21.81 | $778,944.15 | 12,269,935 | |
| 3/16/2016 | Bryan Sheffield | Major Shareholder | Sell | 35,715 | $21.33 | $761,800.95 | 12,305,650 | |
| 3/3/2016 | Hemang Desai | Director | Buy | 1,000 | $18.33 | $18,330.00 | 14,647 | |
| 3/2/2016 | Colin Roberts | VP | Sell | 25,000 | $18.67 | $466,750.00 | 278,770 | |
| 3/1/2016 | Colin Roberts | VP | Sell | 15,000 | $18.51 | $277,650.00 | 278,770 | |
| 3/1/2016 | Matthew Gallagher | Insider | Sell | 90,000 | $18.49 | $1,664,100.00 | 457,318 | |
| 2/29/2016 | Mike Hinson | VP | Sell | 50,000 | $18.38 | $919,000.00 | 871,653 | |
| 2/24/2016 | Bryan Sheffield | Major Shareholder | Sell | 35,715 | $16.24 | $580,011.60 | 12,412,795 | |
| 2/17/2016 | Bryan Sheffield | major shareholder | Sell | 35,715 | $16.81 | $600,369.15 | 22,716,573 | |
| 2/10/2016 | Bryan Sheffield | major shareholder | Sell | 35,715 | $16.24 | $580,011.60 | 22,716,573 | |
| 2/3/2016 | Bryan Sheffield | major shareholder | Sell | 35,715 | $18.72 | $668,584.80 | 22,716,573 | |
| 1/27/2016 | Bryan Sheffield | major shareholder | Sell | 35,715 | $17.67 | $631,084.05 | 22,716,573 | |
| 1/20/2016 | Bryan Sheffield | major shareholder | Sell | 35,715 | $15.12 | $540,010.80 | 22,716,573 | |
| 1/13/2016 | Bryan Sheffield | major shareholder | Sell | 35,715 | $16.29 | $581,797.35 | 22,716,573 | |
| 1/6/2016 | Bryan Sheffield | major shareholder | Sell | 35,715 | $17.74 | $633,584.10 | 22,716,573 | |
| 12/18/2015 | Mike Hinson | VP | Sell | 20,000 | $18.22 | $364,400.00 | 1,537,610 | |
| 12/8/2015 | Mike Hinson | VP | Sell | 21,666 | $18.58 | $402,554.28 | 1,537,610 | |
| 12/1/2015 | Ryan Dalton | insider | Sell | 37,500 | $20.03 | $751,125.00 | 1,076,327 | |
| 11/20/2015 | Mike Hinson | VP | Sell | 20,000 | $19.17 | $383,400.00 | 1,537,610 | |
| 11/10/2015 | Mike Hinson | VP | Sell | 21,666 | $18.58 | $402,554.28 | 1,537,610 | |
| 11/2/2015 | Paul Treadwell | VP | Sell | 150,000 | $17.94 | $2,691,000.00 | 768,805 | |
| 10/22/2015 | Mike Hinson | VP | Sell | 20,000 | $16.90 | $338,000.00 | 1,537,610 | |
| 10/8/2015 | Ryan Dalton | insider | Sell | 56,967 | $17.60 | $1,002,619.20 | 1,076,327 | |
| 10/6/2015 | Mike Hinson | VP | Sell | 21,666 | $16.92 | $366,588.72 | 1,537,610 | |
| 10/2/2015 | Paul Treadwell | VP | Sell | 150,000 | $15.62 | $2,343,000.00 | 768,805 | |
| 9/8/2015 | Mike Hinson | VP | Sell | 21,666 | $16.08 | $348,389.28 | 1,537,610 | |
| 9/1/2015 | Paul Treadwell | VP | Sell | 150,000 | $16.30 | $2,445,000.00 | 768,805 | |
| 8/28/2015 | Mike Hinson | VP | Sell | 20,000 | $16.06 | $321,200.00 | 1,537,610 | |
| 8/14/2015 | Matthew Gallagher | Insider | Sell | 100,000 | $15.92 | $1,592,000.00 | | |
| 8/12/2015 | Mike Hinson | VP | Sell | 41,667 | $16.13 | $672,088.71 | | |
| 7/14/2015 | Ryan Dalton | Insider | Sell | 23,033 | $17.51 | $403,307.83 | | |
| 7/8/2015 | Bryan Sheffield | Major Shareholder | Sell | 20,000 | $16.35 | $327,000.00 | | |
| 7/7/2015 | Mike Hinson | VP | Sell | 21,667 | $16.07 | $348,188.69 | | |
| 7/1/2015 | Bryan Sheffield | Major Shareholder | Sell | 26,667 | $17.06 | $454,939.02 | | |
| 6/25/2015 | Mike Hinson | VP | Sell | 20,000 | $18.39 | $367,800.00 | | |
| 6/24/2015 | Bryan Sheffield | Major Shareholder | Sell | 33,333 | $18.37 | $612,327.21 | | |
| 6/17/2015 | Bryan Sheffield | Major Shareholder | Sell | 36,667 | $18.11 | $664,039.37 | | |
| 6/10/2015 | Bryan Sheffield | Major Shareholder | Sell | 43,333 | $18.80 | $814,660.40 | | |
| 6/10/2015 | Paul Treadwell | VP | Sell | 17,499 | $18.96 | $331,781.04 | | |
| 5/28/2015 | Mike Hinson | VP | Sell | 20,000 | $16.64 | $332,800.00 | | |
| 4/23/2015 | Mike Hinson | VP | Sell | 20,000 | $16.11 | $322,200.00 | | |
| 4/7/2015 | Paul Treadwell | VP | Sell | 20,833 | $17.52 | $364,994.16 | | |
| 4/7/2015 | Ryan Dalton | Insider | Sell | 40,000 | $17.52 | $700,800.00 | | |
| 3/26/2015 | Mike Hinson | VP | Sell | 60,266 | $16.12 | $971,487.92 | | |
| 3/25/2015 | Bryan Sheffield | Major Shareholder | Sell | 42,858 | $15.93 | $682,727.94 | | |
| 3/3/2015 | Hemang Desai | Director | Buy | 1,000 | $14.74 | $14,740.00 | | |
| 2/3/2015 | Paul Treadwell | VP | Sell | 45,496 | $17.83 | $811,193.68 | | |
| 1/28/2015 | Bryan Sheffield | CEO | Sell | 42,858 | $16.15 | $692,156.70 | | |
| 1/27/2015 | Paul Treadwell | VP | Sell | 65,644 | $17.56 | $1,152,708.64 | | |
| 1/22/2015 | Mike Hinson | VP | Sell | 41,667 | $16.20 | $675,005.40 | | |
| 1/21/2015 | Bryan Sheffield | Major Shareholder | Sell | 42,858 | $16.43 | $704,156.94 | | |
| 1/21/2015 | Paul Treadwell | VP | Sell | 33,600 | $16.52 | $555,072.00 | | |
| 1/7/2015 | Bryan Sheffield | CEO | Sell | 40,614 | $14.06 | $571,032.84 | | |
| 12/17/2014 | James Andrew Charles Robinson | Insider | Buy | 30,000 | $0.1950 | $5,850.00 | | |
| 5/29/2014 | Bryan Sheffield | Major Shareholder | Sell | 1,909,091 | $17.48 | $33,370,910.68 | | |
| 5/29/2014 | Matthew Gallagher | Insider | Sell | 60,606 | $17.48 | $1,059,392.88 | | |
(Data available from 1/1/2013 forward)
Parsley Energy (NYSE PE) News Headlines
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Parsley Energy (NYSE:PE) SEC Filings
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Parsley Energy (NYSE:PE) Income Statement, Balance Sheet and Cash Flow Statement
Parsley Energy (NYSE PE) Stock Chart for Thursday, April, 19, 2018
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