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
Current SymbolNYSE:PE
Previous Symbol
CUSIPN/A
Phone737-704-2300
Debt
Debt-to-Equity Ratio0.35
Current Ratio0.70
Quick Ratio0.70
Price-To-Earnings
Trailing P/E Ratio31.07
Forward P/E Ratio12.99
P/E Growth0.44
Sales & Book Value
Annual Sales$967.04 million
Price / Sales7.02
Cash Flow$1.7290 per share
Price / Cash12.40
Book Value$18.70 per share
Price / Book1.15
Profitability
EPS (Most Recent Fiscal Year)$0.69
Net Income$106.77 million
Net Margins21.70%
Return on Equity6.77%
Return on Assets4.53%
Miscellaneous
Employees460
Outstanding Shares316,780,000
Market Cap$7.01 billion
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) announced its earnings results on Thursday, November, 1st. The oil and natural gas company reported $0.45 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $0.44 by $0.01. The oil and natural gas company earned $511 million during the quarter, compared to analysts' expectations of $493.44 million. Parsley Energy had a net margin of 21.70% and a return on equity of 6.77%. Parsley Energy's quarterly revenue was up 112.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.12 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?
28 brokerages have issued 12-month price objectives for Parsley Energy's stock. Their forecasts range from $25.00 to $57.00. On average, they expect Parsley Energy's share price to reach $38.6154 in the next twelve months. This suggests a possible upside of 80.1% 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 4 hold ratings, 23 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Parsley Energy.
Has Parsley Energy been receiving favorable news coverage?
News headlines about PE stock have trended negative this week, InfoTrie Sentiment Analysis reports. The research group rates the sentiment of news coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. Parsley Energy earned a media sentiment score of -2.0 on InfoTrie's scale. They also assigned news headlines about the oil and natural gas company a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely likely to have an impact on the company's share price in the next several days.
Who are some of Parsley Energy's key competitors?
Some companies that are related to Parsley Energy include Concho Resources (CXO), Pioneer Natural Resources (PXD), WOODSIDE Pet Lt/ADR (WOPEY), Sasol (SSL), Continental Resources (CLR), Marathon Oil (MRO), Apache (APA), Devon Energy (DVN), Rwe Ag Sp (RWEOY), GALP ENERGIA SG/ADR (GLPEY), TORAY INDUSTRIE/ADR (TRYIY), Noble Energy (NBL), Diamondback Energy (FANG), Cabot Oil & Gas (COG) and Cenovus Energy (CVE).
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 & 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)
Who are Parsley Energy's major shareholders?
Parsley Energy's stock is owned by many different of retail and institutional investors. Top institutional investors include JPMorgan Chase & Co. (4.80%), BlackRock Inc. (4.19%), TIAA CREF Investment Management LLC (3.43%), Capital World Investors (3.40%), FMR LLC (2.97%) and Bank of New York Mellon Corp (2.15%). 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 major investors are selling Parsley Energy stock?
PE stock was sold by a variety of institutional investors in the last quarter, including Point72 Asset Management L.P., Key Group Holdings Cayman LTD., Luminus Management LLC, FMR LLC, Bank of Montreal Can, Mitsubishi UFJ Trust & Banking Corp, Tobam and Capital Fund Management S.A.. 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 major investors are buying Parsley Energy stock?
PE stock was acquired by a variety of institutional investors in the last quarter, including Eagle Asset Management Inc., Carillon Tower Advisers Inc., Schroder Investment Management Group, JPMorgan Chase & Co., United Services Automobile Association, Dimensional Fund Advisors LP, Wexford Capital LP and Capital World Investors. 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 $21.44.
How big of a company is Parsley Energy?
Parsley Energy has a market capitalization of $7.01 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.
What is Parsley Energy's official website?
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.
