Parsley Energy Company Profile (NYSE:PE)

Parsley Energy trades on the New York Stock Exchange (NYSE) under the ticker symbol "PE."

Parsley Energy, Inc. (NYSE:PE) issued its quarterly earnings results on Thursday, May, 4th. The company reported $0.15 EPS for the quarter, topping the consensus estimate of $0.09 by $0.06. The company earned $200.90 million during the quarter, compared to analysts' expectations of $181.23 million. Parsley Energy had a negative net margin of 4.26% and a positive return on equity of 2.04%. Parsley Energy's revenue was up 222.5% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.02) EPS. View Parsley Energy's Earnings History.

Parsley Energy is scheduled to release their next quarterly earnings announcement on Tuesday, August, 1st 2017. View Earnings Estimates for Parsley Energy.

25 brokerages have issued 1 year price targets for Parsley Energy's shares. Their forecasts range from $17.00 to $57.00. On average, they expect Parsley Energy's share price to reach $40.20 in the next year. View Analyst Ratings for Parsley Energy.

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. " (7/15/2017)
• 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)
• 3. KLR Group analysts commented, "We are increasing our price target by $1 to $57 per share due to the acquisition of Double Eagle Energy and the subsequent acceleration of our drilling tempo forecast partly offset by the equity issuance and higher G&A. PE is acquiring Double Eagle Energy Permian, LLC for ~$2.8 bn, comprising ~$1.4 bn in cash and ~39.4 mm shares of stock. To fund the cash portion of the acquisition, PE priced ~41.4 mm shares (includes overallotment) at $31.00 for total gross proceeds of ~$1.28 bn. Including the shares issued to Double Eagle Energy, PE shares outstanding increased ~35%. Parsley also priced $450 mm in aggregate principal amount of 5.250% senior unsecured notes due '25." (2/10/2017)
• 4. Imperial Capital analysts commented, "PE's activity in the Midland Basin has resulted in improving efficiencies and peer leading IRRs, while early Delaware Basin results show similar promise," analyst Kim Pacanovsky wrote in a note.Further, Pacanovsky said, "Investors should focus on companies with the lowest breakeven/highest IRRs in combination with a strong balance sheet" given the Brexit effect and volatile commodity markets."We believe Parsley Energy is among those companies," Pacanovsky highlighted.Related Link: Goldman Sachs Sees Multiple Expansion For American Electric Power CompanyParsley has a "lean" balance sheet, with $821 million of pro forma liquidity. The analyst said the company's hedging strategy protected it from the fall in crude prices, which also resulted in lower service costs."In fact, at our estimated year-over-year (yoy) crude growth of 69 percent for 2016, we believe it will far outpace its peers on oil growth. With liquidity, a low cost structure, smart hedges, and no finger on the pause button, we believe PE has all the ingredients to continue to outperform the group," (7/26/2016)

Some companies that are related to Parsley Energy include Noble Energy (NBL), Continental Resources (CLR), Cabot Oil & Gas Corporation (COG), EQT Corporation (EQT), Marathon Oil Corporation (MRO), Encana Corporation (ECA), Cimarex Energy Co (XEC), Diamondback Energy (FANG), EQT GP Holdings, LP (EQGP), Antero Resources Corporation (AR), Rice Energy (RICE), Newfield Exploration Company (NFX), RSP Permian (RSPP), Range Resources Corporation (RRC), Energen Corporation (EGN), Murphy Oil Corporation (MUR), Chesapeake Energy Corporation (CHK) and WPX Energy (WPX).

Parsley Energy's management team includes the folowing people:

• Bryan Sheffield, Chairman of the Board, Chief Executive Officer
• Matthew Gallagher, President, Chief Operating Officer
• Ryan Dalton, Chief Financial Officer, Executive Vice President
• Colin Roberts, Executive Vice President, General Counsel
• Mike Hinson, Senior Vice President - Corporate Development
• Stephanie Reed, Senior Vice President - Land
• A. R. Alameddine, Lead Independent Director
• Ronald Brokmeyer, Independent Director
• William L. Browning, Independent Director
• Hemang Desai Ph.D., Independent Director

Parsley Energy's stock is owned by many different of institutional and retail investors. Top institutional shareholders include Viking Fund Management LLC (0.32%), Sprott Inc. (0.19%), Spirit of America Management Corp NY (0.15%), Adams Natural Resources Fund Inc. (0.09%), Swarthmore Group Inc. (0.06%) and Quantitative Systematic Strategies LLC (0.03%). Company insiders that own Parsley Energy stock include A R Alameddine, Brad C Smith, Bryan Sheffield, Colin Roberts, David Henry Smith, Hemang Desai, Jerry Windlinger, Matthew Gallagher, Mike Hinson, Paul Treadwell and Ryan Dalton. View Institutional Ownership Trends for Parsley Energy.

Parsley Energy's stock was sold by a variety of institutional investors in the last quarter, including Spirit of America Management Corp NY, CENTRAL TRUST Co, US Bancorp DE and DnB Asset Management AS. Company insiders that have sold Parsley Energy stock in the last year include Bryan Sheffield, Colin Roberts, David Henry Smith, Matthew Gallagher, Mike Hinson and Ryan Dalton. View Insider Buying and Selling for Parsley Energy.

Parsley Energy's stock was purchased by a variety of institutional investors in the last quarter, including Adams Natural Resources Fund Inc., Swarthmore Group Inc., Quantitative Systematic Strategies LLC, Viking Fund Management LLC, Sprott Inc., Mn Services Vermogensbeheer B.V., Rothschild Capital Partners LLC and Aperio Group LLC. Company insiders that have bought Parsley Energy stock in the last two years include A R Alameddine, Hemang Desai, Jerry Windlinger and Matthew Gallagher. View Insider Buying and Selling for Parsley Energy.

Shares of Parsley Energy can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of Parsley Energy stock can currently be purchased for approximately $28.24.