NYSE:PE

Parsley Energy Stock Forecast, Price & News

$16.93

0.00 (0.00 %)

(As of 01/26/2021 12:00 AM ET)

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Today's Range

$16.62

Now: $16.93▼

$17.31

50-Day Range

$13.50

MA: $15.25▼

$16.93

52-Week Range

$3.92

Now: $16.93▼

$18.29

Volume30.70 million shs

Average Volume12.27 million shs

Market Capitalization$6.99 billion

P/E RatioN/A

Dividend Yield1.18%

Beta2.24

Parsley Energy, Inc., an independent oil and natural gas company, engages in the acquisition, development, exploration, production, and sale of crude oil and natural gas properties in the Permian Basin in west Texas and Southeastern New Mexico. As of December 31, 2019, its acreage position consisted of 191,179 net acres, including 149,615 net acres in the Midland Basin and 41,564 net acres in the Delaware Basin; and operated 558.9 net acres of the horizontal wells and 723.1 net acres of the vertical wells, as well an estimated proved oil, natural gas, and natural gas liquid reserves of 592.3 MMBoe. The company was founded in 2008 and is headquartered in Austin, Texas.

MarketRank^™

Overall MarketRank^™

2.34 out of 5 stars

Oils/Energy Sector

13th out of 669 stocks

Crude Petroleum & Natural Gas Industry

7th out of 247 stocks

1.4 Analyst's Opinion

Consensus Rating
Parsley Energy has received a consensus rating of Buy. The company's average rating score is 2.80, and is based on 18 buy ratings, 6 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $14.63, Parsley Energy has a forecasted downside of 13.6% from its current price of $16.93.
Amount of Analyst Coverage
Parsley Energy has only been the subject of 3 research reports in the past 90 days.

3.2 Community Rank

Outperform Votes
Parsley Energy has received 850 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Parsley Energy has received 487 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Parsley Energy has received 63.58% “outperform” votes from our community.

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.

1.7 Dividend Strength

Dividend Yield
Parsley Energy has a dividend yield of 1.18%, which is in the bottom 25% of all stocks that pay dividends.
Dividend Growth
Parsley Energy does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Parsley Energy is 17.86%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Parsley Energy will have a dividend payout ratio of 20.83% next year. This indicates that Parsley Energy will be able to sustain or increase its dividend.

1.7 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Parsley Energy insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 19.42% of the stock of Parsley Energy is held by insiders.
Percentage Held by Institutions
72.58% of the stock of Parsley Energy is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

3.8 Earnings and Valuation

Earnings Growth
Earnings for Parsley Energy are expected to grow by 43.28% in the coming year, from $0.67 to $0.96 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Parsley Energy is -1.72, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Parsley Energy is -1.72, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Growth Ratio
Parsley Energy has a PEG Ratio of 0.45. PEG Ratios below 1 indicate that a company could be undervalued.
Price to Book Value per Share Ratio
Parsley Energy has a P/B Ratio of 0.82. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

Industry, Sector and Symbol

Stock Exchange NYSE

Industry Crude petroleum & natural gas

Sub-IndustryN/A

SectorOils/Energy

Current SymbolNYSE:PE

Previous Symbol

CUSIPN/A

CIK1594466

Webwww.parsleyenergy.com

Phone737-704-2300

Employees496

Year FoundedN/A

Debt

Debt-to-Equity Ratio0.76

Current Ratio0.54

Quick Ratio0.54

Price-To-Earnings

Trailing P/E RatioN/A

Forward P/E Ratio25.27

P/E Growth0.45

Sales & Book Value

Annual Sales$1.96 billion

Price / Sales3.57

Cash Flow$5.88 per share

Price / Cash Flow2.88

Book Value$20.60 per share

Price / Book0.82

Profitability

EPS (Most Recent Fiscal Year)$1.12

Net Income$175.21 million

Net Margins-200.23%

Return on Equity5.13%

Return on Assets3.06%

Miscellaneous

Outstanding Shares412,865,000

Market Cap$6.99 billion

Next Earnings Date2/17/2021 (Estimated)

OptionableOptionable

$16.93

0.00 (0.00 %)

(As of 01/26/2021 12:00 AM ET)

30 days | 90 days | 365 days | Advanced Chart

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Parsley Energy (NYSE:PE) Frequently Asked Questions

How has Parsley Energy's stock price been impacted by COVID-19?

Parsley Energy's stock was trading at $6.79 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, PE stock has increased by 149.3% and is now trading at $16.93.
View which stocks have been most impacted by COVID-19.

Is Parsley Energy a buy right now?

25 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Parsley Energy in the last twelve months. There are currently 6 hold ratings, 18 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Parsley Energy stock.
View analyst ratings for Parsley Energy or view MarketBeat's top 5 stock picks.

What stocks does MarketBeat like better than Parsley Energy?

Wall Street analysts have given Parsley Energy a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Parsley Energy wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

When is Parsley Energy's next earnings date?

Parsley Energy is scheduled to release its next quarterly earnings announcement on Wednesday, February 17th 2021.
View our earnings forecast for Parsley Energy.

How were Parsley Energy's earnings last quarter?

Parsley Energy, Inc. (NYSE:PE) announced its quarterly earnings results on Wednesday, October, 28th. The oil and natural gas company reported $0.22 EPS for the quarter, beating the consensus estimate of $0.16 by $0.06. The oil and natural gas company earned $447.39 million during the quarter, compared to the consensus estimate of $440.61 million. Parsley Energy had a positive trailing twelve-month return on equity of 5.13% and a negative net margin of 200.23%.
View Parsley Energy's earnings history.

How often does Parsley Energy pay dividends? What is the dividend yield for Parsley Energy?

Parsley Energy announced a quarterly dividend on Wednesday, October 28th. Stockholders of record on Tuesday, December 8th will be given a dividend of $0.05 per share on Friday, December 18th. This represents a $0.20 annualized dividend and a yield of 1.18%. The ex-dividend date of this dividend is Monday, December 7th.
View Parsley Energy's dividend history.

Is Parsley Energy a good dividend stock?

Parsley Energy pays an annual dividend of $0.20 per share and currently has a dividend yield of 1.18%. The dividend payout ratio of Parsley Energy is 17.86%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Parsley Energy will have a dividend payout ratio of 20.83% next year. This indicates that Parsley Energy will be able to sustain or increase its dividend.
View Parsley Energy's dividend history.

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 $9.00 to $22.00. On average, they expect Parsley Energy's share price to reach $14.63 in the next twelve months. This suggests that the stock has a possible downside of 13.6%.
View analysts' price targets for Parsley Energy or view Wall Street analyst' top-rated stocks.

Who are some of Parsley Energy's key competitors?

Some companies that are related to Parsley Energy include RWE Aktiengesellschaft (RWEOY), Ecopetrol (EC), The Hong Kong and China Gas (HOKCY), Pioneer Natural Resources (PXD), Woodside Petroleum (WOPEY), Occidental Petroleum (OXY), Denbury (DEN), Concho Resources (CXO), Toray Industries (TRYIY), Diamondback Energy (FANG), Galp Energia, SGPS (GLPEY), Cabot Oil & Gas (COG), Cenovus Energy (CVE), Continental Resources (CLR) and Devon Energy (DVN).
View all of PE's 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 Micron Technology (MU), Johnson & Johnson (JNJ), The Boeing (BA), Intel (INTC), NVIDIA (NVDA), Advanced Micro Devices (AMD), Devon Energy (DVN), Alibaba Group (BABA), Diamondback Energy (FANG) and Cisco Systems (CSCO).

Who are Parsley Energy's key executives?

Parsley Energy's management team includes the following people:

Mr. Matthew Gallagher, Pres, CEO & Director (Age 39, Pay $1.94M)
Mr. Michael W. Hinson, Co-Founder & Sr. VP of Corp. Affairs (Age 53, Pay $677.37k)
Mr. Ryan Dalton, Exec. VP & CFO (Age 42, Pay $1.06M)
Mr. David Dell'Osso, Exec. VP & COO (Age 43, Pay $1.09M)
Mr. Colin W. Roberts, Exec. VP, Gen. Counsel & Sec. (Age 43, Pay $925.64k)
Mr. Bryan Sheffield, Founder & Exec. Chairman (Age 43)
Mr. Paul Treadwell, Co-Founder & Sr. VP of Production Operations (Age 54)
Ms. Cecilia Camarillo, Sr. VP of Accounting
Mr. Kyle Rhodes, VP of Investor Relations
Katharine McAden, Corp. Communications Mang.

What is Parsley Energy's stock symbol?

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

Who are Parsley Energy's major shareholders?

Parsley Energy's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Tributary Capital Management LLC (0.28%), Wedge Capital Management L L P NC (0.16%), Viking Fund Management LLC (0.11%), Gradient Investments LLC (0.10%), Strs Ohio (0.06%) and Richard P Slaughter Associates Inc (0.02%). Company insiders that own Parsley Energy stock include A R Alameddine, Bryan Sheffield, Colin Roberts, Jerry Windlinger, Mike Hinson and Ron Brokmeyer.
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 Wedge Capital Management L L P NC, Viking Fund Management LLC, Tributary Capital Management LLC, CWM LLC, GWM Advisors LLC, and Gradient Investments LLC. Company insiders that have sold Parsley Energy company stock in the last year include Bryan Sheffield, and Colin Roberts.
View insider buying and selling activity for Parsley Energy or view top insider-selling stocks.

Which major investors are buying Parsley Energy stock?

PE stock was bought by a variety of institutional investors in the last quarter, including Strs Ohio, Copeland Capital Management LLC, Parkside Investments LLC, Richard P Slaughter Associates Inc, IBM Retirement Fund, State of Alaska Department of Revenue, Sippican Capital Advisors, and OLD National Bancorp IN. Company insiders that have bought Parsley Energy stock in the last two years include A R Alameddine, Jerry Windlinger, and Ron Brokmeyer.
View insider buying and selling activity for Parsley Energy or or view top insider-buying stocks.

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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Parsley Energy's stock price today?

One share of PE stock can currently be purchased for approximately $16.93.

How big of a company is Parsley Energy?

Parsley Energy has a market capitalization of $6.99 billion and generates $1.96 billion in revenue each year. The oil and natural gas company earns $175.21 million in net income (profit) each year or $1.12 on an earnings per share basis. Parsley Energy employs 496 workers across the globe.

What is Parsley Energy's official website?

The official website for Parsley Energy is www.parsleyenergy.com.

How can I contact Parsley Energy?

Parsley Energy's mailing address is 303 COLORADO STREET SUITE 3000, AUSTIN TX, 78701. The oil and natural gas company can be reached via phone at 737-704-2300 or via email at [email protected]

This page was last updated on 1/27/2021 by MarketBeat.com Staff

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