NYSE:PEParsley Energy Stock Price, Forecast & News Adding Choose a watchlist: Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding Parsley Energy Inc Please log in to your account or sign up in order to add this asset to your watchlist. Log In and Add $6.82 -0.06 (-0.87 %) (As of 04/7/2020 04:00 PM ET) Add Compare Share Today's Range$6.82Now: $6.82▼$7.8950-Day Range$4.12MA: $9.58▼$17.2252-Week Range$3.92Now: $6.82▼$22.11Volume16.77 million shsAverage Volume9.83 million shsMarket Capitalization$2.81 billionP/E Ratio11.00Dividend Yield2.91%Beta1.63 ProfileAnalyst RatingsAdvanced ChartDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsSocial Media 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, 2018, its acreage position consisted of 198,946 net acres, including 154,107 net acres in the Midland Basin and 44,839 net acres in the Delaware Basin; and operated 425.3 net acres of the horizontal wells and 735.7 net acres of the vertical wells, as well an estimated proved oil, natural gas, and natural gas liquid reserves of 521.7 MMBoe. The company was founded in 2008 and is headquartered in Austin, Texas.Read More Beat the Market (BTM) Rank™ 4.4 Analyst's Opinion Consensus RatingParsley Energy has received a consensus rating of Buy. The company's average rating score is 2.81, and is based on 21 buy ratings, 5 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $18.24, Parsley Energy has a potential upside of 167.4% from its current price of $6.82.Amount of Analyst CoverageParsley Energy has been the subject of 16 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Previous Next 3.2 Community Rank Outperform VotesParsley Energy has received 814 “outperform” votes. (Add your “outperform” vote.)Underperform VotesParsley Energy has received 473 “underperform” votes. (Add your “underperform” vote.)Community SentimentParsley Energy has received 63.25% “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. Previous Next 2.5 Dividend Strength Dividend LeadershipParsley Energy is a leading dividend payer. It pays a dividend yield of 2.91%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthParsley Energy does not have a long track record of dividend growth.Dividend CoverageThe dividend payout ratio of Parsley Energy is 17.86 %. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on EPS estimates, Parsley Energy will have a dividend payout ratio of 142.86 % in the coming year. This indicates that Parsley Energy may not be able to sustain their current dividend. Previous Next 4.0 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Parsley Energy insiders have bought more of their company's stock than they have sold. Specifically, they have bought $143,920.00 in company stock and sold $0.00 in company stock.Percentage Held by InsidersOnly 12.14% of the stock of Parsley Energy is held by insiders.Percentage Held by Institutions64.07% of the stock of Parsley Energy is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 3.1 Earnings and Valuation Earnings GrowthEarnings for Parsley Energy are expected to decrease by -65.00% in the coming year, from $0.40 to $0.14 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Parsley Energy is 11.00, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 11.86.Price to Earnings Ratio vs. SectorThe P/E ratio of Parsley Energy is 11.00, which means that it is trading at a less expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 11.39.Price to Earnings Growth RatioParsley Energy has a PEG Ratio of 0.48. PEG Ratios below 1 indicate that a company could be undervalued.Price to Book Value per Share RatioParsley Energy has a P/B Ratio of 0.33. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Previous Next Analyst Opinion: 4.4Community Rank: 3.2Dividend Strength: 2.5Insider Behavior: 4.0Valuation: 3.1 5 -4 -3 -2 -1 -Overall Beat the Market Rank™3.45 out of 5 stars 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 Webhttp://www.parsleyenergy.com/ Phone737-704-2300Debt Debt-to-Equity Ratio0.35 Current Ratio0.50 Quick Ratio0.50Price-To-Earnings Trailing P/E Ratio11.00 Forward P/E Ratio17.05 P/E Growth0.48 Sales & Book Value Annual Sales$1.96 billion Price / Sales1.44 Cash Flow$3.41 per share Price / Cash Flow2.00 Book Value$20.60 per share Price / Book0.33Profitability EPS (Most Recent Fiscal Year)$1.12 Net Income$175.21 million Net Margins8.94% Return on Equity4.87% Return on Assets3.20%Miscellaneous Employees527 Outstanding Shares412,706,000Market Cap$2.81 billion Next Earnings Date5/6/2020 (Estimated) OptionableOptionable 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. PE Rates by TradingView Parsley Energy (NYSE:PE) Frequently Asked Questions How has Parsley Energy's stock been impacted by COVID-19 (Coronavirus)? Parsley Energy's stock was trading at $6.79 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, PE stock has increased by 0.4% and is now trading at $6.82. View which stocks have been mosted impacted by Coronavirus. Do Wall Street analysts recommend investors buy shares of Parsley Energy? 26 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Parsley Energy in the last year. There are currently 5 hold ratings and 21 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Parsley Energy. When is Parsley Energy's next earnings date? Parsley Energy is scheduled to release its next quarterly earnings announcement on Wednesday, May 6th 2020. View our earnings forecast for Parsley Energy. How were Parsley Energy's earnings last quarter? Parsley Energy Inc (NYSE:PE) issued its quarterly earnings results on Wednesday, February, 19th. The oil and natural gas company reported $0.28 earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $0.31 by $0.03. The oil and natural gas company had revenue of $522.45 million for the quarter, compared to analysts' expectations of $514.82 million. Parsley Energy had a return on equity of 4.87% and a net margin of 8.94%. Parsley Energy's quarterly revenue was up 14.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.30 earnings per share. View Parsley Energy's earnings history. How often does Parsley Energy pay dividends? What is the dividend yield for Parsley Energy? Parsley Energy declared a quarterly dividend on Thursday, January 23rd. Shareholders of record on Tuesday, March 10th will be given a dividend of $0.05 per share on Friday, March 20th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 2.93%. The ex-dividend date is Monday, March 9th. This is an increase from Parsley Energy's previous quarterly dividend of $0.03. View Parsley Energy's dividend history. What price target have analysts set for PE? 26 brokers have issued 12-month price objectives for Parsley Energy's stock. Their forecasts range from $8.00 to $29.00. On average, they expect Parsley Energy's stock price to reach $18.24 in the next year. This suggests a possible upside of 167.4% from the stock's current price. View analysts' price targets 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. As it is, low leverage provides the firm with enough financial flexibility. Parsley's impressive reserve replacement ratio of over 406% also bodes well. However, Parsley's geographic concentration risk and infrastructural bottlenecks in the Permian region still remain matters of concern. Further, there are investor concerns over high costs impacting profit levels. Finally, Parsley Energy's cash flow deficit is also a cause of worry. Hence, the stock warrants a cautious stance. " (5/16/2019) 2. Williams Capital analysts commented, "We believe the producon beat was driven by the reset of expectaons and the ability to get back on track with improving capital efficiencies from wider spacing, increased compleon intensity an d by targeng best rock and zones. 1Q19 capex was $406.0 million, above our esmate of $379.3 million and Co nsensus of $390.0 million. a detailed variance relave to our esmates." (5/2/2019) Has Parsley Energy been receiving favorable news coverage? Press coverage about PE stock has trended very negative this week, according to InfoTrie. The research firm ranks the sentiment of press coverage by monitoring 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 -3.3 on InfoTrie's scale. They also assigned news stories about the oil and natural gas company a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an effect on the company's share price in the near term. View the latest news aboutParsley Energy. Who are some of Parsley Energy's key competitors? Some companies that are related to Parsley Energy include WOODSIDE PET LT/ADR (WOPEY), Concho Resources (CXO), GALP ENERGIA SG/ADR (GLPEY), Cabot Oil & Gas (COG), TORAY INDUSTRIE/ADR (TRYIY), Diamondback Energy (FANG), Encana (ECA), Continental Resources (CLR), Devon Energy (DVN), Noble Energy (NBL), Cenovus Energy (CVE), Marathon Oil (MRO), EQT (EQT), Apache (APA) and Cimarex Energy (XEC). 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), Alibaba Group (BABA), Diamondback Energy (FANG), Broadcom (AVGO), Intel (INTC), Devon Energy (DVN), Cisco Systems (CSCO), Citigroup (C) and EOG Resources (EOG). Who are Parsley Energy's key executives? Parsley Energy's management team includes the following people: Mr. Bryan Sheffield, Founder & Exec. Chairman (Age 41)Mr. Matthew Gallagher, Pres, CEO & Director (Age 37)Mr. Ryan Dalton, Exec. VP & CFO (Age 40)Mr. David Dell'Osso, Exec. VP & COO (Age 41)Mr. Colin W. Roberts, Exec. VP, Gen. Counsel & Sec. (Age 41) 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 many different retail and institutional investors. Top institutional shareholders include Gradient Investments LLC (0.04%), Spirit of America Management Corp NY (0.03%) and State of Alaska Department of Revenue (0.00%). Company insiders that own Parsley Energy stock include A R Alameddine, Bryan Sheffield, Colin Roberts, Hemang Desai, 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 Spirit of America Management Corp NY. 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. Which major investors are buying Parsley Energy stock? PE stock was bought by a variety of institutional investors in the last quarter, including Gradient Investments LLC, and State of Alaska Department of Revenue. Company insiders that have bought Parsley Energy stock in the last two years include A R Alameddine, Hemang Desai, Jerry Windlinger, and Ron Brokmeyer. View insider buying and selling activity 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, Robinhood, Fidelity, and Charles Schwab. What is Parsley Energy's stock price today? One share of PE stock can currently be purchased for approximately $6.82. How big of a company is Parsley Energy? Parsley Energy has a market capitalization of $2.81 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 527 workers across the globe. View additional information about Parsley Energy. 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] This page was last updated on 4/7/2020 by MarketBeat.com StaffFeatured Article: Pattern Day Trader - What is the PDT Rule?
