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.
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Industry, Sector and Symbol
Industry Crude petroleum & natural gas
Sub-IndustryN/A
SectorOils/Energy
Phone737-704-2300
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$1.96 billion
Profitability
Miscellaneous
Employees527
Next Earnings Date5/6/2020 (Estimated)
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 often does Parsley Energy pay dividends? What is the dividend yield for Parsley Energy?
Parsley Energy announced a quarterly dividend on Thursday, January 23rd. Investors 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 annualized dividend and a dividend yield of 1.38%. The ex-dividend date of this dividend is Monday, March 9th. This is a boost from Parsley Energy's previous quarterly dividend of $0.03. View Parsley Energy's Dividend History.
How were Parsley Energy's earnings last quarter?
Parsley Energy Inc (NYSE:PE) posted its quarterly earnings data on Wednesday, February, 19th. The oil and natural gas company reported $0.28 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.31 by $0.03. The oil and natural gas company earned $522.45 million during the quarter, compared to analyst estimates of $514.82 million. Parsley Energy had a net margin of 8.94% and a return on equity of 4.89%. The business's quarterly revenue was up 14.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.30 EPS. View Parsley Energy's Earnings History.
When is Parsley Energy's next earnings date?
What price target have analysts set for PE?
24 brokers have issued 12 month price targets for Parsley Energy's shares. Their forecasts range from $19.00 to $34.00. On average, they expect Parsley Energy's stock price to reach $24.32 in the next twelve months. This suggests a possible upside of 67.3% from the stock's current price. View Analyst Price Targets for Parsley Energy.
What is the consensus analysts' recommendation for Parsley Energy?
24 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Parsley Energy in the last year. There are currently 3 hold ratings, 20 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Buy." 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'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 somewhat negative recently, according to InfoTrie Sentiment. The research firm identifies positive and negative news coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. Parsley Energy earned a media sentiment score of -1.4 on InfoTrie's scale. They also assigned media stories about the oil and natural gas company a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an effect on the stock's share price in the near future. View News Stories for Parsley Energy.
Are investors shorting Parsley Energy?
Parsley Energy saw a drop in short interest during the month of January. As of January 31st, there was short interest totalling 12,820,000 shares, a drop of 6.3% from the January 15th total of 13,680,000 shares. Based on an average trading volume of 6,130,000 shares, the days-to-cover ratio is presently 2.1 days. Approximately 5.8% of the shares of the stock are sold short. View Parsley Energy's Current Options Chain.
Who are some of Parsley Energy's key competitors?
Some companies that are related to Parsley Energy include WOODSIDE PET LT/ADR (WOPEY), Encana (ECA), Concho Resources (CXO), GALP ENERGIA SG/ADR (GLPEY), Diamondback Energy (FANG), Cenovus Energy (CVE), Apache (APA), TORAY INDUSTRIE/ADR (TRYIY), Continental Resources (CLR), Noble Energy (NBL), Sasol (SSL), Marathon Oil (MRO), Devon Energy (DVN), Cabot Oil & Gas (COG) and WPX Energy (WPX).
What other stocks do shareholders of Parsley Energy own?
Who are Parsley Energy's key executives?
Parsley Energy's management team includes the folowing 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)
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 Victory Capital Management Inc. (2.84%), Victory Capital Management Inc. (2.82%), Capital World Investors (2.58%), FMR LLC (2.35%), State Street Corp (2.23%) and Van ECK Associates Corp (1.61%). 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 Barrow Hanley Mewhinney & Strauss LLC, Boston Partners, SG Americas Securities LLC, FMR LLC, State Street Corp, CIBC Private Wealth Group LLC, Alliancebernstein L.P. and US Bancorp DE. 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 purchased by a variety of institutional investors in the last quarter, including Capital World Investors, Point72 Asset Management L.P., Vaughan Nelson Investment Management L.P., Janus Henderson Group PLC, Alyeska Investment Group L.P., Goldman Sachs Group Inc., Copeland Capital Management LLC and Beryl Capital Management LLC. Company insiders that have bought Parsley Energy stock in the last two years include A R Alameddine, Bryan Sheffield, Hemang Desai, Jerry Windlinger 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, Robinhood, Fidelity and Charles Schwab.
What is Parsley Energy's stock price today?
One share of PE stock can currently be purchased for approximately $14.54.
How big of a company is Parsley Energy?
Parsley Energy has a market capitalization of $4.60 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?
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.
