PE - Parsley Energy, Inc.

NYSE - Nasdaq Real-time price. Currency in USD
12.71
-0.89 (-6.54%)
As of 10:44AM EST. Market open.
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Previous close13.60
Open12.87
Bid12.63 x 800
Ask12.64 x 800
Day's range12.41 - 12.89
52-week range12.41 - 22.11
Volume3,266,442
Avg. volume5,922,721
Market cap5.246B
Beta (5Y monthly)0.82
PE ratio (TTM)20.27
EPS (TTM)0.63
Earnings date28 Apr 2020 - 03 May 2020
Forward dividend & yield0.20 (1.38%)
Ex-dividend date08 Mar 2020
1y target est24.73
  • Parsley (PE) Q4 Earnings Miss, Sales Beat on Output Gain
    Zacks

    Parsley (PE) Q4 Earnings Miss, Sales Beat on Output Gain

    Parsley Energy (PE) delivers higher revenues in Q4, attributable to better-than-expected production.

  • Parsley Energy, Inc. Just Missed EPS By 42%: Here's What Analysts Think Will Happen Next
    Simply Wall St.

    Parsley Energy, Inc. Just Missed EPS By 42%: Here's What Analysts Think Will Happen Next

    Last week saw the newest full-year earnings release from Parsley Energy, Inc. (NYSE:PE), an important milestone in the...

  • Parsley Energy (PE) Lags Q4 Earnings Estimates
    Zacks

    Parsley Energy (PE) Lags Q4 Earnings Estimates

    Parsley Energy (PE) delivered earnings and revenue surprises of -9.68% and 3.00%, respectively, for the quarter ended December 2019. Do the numbers hold clues to what lies ahead for the stock?

  • Parsley Energy (PE) Earnings Expected to Grow: What to Know Ahead of Next Week's Release
    Zacks

    Parsley Energy (PE) Earnings Expected to Grow: What to Know Ahead of Next Week's Release

    Parsley Energy (PE) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

  • Coronavirus Hits Oil's Weakest Credits Hardest
    Bloomberg

    Coronavirus Hits Oil's Weakest Credits Hardest

    (Bloomberg Opinion) -- It is possible that even now, after five years of bruising re-education, Saudi Arabia harbors dreams of finally overcoming the U.S. fracking industry’s cockroach-like grip on life.Unfortunately for Riyadh, coronavirus threatens its own health, so instead of letting rip, it’s talking about further supply cuts. Unfortunately for the frackers, such talk — absent full-throated endorsement from Moscow — still leaves Nymex oil futures pegged at just $50 a barrel. Make no mistake, virus or no, there is a deep malaise in the oil market.Immunity is bolstered best with a healthy (or healthy-ish) balance sheet. On Thursday evening, Parsley Energy Inc. priced eight-year bonds at 4.125%. As exploration and production companies go, Parsley’s leverage counts as relatively OK. It ended September with net debt of just under 1.9 times trailing Ebitda, and Fitch Ratings has it just inside investment grade. It is taking the opportunity to raise longer-dated money with a lower coupon to take out 2024 paper costing 6.25% a year, albeit paying a hefty premium of almost 5% of par to do so.Parsley is a relative rarity. Energy’s high-yield market is largely closed, with the option-adjusted spread on the ICE BofA U.S. High Yield Energy Index back above 700 basis points. The lowest-rated energy credits are utter pariahs, with CCC-rated bonds sporting an average spread of almost 2,000 basis points, according to CreditSights, versus an ex-energy average of about 860 points, which seems almost welcoming by comparison.This split between the sort-of-haves and the most-definitely-have-nots is reflected in stocks too. I wrote back in November about how leverage had become a differentiating factor in an E&P sector coming under increasing pressure. The new year’s bout of fear and loathing has exacerbated that. Here’s how the sector has done, split by levels of indebtedness(1):The message from the stock market, and Parsley’s opportunism, is clear: Any fracker wanting to survive 2020 had best ditch the freewheeling habits of yesteryear and hunker down.(1) The four groups are: as follows. Very high leverage (net debt >3x Ebitda) comprising Antero Resources, Chesapeake Energy, Comstock Resources, EQT, Laredo Petroleum, Oasis Petroleum, Range Resources. High leverage (2-3 x Ebitda) comprising Apache, Callon Petroleum, CNX Resources, Matador Resources, QEP Resources, Southwestern Energy. Moderate leverage (1-2x Ebitda) comprising Berry Petroleum, Centennial Resource Development, Cimarex Energy, Continental Resources, Diamondback Energy, Diversified Oil & Gas, Jagged Peak Energy, Marathon Oil, Murphy Oil, Northern Oil and Gas, Parsley Energy, PDC Energy, SM Energy, SRC Energy, Talos Energy, W&T Offshore, WPX Energy. Low leverage (To contact the author of this story: Liam Denning at ldenning1@bloomberg.netTo contact the editor responsible for this story: Mark Gongloff at mgongloff1@bloomberg.netThis column does not necessarily reflect the opinion of Bloomberg LP and its owners.Liam Denning is a Bloomberg Opinion columnist covering energy, mining and commodities. He previously was editor of the Wall Street Journal's Heard on the Street column and wrote for the Financial Times' Lex column. He was also an investment banker.For more articles like this, please visit us at bloomberg.com/opinion©2020 Bloomberg L.P.Subscribe now to stay ahead with the most trusted business news source.

  • How Does Parsley Energy, Inc. (NYSE:PE) Stand Up To These Simple Dividend Safety Checks?
    Simply Wall St.

    How Does Parsley Energy, Inc. (NYSE:PE) Stand Up To These Simple Dividend Safety Checks?

    Could Parsley Energy, Inc. (NYSE:PE) be an attractive dividend share to own for the long haul? Investors are often...

  • Oil & Gas Stock Roundup: Halliburton, Kinder Morgan & Baker Hughes Report Q4 Earnings
    Zacks

    Oil & Gas Stock Roundup: Halliburton, Kinder Morgan & Baker Hughes Report Q4 Earnings

    Big Oil will be in focus this week with supermajors ExxonMobil (XOM) and Chevron (CVX) reporting fourth-quarter earnings on Friday.

  • Parsley Hikes Dividend, Outlines 2020 Plans, Cuts Capex
    Zacks

    Parsley Hikes Dividend, Outlines 2020 Plans, Cuts Capex

    Following the completion of Jagged Peak Energy acquisition earlier this month, Parsley (PE) foresees first quarter 2020 net oil production to average 123 --129 MBo/d.

  • Parsley Energy (PE) Wraps Up Acquisition of Jagged Peak
    Zacks

    Parsley Energy (PE) Wraps Up Acquisition of Jagged Peak

    Parsley Energy's (PE) assets aptly complement Jagged Peak's high-margin, oil-heavy assets in the Delaware Basin.

  • US Shale Drillers to Pump Up More Returns in 2020: 4 Gainers
    Zacks

    US Shale Drillers to Pump Up More Returns in 2020: 4 Gainers

    Given that shale drillers will probably generate handsome free cashflows in 2020, it would be ideal to keep an eye on the following Permian explorers that are poised to gain.

  • Here's Why Energy M&A is Expected to Remain Healthy in 2020
    Zacks

    Here's Why Energy M&A is Expected to Remain Healthy in 2020

    With WTI crude, the domestic benchmark, bouncing back above $60 per barrel on multiple tailwinds, the investor hunger for M&A deals in the energy space is likely to remain strong.

  • The Parsley Energy (NYSE:PE) Share Price Is Down 48% So Some Shareholders Are Getting Worried
    Simply Wall St.

    The Parsley Energy (NYSE:PE) Share Price Is Down 48% So Some Shareholders Are Getting Worried

    Parsley Energy, Inc. (NYSE:PE) shareholders should be happy to see the share price up 19% in the last month. But that...

  • The Zacks Analyst Blog Highlights: Diamondback Energy, Concho, Callon and Parsley Energy
    Zacks

    The Zacks Analyst Blog Highlights: Diamondback Energy, Concho, Callon and Parsley Energy

    The Zacks Analyst Blog Highlights: Diamondback Energy, Concho, Callon and Parsley Energy

  • More Upside Awaits Oil in 2020: Shale Drillers to Gain
    Zacks

    More Upside Awaits Oil in 2020: Shale Drillers to Gain

    The phase-one trade deal, likely to be signed by the first week of January, has improved the outlook for global energy demand.

  • Northern Oil Approves Dividend, Names Nicholas O'Grady as CEO
    Zacks

    Northern Oil Approves Dividend, Names Nicholas O'Grady as CEO

    Management chooses Northern Oil's (NOG) current president and chief financial officer Nicholas O'Grady as its new CEO.

  • Parsley Energy (PE) Down 6% Since Last Earnings Report: Can It Rebound?
    Zacks

    Parsley Energy (PE) Down 6% Since Last Earnings Report: Can It Rebound?

    Parsley Energy (PE) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.

  • The Zacks Analyst Blog Highlights: Diamondback Energy, Pioneer Natural Resources, Callon and Parsley Energy
    Zacks

    The Zacks Analyst Blog Highlights: Diamondback Energy, Pioneer Natural Resources, Callon and Parsley Energy

    The Zacks Analyst Blog Highlights: Diamondback Energy, Pioneer Natural Resources, Callon and Parsley Energy

  • Will OPEC Agree on Deeper Oil Cut to Support Aramco IPO?
    Zacks

    Will OPEC Agree on Deeper Oil Cut to Support Aramco IPO?

    Analysts expect oil prices to increase significantly if OPEC manages to surprise the energy market with a deeper cut.

  • Permian Growth Story to Continue: 5 Oil Producers in Focus
    Zacks

    Permian Growth Story to Continue: 5 Oil Producers in Focus

    The Permian Shale, which is spread over roughly 75,000 square miles of western Texas and southeastern New Mexico, is believed to hold enough oil to feed all the domestic refineries for 12 years.

  • Parsley (PE) Q3 Earnings Miss, Sales Beat on Output Gain
    Zacks

    Parsley (PE) Q3 Earnings Miss, Sales Beat on Output Gain

    Parsley's (PE) third-quarter average quarterly volume grows 29.4% year over year on the back of higher production of oil, natural gas and natural gas liquids.

  • Jagged Peak (JAG) Q3 Earnings Miss on Lower Oil & Gas Prices
    Zacks

    Jagged Peak (JAG) Q3 Earnings Miss on Lower Oil & Gas Prices

    Jagged Peak Energy's (JAG) third-quarter results are affected by lower commodity price realizations and higher operating expenses, partially offset by rise in production volumes.

  • Is There An Opportunity With Parsley Energy, Inc.'s (NYSE:PE) 44% Undervaluation?
    Simply Wall St.

    Is There An Opportunity With Parsley Energy, Inc.'s (NYSE:PE) 44% Undervaluation?

    In this article we are going to estimate the intrinsic value of Parsley Energy, Inc. (NYSE:PE) by estimating the...

  • Parsley Energy (PE) Misses Q3 Earnings Estimates
    Zacks

    Parsley Energy (PE) Misses Q3 Earnings Estimates

    Parsley Energy (PE) delivered earnings and revenue surprises of -14.71% and 1.94%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?

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