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.
Good value with adequate balance sheet.
Share Price & News
How has Parsley Energy's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: PE's share price has been volatile over the past 3 months.
7 Day Return
US Oil and Gas
1 Year Return
US Oil and Gas
Return vs Industry: PE underperformed the US Oil and Gas industry which returned -57.2% over the past year.
Return vs Market: PE underperformed the US Market which returned -12.7% over the past year.
Price Volatility Vs. Market
How volatile is Parsley Energy's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall StThe Consensus EPS Estimates For Parsley Energy, Inc. (NYSE:PE) Just Fell By 26%
3 weeks ago | Simply Wall StWhat Is Parsley Energy's (NYSE:PE) P/E Ratio After Its Share Price Tanked?
4 weeks ago | Simply Wall StLead Director A. Alameddine Just Bought Shares In Parsley Energy, Inc. (NYSE:PE)
Is Parsley Energy undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: PE ($5.23) is trading below our estimate of fair value ($28.81)
Significantly Below Fair Value: PE is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: PE is poor value based on its PE Ratio (8.3x) compared to the Oil and Gas industry average (6.7x).
PE vs Market: PE is good value based on its PE Ratio (8.3x) compared to the US market (13x).
Price to Earnings Growth Ratio
PEG Ratio: PE is poor value based on its PEG Ratio (22.2x)
Price to Book Ratio
PB vs Industry: PE is good value based on its PB Ratio (0.3x) compared to the US Oil and Gas industry average (0.5x).
How is Parsley Energy forecast to perform in the next 1 to 3 years based on estimates from 20 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: PE's forecast earnings growth (0.4% per year) is below the savings rate (1.7%).
Earnings vs Market: PE's earnings (0.4% per year) are forecast to grow slower than the US market (12.3% per year).
High Growth Earnings: PE's earnings are forecast to grow, but not significantly.
Revenue vs Market: PE's revenue (0.4% per year) is forecast to grow slower than the US market (7.3% per year).
High Growth Revenue: PE's revenue (0.4% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: PE's Return on Equity is forecast to be low in 3 years time (1.5%).
How has Parsley Energy performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: PE has high quality earnings.
Growing Profit Margin: PE's current net profit margins (8.9%) are lower than last year (20.2%).
Past Earnings Growth Analysis
Earnings Trend: PE's earnings have grown significantly by 51.1% per year over the past 5 years.
Accelerating Growth: PE's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: PE had negative earnings growth (-52.5%) over the past year, making it difficult to compare to the Oil and Gas industry average (-11.4%).
Return on Equity
High ROE: PE's Return on Equity (3.2%) is considered low.
How is Parsley Energy's financial position?
Financial Position Analysis
Short Term Liabilities: PE's short term assets ($398.4M) do not cover its short term liabilities ($795.6M).
Long Term Liabilities: PE's short term assets ($398.4M) do not cover its long term liabilities ($2.5B).
Debt to Equity History and Analysis
Debt Level: PE's debt to equity ratio (33.5%) is considered satisfactory.
Reducing Debt: PE's debt to equity ratio has reduced from 67.8% to 33.5% over the past 5 years.
Debt Coverage: PE's debt is well covered by operating cash flow (58.9%).
Interest Coverage: PE's interest payments on its debt are well covered by EBIT (3.3x coverage).
Inventory Level: PE has a high level of physical assets or inventory.
Debt Coverage by Assets: PE's debt is not covered by short term assets (assets are 0.2x debt).
What is Parsley Energy's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: PE's dividend (3.82%) is higher than the bottom 25% of dividend payers in the US market (1.98%).
High Dividend: PE's dividend (3.82%) is low compared to the top 25% of dividend payers in the US market (5.49%).
Stability and Growth of Payments
Stable Dividend: Too early to tell whether PE's dividend payments have been stable as they only just started paying a dividend.
Growing Dividend: Too early to tell if PE's dividend payments are increasing as they only just started paying a dividend.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (9.6%), PE's dividend payments are thoroughly covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: PE's dividends in 3 years are forecast to be well covered by earnings (30.8% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Matt Gallagher (37yo)
Mr. Matthew Gallagher, also known as Matt, has been Chief Executive Officer of Parsley Energy, Inc. since January 1, 2019. Mr. Gallagher has been President of Parsley Energy, Inc. since January 5, 2017 and ...
CEO Compensation Analysis
Compensation vs Market: Matt's total compensation ($USD3.89M) is about average for companies of similar size in the US market ($USD4.58M).
Compensation vs Earnings: Matt's compensation has been consistent with company performance over the past year.
|Founder & Executive Chairman||3.17yrs||US$5.04m||2.71% $58.5m|
|Executive VP & CFO||6.25yrs||US$2.72m||0.13% $2.8m|
|Executive VP & COO||1.42yrs||US$2.59m||0.011% $227.3k|
|Executive VP||6.83yrs||US$1.86m||0.081% $1.8m|
|Co-Founder & Senior VP of Production Operations||3.17yrs||no data||no data|
|Co-Founder & Senior VP of Corporate Affairs||12.17yrs||US$1.37m||0.10% $2.2m|
|Senior Vice President of Accounting||4.17yrs||no data||no data|
|Vice President of Investor Relations||no data||no data||no data|
|Corporate Communications Manager||no data||no data||no data|
Experienced Management: PE's management team is seasoned and experienced (5.2 years average tenure).
|Founder & Executive Chairman||3.17yrs||US$5.04m||2.71% $58.5m|
|Lead Director||no data||US$293.63k||0.036% $781.1k|
|Independent Director||3.25yrs||US$246.13k||0.0070% $152.2k|
|Independent Director||2.58yrs||US$255.58k||0.0027% $59.4k|
|Director||0.17yr||no data||0.061% $1.3m|
|Independent Director||5.58yrs||US$272.93k||0.0050% $106.8k|
|Independent Director||6.25yrs||US$258.63k||0.012% $251.7k|
|Independent Director||5.67yrs||US$246.13k||0.0092% $199.4k|
|Independent Director||4yrs||US$246.13k||0.0082% $177.4k|
Experienced Board: PE's board of directors are considered experienced (3.3 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: PE insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 2.7%.
Parsley Energy, Inc.'s company bio, employee growth, exchange listings and data sources
- Name: Parsley Energy, Inc.
- Ticker: PE
- Exchange: NYSE
- Founded: 2008
- Industry: Oil and Gas Exploration and Production
- Sector: Energy
- Implied Market Cap: US$2.158b
- Market Cap: US$1.816b
- Shares outstanding: 412.71m
- Website: https://www.parsleyenergy.com
Number of Employees
- Parsley Energy, Inc.
- 303 Colorado Street
- Suite 3000
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|PE||NYSE (New York Stock Exchange)||Yes||Class A Common Stock||US||USD||May 2014|
|17PA||DB (Deutsche Boerse AG)||Yes||Class A Common Stock||DE||EUR||May 2014|
|PE *||BMV (Bolsa Mexicana de Valores)||Yes||Class A Common Stock||MX||MXN||May 2014|
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.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/03/31 03:42|
|End of Day Share Price||2020/03/30 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.