U.S. Markets close in 3 hrs 52 mins
  • S&P 500

    3,663.29
    +0.84 (+0.02%)
     
  • Dow 30

    29,789.28
    -34.64 (-0.12%)
     
  • Nasdaq

    12,348.39
    -6.71 (-0.05%)
     
  • Russell 2000

    1,829.41
    -6.63 (-0.36%)
     
  • Crude Oil

    45.60
    +1.05 (+2.36%)
     
  • Gold

    1,829.90
    +11.00 (+0.60%)
     
  • Silver

    24.07
    -0.02 (-0.10%)
     
  • EUR/USD

    1.2095
    +0.0016 (+0.1330%)
     
  • 10-Yr Bond

    0.9490
    +0.0150 (+1.61%)
     
  • Vix

    20.72
    -0.05 (-0.24%)
     
  • GBP/USD

    1.3350
    -0.0073 (-0.5473%)
     
  • USD/JPY

    104.5280
    +0.2120 (+0.2032%)
     
  • BTC-USD

    18,832.97
    -160.93 (-0.85%)
     
  • CMC Crypto 200

    368.95
    +4.03 (+1.10%)
     
  • FTSE 100

    6,463.39
    +78.66 (+1.23%)
     
  • Nikkei 225

    26,800.98
    +13.44 (+0.05%)
     

Parsley Energy: 4Q Earnings Snapshot

AUSTIN, Texas (AP) _ Parsley Energy Inc. (PE) on Thursday reported fourth-quarter earnings of $53.8 million.

The Austin, Texas-based company said it had profit of 19 cents per share. Earnings, adjusted for non-recurring costs, were 30 cents per share.

The results fell short of Wall Street expectations. The average estimate of 17 analysts surveyed by Zacks Investment Research was for earnings of 34 cents per share.

The independent oil and gas company posted revenue of $454.9 million in the period, which also fell short of Street forecasts. Eleven analysts surveyed by Zacks expected $465 million.

For the year, the company reported profit of $369.1 million, or $1.35 per share. Revenue was reported as $1.83 billion.

Parsley Energy shares have increased 12 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $17.93, a drop of 22 percent in the last 12 months.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PE at https://www.zacks.com/ap/PE