|Bid||21.45 x 1100|
|Ask||21.67 x 1400|
|Day's Range||20.85 - 21.53|
|52 Week Range||14.17 - 33.43|
|Beta (3Y Monthly)||0.84|
|PE Ratio (TTM)||15.78|
|Earnings Date||May 1, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||27.13|
Mike Kelly, Seaport Global Securities, joins 'The Exchange' to discuss energy stocks he's watching after oil prices hit their highest in four months.
Oil prices recorded the best quarterly gain in the first three-month period of 2019 since 2009 and the best first-quarter gain since 2002.
Oil major Chevron Corp's $33 billion deal on Friday to acquire Anadarko Petroleum Corp has some investors and industry executives asking whether it is time for other U.S. shale oil and gas producers to consider selling themselves. Anadarko has been one of the pioneers of the shale revolution, which turned the United States into the world's biggest oil producer, overtaking Russia and Saudi Arabia. The Houston-based company's willingness to ink a sale, rather than capitalize on oil prices rebounding, illustrates the significant challenges facing many U.S. shale producers.
Dean Foods Company (NYSE:DF), Pioneer Natural Resources Company (NYSE:PXD), Noble Energy, Inc. (NYSE:NBL), EOG Resources Inc (NYSE:EOG), and Parsley Energy Inc (NYSE:PE) are each in the spotlight for various reasons. Due to the developments that occurred, traders will also be watching each stock more closely in the future. In this article, let's find out why each stock has probably been […]
With an Anadarko deal apparently sewn up, the market is looking at Pioneer Natural Resources, Parsley Energy, and Concho Resources as the next logical takeover targets.
Chesapeake Energy shares slid 4% Friday, after Goldman Sachs downgraded the stock to sell and said it expects the company to have less favorable supply cost and corporate returns than rivals. Analysts led by Brian Singer said an analysis of U.S. supply cost/competitive positioning implications from 2018 reserve reports and its own projections for 2019 cash margins found that the median U.S. supply cost to achieve an 11% after-tax rate of return is $53 a barrel. That supports a $50 to $55 a barrel price range for West Texas Intermediate, the U.S. benchmark. Goldman's mid-cycle price is at the upper end of that range. Analysts are advising clients to buy low cost oil suppliers, Encana Corp. , Parsley Energy Inc. , Pioneer Natural Resources Co. , EOG Resources Inc. and Chevron Corp. , all of which are buy rated. (The note was published ahead of Chevron's acquisition earlier today of Anadarko Petroleum Corp.) Goldman is recommending selling stocks where their valuation post rally appears at odds with competitive positioning, downgrading Cheseapeake, California Resources Corp. and upgrading Murphy Oil Corp. to neutral. For Chesapeake, " we see less favorable supply cost and corporate returns and believe further leverage improvement is still warranted post-WRD (Wildhorse) acquisition," they wrote in a note. Chesapeake shares have gained 1.3% in the last 12 months, while the S&P 500 has gained 8.9%.
Parsley Energy (PE) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
The tally for oil drilling rigs rises in the seventh week after the count fell for six straight weeks to the lowest level since April 2018.
Energy's Latest: Last Week's Outperformers and Underperformers(Continued from Prior Part)Energy stocks In the week that ended on April 5, upstream stock Laredo Petroleum (LPI) fell the most among the stocks in the energy space, which are included
Want to participate in a research study? Help shape the future of investing tools and earn a $60 gift card! Mid-caps stocks, like Parsley Energy, Inc. (NYSE:PE) with a market capitalization of US$5.7b, aren’t the focus of most invest...
AUSTIN, Texas , April 4, 2019 /PRNewswire/ -- Parsley Energy, Inc. (NYSE: PE) plans to report first quarter 2019 financial results on Wednesday, May 1, 2019 after the close of trading on the New York Stock ...
Parsley Energy (PE) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
In New Mexico's Chihuahuan Desert, Exxon Mobil Corp is building a massive shale oil project that its executives boast will allow it to ride out the industry's notorious boom-and-bust cycles. The sprawling site reflects the massive commitment to the Permian Basin by oil majors, who have spent an estimated $10 billion(£7.55 billion) buying acreage in the top U.S. shale field since the beginning of 2017, according to research firm Drillinginfo Inc. The rising investment also reflects a recognition that Exxon, Chevron, Royal Dutch Shell and BP Plc largely missed out on the first phase of the Permian shale bonanza while more nimble independent producers, who pioneered shale drilling technology, leased Permian acreage on the cheap.
Parsley Energy, Inc. (NYSE:PE) is a company with exceptional fundamental characteristics. Upon building up an investment case for a stock, we should look at various aspects. In the case ofRead More...
Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq., a partner at the law firm of Kahn Swick & Foti, LLC (“KSF”), announces that KSF has commenced an investigation into Parsley Energy, Inc. (PE). On January 2, 2019, The Wall Street Journal reported in an article titled “Fracking’s Secret Problem—Oil Wells Aren’t Producing as Much as Forecast” that, according to a review of available public data on production, many of the Company’s shale wells, specifically those involved in the fracking process, were producing oil and gas at a much lower rate than the Company had forecasted to investors.
NEW YORK, March 04, 2019 -- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors,.
The Zacks Analyst Blog Highlights: Diamondback Energy, Cabot Oil & Gas, HollyFrontier, Cimarex Energy and Parsley Energy
Diamondback Energy (FANG) and Cabot Oil & Gas Corporation (COG) reported fourth-quarter earnings that came below the Zacks Consensus Estimate.