|Bid||0.00 x 900|
|Ask||0.00 x 2900|
|Day's Range||18.94 - 19.54|
|52 Week Range||14.17 - 33.43|
|Beta (3Y Monthly)||0.81|
|PE Ratio (TTM)||16.19|
|Earnings Date||Feb 19, 2019 - Feb 25, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||30.00|
Some frackers are scaling back next year’s drilling plans amid weak crude prices, a quick reversal for an industry that months earlier expected 2019 to be a banner year. Producers Diamondback Energy Inc., Parsley Energy Inc. and Centennial Resource Development Inc. either plan to operate fewer drilling rigs in 2019 or recently lowered production plans in the country’s most active drilling region, the Permian Basin in Texas and New Mexico, the companies have said in public statements and filings. Diamondback said earlier this month that it would immediately drop three of its 24 rigs, with the possibility of operating as few as 18 rigs next year.
NEW YORK/HOUSTON, Dec 21 (Reuters) - U.S. shale producers are slamming the brakes on next year's drilling with crude prices off 40 percent and mounting fears of oversupply, paring budgets that in some cases were set only weeks earlier. The reversal is alarming because blistering growth in shale fields has propelled U.S. crude output 16 percent to about 10.9 million barrels per day for 2018, above Saudi Arabia and Russia. Shale producer Centennial Resource Development on Thursday joined rivals Diamondback Energy, and Parsley Energy in canceling drilling rig additions next year.
Crude oil prices continued falling but OPEC reportedly plans to release detailed member quotas as well as deeper production cuts to stop the decline.
AUSTIN, Texas, Dec. 19, 2018 /PRNewswire/ -- Parsley Energy, Inc. (PE) ("Parsley," "Parsley Energy," or the "Company") today provided an initial overview of its 2019 development program and also updated expectations for certain full-year 2018 results. Consistent with the Company's commitment to capital discipline and in response to recent commodity price trends, Parsley intends to reduce development activity in 2019 while still delivering healthy production growth. The Company estimates that capital expenditures of $1.35-$1.55 billion will translate to total production of 124-134 MBoe per day and oil production of 80-85 MBo per day in 2019, representing year-over-year production growth of approximately 20% on both measures.
The 700+ hedge funds and money managers tracked by Insider Monkey have already compiled and submitted their 13F filings for the second quarter, which unveil their equity positions as of September 30. We went through these filings, fixed typos and other more significant errors and identified the changes in hedge fund positions. Our extensive review […]
The largest Insider Buys this week were for Lowe's Companies Inc. (LOW), Steel Dynamics Inc. (STLD), Parsley Energy Inc. (PE) and Keurig Dr Pepper Inc. (KDP)
Parsley Energy (PE) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
Parsley Energy (PE) delivered earnings and revenue surprises of 2.27% and 4.03%, respectively, for the quarter ended September 2018. Do the numbers hold clues to what lies ahead for the stock?
On a per-share basis, the Austin, Texas-based company said it had profit of 41 cents. Earnings, adjusted for non-recurring costs, came to 45 cents per share. The results topped Wall Street expectations. ...
AUSTIN, Texas , Nov. 1, 2018 /PRNewswire/ -- Parsley Energy, Inc. (NYSE: PE) ("Parsley," "Parsley Energy," or the "Company") today announced financial and operating results ...
Moody's Investors Service ("Moody's") upgraded Parsley Energy LLC's (Parsley) Corporate Family Rating (CFR) to Ba3 from B1, Probability of Default Rating (PDR) to Ba3-PD from B1-PD and senior unsecured notes to B1 from B2, and affirmed its SGL-3 Speculative Grade Liquidity (SGL) rating. "Parsley's continued execution on its growth plan amidst a supportive commodity price environment will keep the company's credit metrics strong," said Arvinder Saluja, Moody's Vice President. Parsley's Ba3 CFR reflects the company's strong execution on its growth capital spending, material sustained production growth in a volatile commodity price environment, and progressively improved credit metrics (which have been helped by equity issuances).
Transocean (RIG) comes up with adjusted net profit in the third quarter of 2018, courtesy of higher revenues and fleet utilization rates.
Stocks with market capitalization between $2B and $10B, such as Parsley Energy Inc (NYSE:PE) with a size of US$9.2b, do not attract as much attention from the investing community as Read More...
AUSTIN, Texas , Oct. 10, 2018 /PRNewswire/ -- Parsley Energy, Inc. (NYSE: PE) plans to report third quarter 2018 financial results on Thursday, November 1, 2018 after the close of trading on the New York ...