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Parsley Energy, Inc. (PE)

(Delayed Data from NYSE)

$19.72 USD

19.72
6,186,350

+0.83 (4.39%)

Updated May 3, 2019 04:00 PM ET

After-Market: $19.72 (%) 5:22 PM ET

Zacks Rank:

This is our short term rating system that serves as a timeliness indicator for stocks over the next 1 to 3 months. How good is it? See rankings and related performance below.

Zacks Rank Definition Annualized Return
1Strong Buy23.68%
2Buy17.55%
3Hold9.21%
4Sell4.93%
5Strong Sell2.36%
S&P50010.96%

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Style Scores:

The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style.

The scores are based on the trading styles of Value, Growth, and Momentum. There's also a VGM Score ('V' for Value, 'G' for Growth and 'M' for Momentum), which combines the weighted average of the individual style scores into one score.

Value Score A
Growth Score A
Momentum Score A
VGM Score A

Within each Score, stocks are graded into five groups: A, B, C, D and F. As you might remember from your school days, an A, is better than a B; a B is better than a C; a C is better than a D; and a D is better than an F.

As an investor, you want to buy stocks with the highest probability of success. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style.

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NA Value NA Growth NA Momentum NA VGM

Industry Rank:

The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank.

An industry with a larger percentage of Zacks Rank #1's and #2's will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4's and #5's.

The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%.

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NA

Industry: NA

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Zacks News

Pioneer (PXD) Predicts Slow Oil Output Recovery in US Shale

Pioneer (PXD) expects the U.S. production of crude oil to remain uniform, with an estimated output of 11 million barrels a day in the coming years.

Nilanjan Choudhury headshot

Energy M&A: 5 Biggest Deals of 2020 & the Outlook for 2021

Big energy companies, such as Chevron (CVX), Pioneer Natural (PXD), ConocoPhillips (COP), Cenovus Energy (CVE) and Devon Energy (DVN) recently acquired smaller firms with attractive asset bases.

Parsley's (PE) Austin Operations to Make 234 Staff Redundant

Parsley Energy (PE) will permanently furlough 234 employees as it plans to shut down all its offices in Austin.

Pioneer Natural (PXD) Expects Oil Demand to Recover by 2022

Pioneer Natural (PXD) restarts adding oil rigs in Permian as it expects recovery in global oil demand by 2022 or early 2023.

Parsley Energy (PE) Q3 Earnings Beat but Stock Barely Moves

Of Parsley Energy's (PE) total Q3 capital budget at $85 million, 98.8% is allotted to drilling and completion activities.

Pioneer Natural (PXD) to Report Q3 Earnings: A Beat in Store?

Pioneer Natural's (PXD) third-quarter results are likely to be boosted by higher natural gas output and gas price realizations.

Parsley Energy (PE) Surpasses Q3 Earnings and Revenue Estimates

Parsley Energy (PE) delivered earnings and revenue surprises of 37.50% and 1.54%, respectively, for the quarter ended September 2020. Do the numbers hold clues to what lies ahead for the stock?

Shell (RDS.A) Gears Up for Q3 Earnings: What's in Store?

Shell's (RDS.A) Q3 upstream production is estimated between 2,150 and 2,250 thousand barrels of oil equivalent per day (boe/d) after considering the impact of hurricanes in the Gulf of Mexico.

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What's Behind the Recent Frenzy of U.S. Energy M&A Deals?

Big energy companies, such as Chevron (CVX), Pioneer Natural (PXD), ConocoPhillips (COP) and Devon Energy (DVN) have all recently acquired smaller firms with attractive asset bases.

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Shale Mergers Strengthening: ETFs to Benefit

The energy space has warmed up to solid deal activities with the U.s. shale industry announcing back-to-back merger deals.

Parsley Energy (PE) Expected to Beat Earnings Estimates: What to Know Ahead of Q3 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.

Is a Beat Likely for National Oilwell (NOV) in Q3 Earnings?

National Oilwell's (NOV) backlog orders in the Completion & Production Solutions segment might have contracted in Q3 amid the pandemic, lowering crude price as well as drilling rig activities.

Pioneer's (PXD) $4.5B Buyout Deal With Parsley is Official Now

Pioneer's (PXD) deal with Parsley (PE) will create cost synergy that will help the combined entity combat the coronavirus-induced low oil pricing scenario.

What's in the Cards For Patterson-UTI (PTEN) in Q3 Earnings?

Patterson-UTI's (PTEN) Contract Drilling and Pressure Pumping segments are likely to have underperformed in the third quarter.

What's in Store for Core Laboratories (CLB) in Q3 Earnings?

Core Laboratories' (CLB) Production Enhancement unit is expected to have incurred operating loss in Q3, same as the previous quarter.

Pioneer (PXD) in Talks to Buy Parsley: What You Should Know

Pioneer Natural (PXD) to acquire Parsley Energy (PE) in the Permian Basin. They are likely to follow the footsteps of ConocoPhillips, Chevron & others that have carried out M&As in this crisis period.

Factors Setting the Tone for TechnipFMC (FTI) in Q3 Earnings

Softness in North American activity due to the coronavirus pandemic, which caused a crude price crash, is expected to have hurt TechnipFMC's (FTI) Surface segment's top line in Q3.

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4 Top Energy Stocks to Buy Ahead of Q3 Earnings Release

Third-quarter results of the energy stocks are likely to reflect the recovery in prices. This improving trend should aid operators like PE, MUSA, PTEN and SOI.

Can Solid Overseas Market Aid Halliburton (HAL) Q3 Earnings?

Halliburton's (HAL) impressive cost-controlling measures whereby it intends to lower its 2020 capital budget to almost half at $800 million should drive the company's earnings and cash flows higher.

Why Parsley Energy (PE) Might be Well Poised for a Surge

Parsley Energy (PE) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

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5 Lagging U.S. Upstream Companies to Turn It Around in Q4

It seems that crude's worst losses are in the rear-view mirror with signs of gradual rebalancing.

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EIA Lowers 2020, 2021 Oil & Natural Gas Price Forecasts

The agency also projects that U.S. crude output will fall by 800,000 barrels per day to 11.45 million barrels per day in 2020.

The Zacks Analyst Blog Highlights: PBF Energy, Valero Energy, Phillips 66, Parsley Energy and Pioneer Natural Resources

The Zacks Analyst Blog Highlights: PBF Energy, Valero Energy, Phillips 66, Parsley Energy and Pioneer Natural Resources

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6 Key Factors That Could Cause Another Oil Market Crash

While oil prices have come a long way from the depths of coronavirus-induced mayhem, lingering signs of weakness are still evident.

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Permian Oil Production Seen Higher for Second Straight Month

Per EIA, output from the Permian Basin is expected to rise by 23Mbbl/d month over month to 4,173 Mbbl/d in October.