PE stock: buy or sell?
February 27th, 2020
Parsley Energy, Inc., an independent oil and natural gas company, engages in the acquisition, development, production, exploration, and sale of crude oil and natural gas properties in the Permian Basin in West Texas and Southeastern New Mexico.
Should I buy PE stock?Make a decision about when to buy or sell stocks is one of the hardest parts of being a trader or investor. That's why is so important to choose your own trading plan that fits your character as inversor. There are thousands of trading strategies for you to choose, but at Stocks2.com we prefer those that are simple but successful.
Currently, Parsley Energy stock doesn't match any of these trading strategies, so our recommendation is not to buy.
|New all-time high||No|
|New 52 week high||No|
|Price crossing up 200d MA||No|
|100d MA crossing up 200d MA||No|
Is Parsley Energy stock a buy?
Everyday, hundreds of stock ratings are published by financial analysts to indicate a particular stock's attractiveness.Unfortunately, we couldn't detect any rating for PE stock for the last 30 days.
PE stock analysis
Parsley Energy shares plummed -5.37% to $12.87 today.
Parsley Energy ended today at $12.87 and plummed a chilling -5.37%. Since price and SMA200d lines crossed down on February 7th, PE fell $-4.52 per share (-25.99%). Since January when SMA50d and SMA100d crossed up, PE price slipped $-5.26 per share (-29.01%).
Parsley Energy ended this week at $12.87 and plummed a dreadful -23.16%. This was the third red week in a row, sliding in full a -24.94%.
Parsley Energy is now in fresh lows to find new supports after crossing down the support. Since late January, when PE stock price broke down the 40-weeks moving avarage line, it slid $-5.02 per share (-28.06%). Stocks below the 40w moving average line are usually not recommended for average traders. Since early January when SMA10w and SMA20w crossed up, PE price slipped $-6.71 per share (-34.27%).
PE stock price history
PE IPO was on May 23rd, 2014 at $22.22 per share1. Since then, PE stock sliced a -42.10%, with a yearly average of -8.40%.
1: Adjusted price after possible price splits or reverse-splits.
PE stock historical price chart
PE stock reached 52-week highs on April at $22.03, and all-time highs 2016-12-01 with a price of 39.68.
PE stock price targetNobody can reliably foresee how stock prices may evolve in the future. However, many stock price predictions are published every day by banks, financial institutions and independent analysts. You should not follow the analysts' PE stock price predictions in the hope that they will be met as they may be wrong and not met. For the last month we have not detected any price target for Parsley Energy stock by any trusted analyst.
Financials and fundamental analysis
Earnings date and Earnings per Share, Parsley Energy failed to meet the expectations of the experts and reported a tragic EPS of $0.30 per share when experts were expecting $0.34.
|Quarter||Reporting date||Estimated EPS||Actual EPS||Surprise|
Annual financial resultsIn 2018, Parsley Energy annual sales skyrocketed an extraordinary 88.87% to $1,826.43 M dollars from $967.04 marked in 2017. In line, its profit margin (compared to sales) jumped to 20.21%, that is $369.13 million.
|2013||$121 M||-||$28 M22.7%||-|
|2014||$302 M||149.34%||$23 M7.8%||-14.83%|
|2015||$266 M||-11.83%||$-50.48 M-19.0%||-315.48%|
|2016||$458 M||72.06%||$-74.18 M-16.2%||46.94%|
|2017||$967 M||111.25%||$107 M11.0%||-243.94%|
|2018||$1,826 M||88.87%||$369 M20.2%||245.71%|
Quarterly financial resultsParsley Energy posted $454.88 M in revenues for 2018-Q4, a -10.99% less compared to previous quarter. Reported quarter income marked $53.77 million with a profit margin of 11.82%. Profit margin plunged a -10.35% compared to previous quarter when profit margin was 22.17%. When comparing sales to same quarter last year, Parsley Energy sales marked a super good increase and climbed a 46.03%.
|2017-Q2||$214 M||-||$41 M19.1%||-|
|2017-Q3||$241 M||12.80%||$-13 M-5.5%||-132.72%|
|2017-Q4||$311 M||29.24%||$50 M16.0%||-474.40%|
|2018-Q1||$393 M||26.09%||$83 M21.1%||66.05%|
|2018-Q2||$468 M||19.11%||$119 M25.5%||43.75%|
|2018-Q3||$511 M||9.24%||$113 M22.2%||-4.91%|
|2018-Q4||$455 M||-10.99%||$54 M11.8%||-52.54%|
|2019-Q1||$428 M||-5.98%||$-24 M-5.6%||-144.75%|
Parsley Energy ownershipWhen you are planning to invest in a stock, it's worth to have a look its ownership structure.
Management staff in all public traded companies that hold equity is required to report every transaction to the SEC. For Parsley Energy, 32.52% of all outstanding shares are owned by its staff.
In case of Parsley Energy stock, 0.00% of its shares are held by institutions (mutual funds, pension funds, big banks and other large financial institutions). Bearish positions for PE stock account 0.00%, no big difference from last month.
The following table compares ownership indicators for other stocks related to Parsley Energy:
|Market cap||$4.9 B|
|Total shares||377.4 M|
|Float shares||222.8 M|
|- Institutional holdings (%)||0.0%|
|- Insider holdings (%)||32.5%|
|Shares in short selling||0.0%|
|Thursday, February 27th, 2020|
|Day range||$12.42 - $13.63|
|Average true range||$0.82|
|50d mov avg||$17.38|
|100d mov avg||$16.73|
|200d mov avg||$17.12|
Parsley Energy performanceTo better understand Parsley Energy performance you must becnhmark its gains with other related stocks in same sector or industry. For Parsley Energy, the comparison is made against .
Parsley Energy competitorsUnfortunately, we could not find any public company that could be defined as Parsley Energy competitor. This doesn't mean Parsley Energy does not have any competitor in the market, it's just we could not detected it.
Latest PE stock news
- Seeking AlphaParsley Energy: Consider Buying This Permian Basin StockOctober 18, 2018
- Seeking AlphaParsley Energy: Continuing Strong Production GrowthSeptember 3, 2018