PE stock: buy or sell?

PE stock price: $18.52 -0.80% At close on September 20th, 2019

Updated on:
September 20th, 2019

2

Shares of Parsley Energy closed today at $18.52 and slightly fell a bad -0.80%. With Friday it's been 4 sliding days in a row, loosing $-1.31 (-7.09%). On Monday PE boosted a super good 6.86%.

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. Trading strategies are meant for helping you in the decision process of what stocks to choose and when is the best moment to buy them. 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.

Buy setupElegible
New all-time highNo
New 52 week highNo
Price crossing up 200d MANo
100d MA crossing up 200d MANo
This is not a selling recommendation at all, just it's not the best moment to buy if you follow any of these trading strategies.

Is Parsley Energy stock a buy?

Banks and financial institutions publish stock ratings everyday. At Stocks2.com, we collected 15 ratings published for PE stock in the last month.

The general sentiment of these ratings is bullish for PE stock, with 13 positive ratings.
Is PE a good stock to buy?
DateAnalyst / BrokerPrevious ratingCurrent rating
2019-9-16MizuhoNeutralBuy
2019-9-10Bank of American/aBuy
2019-8-7TD Securitiesn/aBuy
2019-8-27MKM Partnersn/aBuy
2019-8-12Wells Fargo & Con/aOutperform
2019-6-24Morgan Stanleyn/aHold
2019-4-23SunTrust Banksn/aBuy
2019-4-22KeyCorpOverweightOverweight
2019-4-12Goldman Sachs Groupn/aBuy
2019-3-5Jefferies Financial GroupBuyBuy
2019-3-13Barclaysn/aBuy
2019-2-22Northland Securitiesn/aBuy
2019-2-11Williams Capitaln/aHold
2019-1-4Imperial CapitalOutperformOutperform
2019-1-29StephensEqual WeightOverweight

PE stock analysis

Daily outlook

Parsley Energy slightly fell a bad -0.80% and closed at $18.52.

Shares of Parsley Energy slightly fell a bad -0.80% and closed at $18.52. For the last 10 days when PE stock price broke up the SMA200d line, it gained $0.85 (4.81%). From a daily perspective, PE is in a short term uptrend after plotting its last bottom ($17.04, on Sep 6th) higher than the previous bottom, and its last top ($20.77, on Monday) also over the previous top. Now trading in between its last bottom and last top PE might consolidate in a plain range, waiting to break out over $20.77 or down under $17.04.

PE stock chart (daily)

Weekly outlook

After boosting a dazzling 6.66% in a week last week, Parsley Energy closed this week at $18.52 and stayed steady a neutral 0.27%. Late July PE plunged a spooky -8.36% in just one week.

Since price and SMA40w lines crossed up last week, PE climbed $1.28 (7.42%).

PE stock chart (weekly)

PE stock price history

PE stock went public on May 23rd, 2014 with a price of $22.261. Since then, PE stock sliced a -16.80%, with a yearly average of -3.40%.

1: Adjusted price after possible price splits or reverse-splits.

PE stock historical price chart

PE stock reached 52-week highs on October at $31.00, and all-time highs 2016-12-01 with a price of 39.76.

PE stock price target is $27.30

Predicting the price evolution of a stock or any financial instrument in a reliable and repeatable way is probably impossible. However, banks and other financial institutions analysts, with the help of lots of data and algorithms do their best to predict the stock prices movement. We do not recommend to follow these stock price predictions without a critical thinking from your side, as their accuracy is usually low. We have 12 price predictions for PE stock released in the last 30 days:
PE stock price predictions
DateAnalyst / BrokerActionPrevious targetCurrent targetDiff
2019-9-16MizuhoUpgradesn/a$24.00-
2019-9-10Bank of AmericaRaises Target$23.00$27.0017.4%
2019-8-7TD SecuritiesRaises Target$25.00$26.004%
2019-8-12Wells Fargo & CoRaises Target$28.00$33.0017.9%
2019-6-24Morgan StanleySet Price Targetn/a$21.00-
2019-4-23SunTrust BanksSet Price Targetn/a$30.00-
2019-4-22KeyCorpRaises Target$21.00$23.009.5%
2019-3-5Jefferies Financial GroupLowers Target$28.00$26.00-7.1%
2019-3-13BarclaysReiteratesn/a$34.00-
2019-2-22Northland SecuritiesReiteratesn/a$29.00-
2019-2-11Williams CapitalReiteratesn/a$22.00-
2019-1-4Imperial CapitalReiterates$45.00$33.00-26.7%
(in average)$28.30$27.30-4.0%
Moving in a range from $34.00 and $21.00, the price prediction for PE stock is $27.30. In average, analysts' outlook on PE price forecast is negative, reducing the target by a -4.00% from previous estimations.

Financials and fundamental analysis

Earnings date and Earnings per Share

Parsley Energy failed experts on February when it posted an Earnings per Share (EPS) of $0.30 when the analysts' forecast was $0.34.
PE earnings date and EPS evolution
QuarterReporting dateEstimated EPSActual EPSSurprise
2017-Q2-n/a0.19n/a
2017-Q32017-11-070.10.1220.0%
2017-Q42018-02-210.180.366.7%
2018-Q12018-05-030.220.3140.9%
2018-Q22018-08-070.410.39-4.9%
2018-Q32018-11-010.440.452.3%
2018-Q42019-02-210.340.3-11.8%
2019-Q1-n/an/an/a
2019-Q2-n/an/an/a
2019-Q3-n/an/an/a

Annual financial results

Compared to 2017, last anual sales report draw an amazing growth of 88.87% to $1,826.43 M USD. When comparing 2018 vs 2017, aligned with this, profit margin (that is, the net income divided by revenues) soared a 9.17% to 20.21%.

PE annual Sales and Income evolution
YearSalesYoYIncome/(margin)YoY
2013$121 M-$28 M22.7%-
2014$302 M149.34%$23 M7.8%-14.83%
2015$266 M-11.83%$-50.48 M-19.0%-315.48%
2016$458 M72.06%$-74.18 M-16.2%46.94%
2017$967 M111.25%$107 M11.0%-243.94%
2018$1,826 M88.87%$369 M20.2%245.71%

Quarterly financial results

Parsley Energy posted $454.88 million in sales for 2018-Q4, a -10.99% less compared to previous quarter. Reported quarter income marked $53.77 M 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%.
PE quarterly Sales and Income evolution
QuarterSales1QoQ2Income1/(margin)QoQ2
2017-Q2$214 M-$41 M19.1%-
2017-Q3$241 M12.80%$-13 M-5.5%-132.72%
2017-Q4$311 M29.24%$50 M16.0%-474.40%
2018-Q1$393 M26.09%$83 M21.1%66.05%
2018-Q2$468 M19.11%$119 M25.5%43.75%
2018-Q3$511 M9.24%$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 ownership

When you are planning to invest in a stock, it's always worth to overview 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, 15.77% of all outstanding shares are owned by its staff.

In case of Parsley Energy stock, 2.40% 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.

For a better understanding, the following table shows ownership data compared to other related stocks:

PEAREXCXOFANGLPI
Market cap$5.2 B$16.9 M$14.7 B$15.8 B$617.4 M
Total shares281.1 M93.7 M201.1 M163.0 M237.5 M
Float shares268.2 M41.8 M197.6 M161.7 M173.1 M
  - Institutional holdings (%)2.4%70.4%96.2%100.9%100.7%
  - Insider holdings (%)15.8%4.7%1.1%0.5%2.4%
Shares in short selling0.0%0.0%0.0%0.0%0.0%

PE summary

Friday, September 20th, 2019
Open$18.72
Close$18.52
Day range$18.37 - $18.75
Previous close$18.67
Session gain-0.80%
Average true range$0.80
50d mov avg$16.90
100d mov avg$17.80
200d mov avg$18.07
Daily patternlt06a
Weekly pattern lb06a

Parsley Energy performance

Performance as an absolute value is never valid if it's not benchmarked against competitors or related stocks in the industry. For Parsley Energy, the benchmark is made against Approach Resources, Concho Resources, Diamondback Energy, Laredo Petroleum and Pioneer Natural Resources.
Stock3m6m12m
PEParsley Energy3.12%1.59%-35.56%
AREXApproach Resource...-47.06%-64.00%-91.74%
CXOConcho Resources-31.35%-29.72%-48.54%
FANGDiamondback Energ...-11.64%-4.13%-24.22%
LPILaredo Petroleum-7.14%-16.40%-70.45%
PXDPioneer Natural R...-12.42%-3.08%-20.97%

Parsley Energy competitors

We picked a few stocks to conform a list of Parsley Energy competitors to check if you are interested in investing in PE:

Latest PE stock news