PE stock: buy or sell?
September 20th, 2019
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.
|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?
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.
|Date||Analyst / Broker||Previous rating||Current rating|
|2019-9-10||Bank of America||n/a||Buy|
|2019-8-12||Wells Fargo & Co||n/a||Outperform|
|2019-4-12||Goldman Sachs Group||n/a||Buy|
|2019-3-5||Jefferies Financial Group||Buy||Buy|
PE stock analysis
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.
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 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 $27.30Predicting 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:
|Date||Analyst / Broker||Action||Previous target||Current target||Diff|
|2019-9-10||Bank of America||Raises Target||$23.00||$27.00||17.4%|
|2019-8-7||TD Securities||Raises Target||$25.00||$26.00||4%|
|2019-8-12||Wells Fargo & Co||Raises Target||$28.00||$33.00||17.9%|
|2019-6-24||Morgan Stanley||Set Price Target||n/a||$21.00||-|
|2019-4-23||SunTrust Banks||Set Price Target||n/a||$30.00||-|
|2019-3-5||Jefferies Financial Group||Lowers Target||$28.00||$26.00||-7.1%|
Financials and fundamental analysis
Earnings date and Earnings per ShareParsley Energy failed experts on February when it posted an Earnings per Share (EPS) of $0.30 when the analysts' forecast was $0.34.
|Quarter||Reporting date||Estimated EPS||Actual EPS||Surprise|
Annual financial resultsCompared 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%.
|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 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%.
|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 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:
|Market cap||$5.2 B||$16.9 M||$14.7 B||$15.8 B||$617.4 M|
|Total shares||281.1 M||93.7 M||201.1 M||163.0 M||237.5 M|
|Float shares||268.2 M||41.8 M||197.6 M||161.7 M||173.1 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 selling||0.0%||0.0%||0.0%||0.0%||0.0%|
|Friday, September 20th, 2019|
|Day range||$18.37 - $18.75|
|Average true range||$0.80|
|50d mov avg||$16.90|
|100d mov avg||$17.80|
|200d mov avg||$18.07|
Parsley Energy performancePerformance 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.
|PXDPioneer Natural R...||-12.42%||-3.08%||-20.97%|
Parsley Energy competitorsWe picked a few stocks to conform a list of Parsley Energy competitors to check if you are interested in investing in PE:
- Approach Resources (AREX)
- Concho Resources (CXO)
- Diamondback Energy (FANG)
- Laredo Petroleum (LPI)
- Pioneer Natural Resources (PXD)
Latest PE stock news
- Seeking AlphaParsley Energy: Consider Buying This Permian Basin StockOctober 18, 2018
- Seeking AlphaParsley Energy: Continuing Strong Production GrowthSeptember 3, 2018