With a one year PEG ratio of 0.17, Parsley Energy Inc is expected to have a higher PEG ratio (a measure of how expensive a stock is relative to its expected earnings growth) than merely 3.65% of US stocks.
Of note is the ratio of Parsley Energy Inc's sales and general administrative expense to its total operating expenses; merely 2.55% of US stocks have a lower such ratio.
Over the past twelve months, PE has reported earnings growth of -851.88%, putting it ahead of just 1.98% of US stocks in our set.
If you're looking for stocks that are quantitatively similar to Parsley Energy Inc, a group of peers worth examining would be XOG, MGY, PHX, CXO, and HP.
Parsley Energy is an independent oil and natural gas company focused on the acquisition and development of unconventional oil and natural gas reserves in the Permian Basin in West Texas. The company was founded in 2008 and is based in Austin, Texas.
(Bloomberg) -- Oil closed at the highest level since early March, buoyed by optimism that OPEC+ will rebalance the market. But the rally could turn on what happens at the alliance’s June meeting.The producer group reached a preliminary agreement Wednesday to extend historic output curbs for an extra month, with Saudi Arabia and Russia drawing a hard line on cheating, and insisting that countries make up for past non-compliance by deepening future cuts. Their stance injects some uncertainty into the market, which has rallied from historic lows but remains vulnerable to ongoing demand weakness and a persistent supply glut.In the U.S., the outlook for fuel consumption dimmed after U.S. government data showed that diesel demand fell to a 21-year low last week while inventories rose to the h...