PE's one year PEG ratio, measuring expected growth in earnings next year relative to current common stock price is 0.19 -- higher than just 3% of US-listed equities with positive expected earnings growth.
Of note is the ratio of Parsley Energy Inc's sales and general administrative expense to its total operating expenses; just 2.77% of US stocks have a lower such ratio.
Over the past twelve months, PE has reported earnings growth of -974.93%, putting it ahead of just 2.03% of US stocks in our set.
Stocks that are quantitatively similar to PE, based on their financial statements, market capitalization, and price volatility, are CXO, XEC, FANG, CPE, and CDEV.
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) -- One of the top producers in America’s shale patch doesn’t see drilling picking up significantly even after this week’s surprise Saudi pledge to curb production sent prices surging.“I really don’t see much increase in the Permian Basin or the U.S. shale over the next several years,” said Scott Sheffield, chief executive officer of Pioneer Natural Resources Co.U.S. oil output is expected to remain roughly flat at about 11 million barrels a day for the next several years, Sheffield said Wednesday in an investor webcast hosted by Goldman Sachs Group Inc. Meanwhile, two of the nation’s biggest shale regions -- North Dakota’s Bakken and the Eagle Ford in Texas -- may never see growth again, the CEO said.Although the U.S. crude benchmark jumped above $50 a barrel this week for t...