PE's one year PEG ratio, measuring expected growth in earnings next year relative to current common stock price is 0.11 -- higher than merely 2.97% 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; only 2.62% of US stocks have a lower such ratio.
In terms of twelve month growth in earnings before interest and taxes, Parsley Energy Inc is reporting a growth rate of -966.8%; that's higher than only 1.89% of US stocks.
Stocks with similar financial metrics, market capitalization, and price volatility to Parsley Energy Inc are IAG, WPX, TECK, CDE, and CXO.
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.
Parsley Energy (PE) delivered robust levels of free cash flows in 2Q20, and with the expected increase in cash flow from operations and low levels of capital expenditures, the Austin, Texas-based oil producer will likely continue reporting free cash flows in the future. Parsley Energy will likely then use the...
Sarfaraz A. Khan on Seeking Alpha | September 9, 2020
Shale producer Parsley Energy raised its cash flow target and reinstated its 2020 production guidance on Tuesday, saying it expects to pump about 110,000 barrels of oil per day in the fourth quarter, according to a company presentation.
Parsley Energy (PE): Q2 Non-GAAP EPS of $0.03 beats by $0.15; GAAP EPS of -$0.95 misses by $0.81.Revenue of $220.21M (-55.8% Y/Y) misses by $108.2M.Net oil production decreased 11% sequentially and increased 30% Y/Y to 112.6 MBo per day, total net production averaged 183.2 MBoe per day.Press Release...
A reopening of some major economies locked down due to the coronavirus has lifted global oil prices and encouraged U.S. shale producers to return at least a third of the 2 million barrels per day (bpd) curtailed since April. With most new drilling halted and OPEC relaxing curbs that have underpinned the oil-price recovery, shale output will slide again in autumn, said oil executives and analysts. Shale output falls off faster than at conventional oil wells, a factor that will lead to output declining by September.