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Parsley Energy

PE-N

Analysis and Opinions about PE-N

Signal
Opinion
Expert
Chart
PAST TOP PICK
PAST TOP PICK
February 16, 2021

(A Top Pick Sep 01/20, Up 56.4%)Stockchase Research Editor: Michael O'Reilly Our PAST TOP PICK with PE has resulted in the company being acquired by Pioneer Natural Resources. We are considering the position now closed at the last market closing price of $16.93. Combined with the previous recommendation to cover 50%, the total return on investment exceeded 52%.

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Parsley Energy (PE-N)
February 16, 2021

(A Top Pick Sep 01/20, Up 56.4%)Stockchase Research Editor: Michael O'Reilly Our PAST TOP PICK with PE has resulted in the company being acquired by Pioneer Natural Resources. We are considering the position now closed at the last market closing price of $16.93. Combined with the previous recommendation to cover 50%, the total return on investment exceeded 52%.

PAST TOP PICK
PAST TOP PICK
January 7, 2021
(A Top Pick Aug 25/20, Up 47.8%)Stockchase Research Editor: Michael O'Reilly Our PAST TOP PICK with PE continues to advance and has achieved our $16 target. To be disciplined, we are recommending covering 50% of the position and trailing up the stop to $12. This would all but guarantee an minimum return of 29%.
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Parsley Energy (PE-N)
January 7, 2021
(A Top Pick Aug 25/20, Up 47.8%)Stockchase Research Editor: Michael O'Reilly Our PAST TOP PICK with PE continues to advance and has achieved our $16 target. To be disciplined, we are recommending covering 50% of the position and trailing up the stop to $12. This would all but guarantee an minimum return of 29%.
PAST TOP PICK
PAST TOP PICK
December 31, 2020
(A Top Pick Sep 01/20, Up 30.7%)Stockchase Research Editor: Michael O'Reilly Our PAST TOP PICK in PE has progressed nicely. We are recommending trailing up the stop to $11.50 -- just above the initial recommended buy level.
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Parsley Energy (PE-N)
December 31, 2020
(A Top Pick Sep 01/20, Up 30.7%)Stockchase Research Editor: Michael O'Reilly Our PAST TOP PICK in PE has progressed nicely. We are recommending trailing up the stop to $11.50 -- just above the initial recommended buy level.
TOP PICK
TOP PICK
September 1, 2020
PE is an independent oil and gas producer in the Permian. EPS is expected to grow by 56% in the coming year and it trades at 52% of book value. There are currently 21 buy ratings on the company. It latest earnings reported $0.03 EPS versus consensus of of ($0.14). Plus it pays a reasonable dividend. We would trade this with an $8 stop-loss. At current prices this over 40% of upside. Yield 1.86% (Analysts’ price target is $15.83)
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Parsley Energy (PE-N)
September 1, 2020
PE is an independent oil and gas producer in the Permian. EPS is expected to grow by 56% in the coming year and it trades at 52% of book value. There are currently 21 buy ratings on the company. It latest earnings reported $0.03 EPS versus consensus of of ($0.14). Plus it pays a reasonable dividend. We would trade this with an $8 stop-loss. At current prices this over 40% of upside. Yield 1.86% (Analysts’ price target is $15.83)
COMMENT
COMMENT
March 6, 2020

The best valuation opportunities are in Canada, he thinks. He would sell WPX for the tax loss and buy Parsley instead, who has better exposure to Canada.

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Parsley Energy (PE-N)
March 6, 2020

The best valuation opportunities are in Canada, he thinks. He would sell WPX for the tax loss and buy Parsley instead, who has better exposure to Canada.

Eric Nuttall
Price
$10.665
Owned
_N/A
PAST TOP PICK
PAST TOP PICK
December 19, 2019
(A Top Pick Dec 14/18, Up 12%) A pure play pernium. We were lied to in terms of inventory, well depth and productivity there. There are better opportunities now north of the boarder.
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Parsley Energy (PE-N)
December 19, 2019
(A Top Pick Dec 14/18, Up 12%) A pure play pernium. We were lied to in terms of inventory, well depth and productivity there. There are better opportunities now north of the boarder.
Eric Nuttall
Price
$18.370
Owned
No
PAST TOP PICK
PAST TOP PICK
November 15, 2019
(A Top Pick Nov 16/18, Down 28%) Dirty oil is not getting funding in the US and their share price reflects this. They just added an acquisition in the Permian. He liked the management team change. They are able to grow 10-15% based on current oil pricing. He just prefers to buy in Canada where valuations are at a significant discount.
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Parsley Energy (PE-N)
November 15, 2019
(A Top Pick Nov 16/18, Down 28%) Dirty oil is not getting funding in the US and their share price reflects this. They just added an acquisition in the Permian. He liked the management team change. They are able to grow 10-15% based on current oil pricing. He just prefers to buy in Canada where valuations are at a significant discount.
Eric Nuttall
Price
$16.165
Owned
No
COMMENT
COMMENT
July 19, 2019

US oil stocks He holds 80% Canadian oil and 20% American, and those are two American stocks: Parsley and WPX-N. Good assets, better than peers. If you want American oil, but not Exxon Mobile, looks at these two.

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Parsley Energy (PE-N)
July 19, 2019

US oil stocks He holds 80% Canadian oil and 20% American, and those are two American stocks: Parsley and WPX-N. Good assets, better than peers. If you want American oil, but not Exxon Mobile, looks at these two.

Eric Nuttall
Price
$16.520
Owned
Unknown
PAST TOP PICK
PAST TOP PICK
April 26, 2019
(A Top Pick Dec 14/18, Up 24%) They are in the Permian, where production is constrained, but improving. The new CEO is strong and the company is trading at 4 times cash flow. He expects to see a large M&A wave to drive up trading multiples to 7 times cash flow, making companies like PE-N seem relatively cheap.
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Parsley Energy (PE-N)
April 26, 2019
(A Top Pick Dec 14/18, Up 24%) They are in the Permian, where production is constrained, but improving. The new CEO is strong and the company is trading at 4 times cash flow. He expects to see a large M&A wave to drive up trading multiples to 7 times cash flow, making companies like PE-N seem relatively cheap.
Eric Nuttall
Price
$20.320
Owned
Yes
TOP PICK
TOP PICK
December 14, 2018
They have a 30 year drilling inventory in the Permian. It trades at only 3 times cash flow for the 2020 time period -- offering tremendous upside potential. Yield 0%. (Analysts’ price target is $36.90)
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Parsley Energy (PE-N)
December 14, 2018
They have a 30 year drilling inventory in the Permian. It trades at only 3 times cash flow for the 2020 time period -- offering tremendous upside potential. Yield 0%. (Analysts’ price target is $36.90)
Eric Nuttall
Price
$16.430
Owned
Yes
TOP PICK
TOP PICK
November 16, 2018
They are a Permian producer. They have several decades’ worth of inventory where they can achieve production growth of 20% per year for the next 5-7 years. They will produce excess cash flow. See very meaningful upside in this name. Yield = 0% (Analysts’ price target is $41.14)
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Parsley Energy (PE-N)
November 16, 2018
They are a Permian producer. They have several decades’ worth of inventory where they can achieve production growth of 20% per year for the next 5-7 years. They will produce excess cash flow. See very meaningful upside in this name. Yield = 0% (Analysts’ price target is $41.14)
Eric Nuttall
Price
$22.050
Owned
Yes
TOP PICK
TOP PICK
September 14, 2018

At an $11 billion market cap, it is consider a mid-cap in the US. A Permian play producer, who can likely increase production by 20% per year for the next 7-10 years. It is inexpensive, when considering Midland Texas differentials are expected to narrow back in beginning next year. This could be an acquisition target in the future. Yield 0%. (Analysts’ price target is $41.44)

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Parsley Energy (PE-N)
September 14, 2018

At an $11 billion market cap, it is consider a mid-cap in the US. A Permian play producer, who can likely increase production by 20% per year for the next 7-10 years. It is inexpensive, when considering Midland Texas differentials are expected to narrow back in beginning next year. This could be an acquisition target in the future. Yield 0%. (Analysts’ price target is $41.44)

Eric Nuttall
Price
$28.260
Owned
Yes
PAST TOP PICK
PAST TOP PICK
August 17, 2018

(A Top Pick September 15/17 Up 10%). There is consolidation going on in the Permian basin and he expects this could be the next target sometime early in 2019. You could see valuation near $45. He was buying more early this week.

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Parsley Energy (PE-N)
August 17, 2018

(A Top Pick September 15/17 Up 10%). There is consolidation going on in the Permian basin and he expects this could be the next target sometime early in 2019. You could see valuation near $45. He was buying more early this week.

Eric Nuttall
Price
$28.370
Owned
Yes
PAST TOP PICK
PAST TOP PICK
July 20, 2018

(A top pick July 19/17, up 8%) This is a significant weighting for him. Confidant they will beat Q2 results and increase guidance this year. Could be a $45 stock if he is right in his $80 oil price prediction.

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Parsley Energy (PE-N)
July 20, 2018

(A top pick July 19/17, up 8%) This is a significant weighting for him. Confidant they will beat Q2 results and increase guidance this year. Could be a $45 stock if he is right in his $80 oil price prediction.

Eric Nuttall
Price
$31.550
Owned
Yes
TOP PICK
TOP PICK
May 4, 2018

A previous Top Pick that he still likes. A good way to gain Permian exposure with a potential 50% upside as a possible take out candidate by Exxon.

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A previous Top Pick that he still likes. A good way to gain Permian exposure with a potential 50% upside as a possible take out candidate by Exxon.

Eric Nuttall
Price
$31.920
Owned
Yes
Showing 1 to 15 of 19 entries

Parsley Energy(PE-N) Rating

Ranking : 4 out of 5

Bullish - Buy Signals / Votes : 3

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 3

Stockchase rating for Parsley Energy is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Parsley Energy(PE-N) Frequently Asked Questions

What is Parsley Energy stock symbol?

Parsley Energy is a American stock, trading under the symbol PE-N on the New York Stock Exchange (PE). It is usually referred to as NYSE:PE or PE-N

Is Parsley Energy a buy or a sell?

In the last year, 3 stock analysts published opinions about PE-N. 3 analysts recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is PAST TOP PICK. Read the latest stock experts' ratings for Parsley Energy.

Is Parsley Energy a good investment or a top pick?

Parsley Energy was recommended as a Top Pick by The Panic-Proof Portfolio (Stockchase Research) on 2021-02-16. Read the latest stock experts ratings for Parsley Energy.

Why is Parsley Energy stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is Parsley Energy worth watching?

3 stock analysts on Stockchase covered Parsley Energy In the last year. It is a trending stock that is worth watching.

What is Parsley Energy stock price?

On 2021-01-12, Parsley Energy (PE-N) stock closed at a price of $16.93.