Parsley Energy

PE-N

Analysis and Opinions about PE-N

Signal
Opinion
Expert
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.

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.
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.
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.

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.
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)
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)
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)

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.

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.

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.

PAST TOP PICK
PAST TOP PICK
May 4, 2018

(A Top Pick September 15/17 Up 22%) A pure Permian producer, who just reported earnings and blew the market away with its results. Unlike their peers, they are not constrained by take-away capacity out of the Permian by arranging for long term firm capacity. He thinks Exxon could possibly take them out.

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(A Top Pick September 15/17 Up 22%) A pure Permian producer, who just reported earnings and blew the market away with its results. Unlike their peers, they are not constrained by take-away capacity out of the Permian by arranging for long term firm capacity. He thinks Exxon could possibly take them out.

PAST TOP PICK
PAST TOP PICK
April 17, 2018

(A Top Pick June 19, 2017. Up 2%). He sees meaningful upside this year and next. The company was not well managed this year, but the current CEO is retiring and the next one will be more focused on operations. This stock is trading at a discount to peers (and to the Permian average), it has exposure to the highest growth area, and there is a possibility of a takeout later in the year.

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Parsley Energy (PE-N)
April 17, 2018

(A Top Pick June 19, 2017. Up 2%). He sees meaningful upside this year and next. The company was not well managed this year, but the current CEO is retiring and the next one will be more focused on operations. This stock is trading at a discount to peers (and to the Permian average), it has exposure to the highest growth area, and there is a possibility of a takeout later in the year.

TOP PICK
TOP PICK
September 15, 2017

This is his biggest E & P holding. 90% hedged next year, so it is really a production story and a delineation story. They are spending more money next year than this year on delineation. They’ve had really good success in the new zone where they have 600 locations. They’ll be growing more than 50% next year. Relatively healthy balance sheet and a good hedge position. Trading at a discount relative to other Permian producers. There is upside from them continuing to delineate the Wolf Camp C, because the economics are pretty outstanding on “finding costs” at about $5 a barrel. (Analysts’ price target is $38.)

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Parsley Energy (PE-N)
September 15, 2017

This is his biggest E & P holding. 90% hedged next year, so it is really a production story and a delineation story. They are spending more money next year than this year on delineation. They’ve had really good success in the new zone where they have 600 locations. They’ll be growing more than 50% next year. Relatively healthy balance sheet and a good hedge position. Trading at a discount relative to other Permian producers. There is upside from them continuing to delineate the Wolf Camp C, because the economics are pretty outstanding on “finding costs” at about $5 a barrel. (Analysts’ price target is $38.)

TOP PICK
TOP PICK
July 19, 2017

A Permian producer that has been doing a really good job of acquiring acreage, so they issued a ton of paper on to the market. They’ve grown 14% a quarter for the past couple of years. They now get to slow down on that and focus on delineating their acreage, and also going after some new benches. One that they think they have a command of is the Wolf Camp C, and these wells are super, super economic. Have about 70% of their production hedged next year. (Analysts’ price target is $40.)

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Parsley Energy (PE-N)
July 19, 2017

A Permian producer that has been doing a really good job of acquiring acreage, so they issued a ton of paper on to the market. They’ve grown 14% a quarter for the past couple of years. They now get to slow down on that and focus on delineating their acreage, and also going after some new benches. One that they think they have a command of is the Wolf Camp C, and these wells are super, super economic. Have about 70% of their production hedged next year. (Analysts’ price target is $40.)

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Parsley Energy(PE-N) Rating

Ranking : 4 out of 5

Bullish - Buy Signals / Votes : 2

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 2

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, 2 stock analyst published opinions about PE-N. 2 analyst recommended to BUY the stock. 0 analyst recommended to SELL the stock. The latest stock analyst recommendation is . 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 Eric Nuttall on 2020-03-06. 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?

In the last year, there was no coverage of Parsley Energy published on Stockchase.

What is Parsley Energy stock price?

On 2020-06-01, Parsley Energy (PE-N) stock closed at a price of $9.34.