Last $16.79 USD
Change Today +0.24 / 1.45%
Volume 1.0M
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parsley energy inc-class a (PE) Snapshot

Open
$16.12
Previous Close
$16.55
Day High
$17.10
Day Low
$15.66
52 Week High
06/12/14 - $25.70
52 Week Low
12/8/14 - $11.11
Market Cap
2.1B
Average Volume 10 Days
1.6M
EPS TTM
--
Shares Outstanding
93.9M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
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Current Stock Chart for PARSLEY ENERGY INC-CLASS A (PE)

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parsley energy inc-class a (PE) Details

Parsley Energy, Inc. is engaged in the acquisition, development, production, exploration, and sale of crude oil and natural gas properties located primarily in the Permian Basin region of West Texas. The company primarily holds working interests in the Delaware Basin, as well as in 530 gross producing wells located in the Midland Basin. As of December 31, 2013, it leased or acquired 98,656 net acres, including 76,356 net acres located in the Midland Basin; and 22,300 net acres located in the Delaware Basin. Parsley Energy, Inc. also had an estimated proved oil and natural gas reserves were 54.8 million barrels of oil equivalent. The company was founded in 2008 and is headquartered in Midland, Texas. Parsley Energy, Inc. is a subsidiary of Parsley Energy, LLC.

87 Employees
Last Reported Date: 05/27/14
Founded in 2008

parsley energy inc-class a (PE) Top Compensated Officers

Chairman, Chief Executive Officer and Preside...
Total Annual Compensation: $787.8K
Chief Operating Officer and Vice President
Total Annual Compensation: $314.1K
Vice President, General Counsel and Secretary
Total Annual Compensation: $359.1K
Compensation as of Fiscal Year 2013.

parsley energy inc-class a (PE) Key Developments

Parsley Energy, Inc. Presents at Wells Fargo Securities Research, Economics & Strategy 2014 Energy Symposium, Dec-10-2014 10:15 AM

Parsley Energy, Inc. Presents at Wells Fargo Securities Research, Economics & Strategy 2014 Energy Symposium, Dec-10-2014 10:15 AM. Venue: The Waldorf Astoria, 301 Park Avenue, New York, NY 1002, United States. Speakers: Brad Smith, Director of Investor Relations, Bryan Sheffield, Chairman, Chief Executive Officer and President, Matthew Gallagher, Chief Operating Officer and Vice President, Ryan Dalton, Chief Financial Officer, Principal Accounting Officer and Vice President.

Parsley Energy, Inc. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended Sept. 30, 2014; Reports Production Results for the Third Quarter Ended Sept. 30, 2014; Raises Production Outlook and Provides Capital Expenditure Guidance for the Second Half of 2014

Parsley Energy, Inc. reported unaudited consolidated earnings and production results for the third quarter and nine months ended Sept. 30, 2014. For the quarter, net income attributable to stock holders was $16.9 million, or $0.18 per diluted share, compared to $11.93 million a year ago. Adjusted earnings were $15.8 million, or $0.13 per diluted share. Revenue climbed 2% year over year to $83.6 million from $37.440 million a year ago. Adjusted earnings before interest, income taxes, depreciation, depletion and amortization for the third quarter of 2014 was $56.0 million, compared to $28.185 million a year ago. The company invested approximately $454 million in total capital expenditures, with approximately $164 million allocated to development activities and approximately $290 million allocated to acquisitions. Operating income was $33.887 million, compared to $20.877 million a year ago. Income before income taxes was $35.626 million, compared to $12.284 million a year ago. For the nine months, total revenue was $223.651 million, compared to $80.271 million a year ago. Operating income was $43.759 million, compared to $41.842 million a year ago. Income before income taxes was $2.464 million, compared to $24.647 million a year ago. Net loss attributable to stock holders was $19.79 million, or $0.47 per diluted share, compared to $23.607 million a year ago. Net cash provided by operating activities was $74.10 million, compared to $31.343 million a year ago. Adjusted EBITDA was $153.411 million, compared to $53.595 million a year ago. Adjusted earnings were $46.092 million, or $0.37 per diluted share. For the quarter, average net production rose 9% over the second quarter to around 15,324 barrels of oil equivalent per day, compared to 5,806 barrels of oil equivalent per day for the same quarter last year. Total net production volume was 1,410 MBoe, compared to 534 MBoe a year ago. Production growth was dominated by higher liquids volumes, with oil production up 12% on a sequential basis and NGL volumes up 18% quarter-over-quarter. Gas volumes increased 2% relative to second quarter after reduced line pressures facilitated a production flush in the second quarter. The company raised its outlook for the second half of the current year by at least 1,000 barrels daily from 15,500-16,500 Boe/d to a new range of 17,000 to 17,500 barrels per day, reflecting increased expectations for productivity at its Wolfcamp B well, along with incremental production from recently purchased wells. In light of updated rig activity plans, the company anticipates drilling 21 -- 25 gross (16 -- 20 net) horizontal wells during the second half of the year, up from the previous expectation of 18 -- 22 gross (13 -- 17 net) horizontal wells. Parsley anticipates drilling 70 -- 75 gross (60 -- 65 net) vertical wells during the second half of the year, down from the previous expectation of 75 -- 85 gross (65 -- 75 net) vertical wells. Besides production and well counts, second half guidance remains unchanged. For the second half of 2014, the company expects capital expenditure in the range of $260-$300 million.

Parsley Energy, Inc., Q3 2014 Earnings Call, Nov 12, 2014

Parsley Energy, Inc., Q3 2014 Earnings Call, Nov 12, 2014

 

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