Inactive Instrument

Parsley Energy, Inc.

PE

US7018771029

Oil & Gas Exploration and Production

Parsley Energy: 3Q Earnings Snapshot

October 28, 2020 at 05:04 pm EDT

AUSTIN, Texas (AP) _ Parsley Energy Inc. (PE) on Wednesday reported third-quarter profit of $22.6 million.

The Austin, Texas-based company said it had net income of 6 cents per share. Earnings, adjusted for non-recurring costs, came to 22 cents per share.

The results topped Wall Street expectations. The average estimate of 13 analysts surveyed by Zacks Investment Research was for earnings of 16 cents per share.

The independent oil and gas company posted revenue of $447.4 million in the period, which also beat Street forecasts. Eight analysts surveyed by Zacks expected $440.6 million.

Parsley Energy shares have fallen 47% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $9.93, a fall of 39% in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PE at https://www.zacks.com/ap/PE

Latest news about Parsley Energy, Inc.

Parsley Energy, Inc. Reports Earnings Results for the Full Year Ended December 31, 2020	21-05-07	CI
Parsley Energy, Inc.(NYSE:PE) dropped from S&P TMI Index	21-01-13	CI
Parsley Energy, Inc.(NYSE:PE) dropped from S&P Global BMI Index	21-01-13	CI
Parsley Energy, Inc. Announces Executives Resignations	21-01-12	CI
Parsley Energy, Inc. Announces the Resignation of Matt Gallagher as Chief Executive Officer	21-01-12	CI
Parsley Energy, Inc. Announces the Resignation of Ryan Dalton as Chief Financial Officer	21-01-12	CI
Parsley Energy, Inc.(NYSE:PE) dropped from Russell 1000 Dynamic Index	21-01-12	CI
Parsley Energy, Inc.(NYSE:PE) dropped from Russell 1000 Index	21-01-12	CI
Parsley Energy, Inc.(NYSE:PE) dropped from Russell 3000 Index	21-01-12	CI
Parsley Energy, Inc.(NYSE:PE) dropped from Russell 1000 Value Index	21-01-12	CI
Parsley Energy, Inc.(NYSE:PE) dropped from Russell 2500 Index	21-01-12	CI
Parsley Energy, Inc.(NYSE:PE) dropped from Russell Midcap Index	21-01-12	CI
Parsley Energy, Inc.(NYSE:PE) dropped from Russell Small Cap Completeness Index	21-01-12	CI
Parsley Energy, Inc.(NYSE:PE) dropped from Russell Small Cap Comp Value Index	21-01-12	CI
Parsley Energy, Inc.(NYSE:PE) dropped from Russell 2500 Value Index	21-01-12	CI
Parsley Energy, Inc.(NYSE:PE) dropped from Russell 3000 Value Index	21-01-12	CI
Parsley Energy, Inc.(NYSE:PE) dropped from Russell Midcap Value Index	21-01-12	CI
Parsley Energy, Inc.(NYSE:PE) dropped from Russell 3000E Index	21-01-12	CI
Parsley Energy, Inc.(NYSE:PE) dropped from Russell 3000E Value Index	21-01-12	CI
Parsley Energy, Inc.(NYSE:PE) dropped from Russell 2500 Dynamic Index	21-01-12	CI
Parsley Energy, Inc.(NYSE:PE) dropped from Russell Midcap Dynamic Index	21-01-12	CI
Parsley Energy, Inc.(NYSE:PE) dropped from Russell 1000 Value-Dynamic Index	21-01-12	CI
Parsley Energy, Inc.(NYSE:PE) dropped from Russell 2500 Value-Dynamic Index	21-01-12	CI
Parsley Energy, Inc.(NYSE:PE) dropped from Russell Midcap Val-Dynamic Index	21-01-12	CI
Diamondback Energy : Oil and gas dealmaking peaks in Q4 as pandemic spurs consolidation - Enverus	21-01-06	RE

Parsley Energy, Inc. is a holding company. The Company is an independent oil and natural gas company. The Company focuses on the acquisition, development and exploitation of unconventional oil and natural gas reserves in the Permian Basin. The Permian Basin is located in West Texas and Southeastern New Mexico and includes three primary sub-areas: the Midland Basin, the Central Basin Platform and the Delaware Basin. The Company's properties are primarily located in the Midland and Delaware Basins, where it focuses on horizontal development drilling and target various stacked pay intervals in the Spraberry, Wolfcamp, Upper Pennsylvanian (Cline) and Atoka shales. As of December 31, 2016, it had an average working interest of 87% in 166 gross (146.7 net) horizontal wells, of which 151 gross (132.4 net) are in the Midland Basin. As of December 31, 2016, the Company operated seven horizontal rigs and three vertical drilling rigs.

Sector

Oil & Gas Exploration and Production

More about the company

Sector Oil Exploration & Production - Onshore

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Oil Exploration & Production - Onshore

Parsley Energy, Inc.

Equities

PE

US7018771029

Oil & Gas Exploration and Production

Parsley Energy: 3Q Earnings Snapshot

Latest news about Parsley Energy, Inc.

Chart Parsley Energy, Inc.

Company Profile

Sector Oil Exploration & Production - Onshore