Parsley Egy

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Benzinga · 1h ago
Pioneer Natural Resources inks $7.6B deal for Parsley Energy
As rumored last night, Pioneer Natural Resources (PXD) has agreed to purchase Parsley Energy (PE) in an all-stock deal valued at about $4.5B. Adding debt to be assumed by Pioneer
Seekingalpha · 3h ago
Pioneer Natural Resources Announces Agreement To Acquire Parsley Energy For $4.5B In All-Stock Transaction; Parsley Shareholders To Receive A Fixed Exchange Ratio Of 0.1252 Shares Of Pioneer Common Stock For Each Share Of Parsley Common Stock Owned
Pioneer Natural Resources Company (NYSE:PXD) ("Pioneer" or "the Company") and Parsley Energy, Inc. (NYSE:PE) ("Parsley") today announced that they have entered into a definitive
Benzinga · 3h ago
Pioneer to Buy Parsley for $4.5 Billion in Latest Shale Merger
Bloomberg · 3h ago
Pioneer Natural/Parsley deal talks must navigate potential Father-Son conflict
According to Bloomberg, the current merger talks between Pioneer Natural Resources ([[PXD]] -3.9%) and Parsley Energy ([[PE]] +5.0%), will have to reportedly deal with an unusual family dynamic that has raised concerns about
Seekingalpha · 3h ago
Texas Oil Deal Talks Must Navigate Potential Father-Son Conflict
(Bloomberg) -- The latest merger talks between two Permian shale producers will have to deal with an unusual family dynamic that has raised concerns about a potential conflict of interest.Pioneer Natural Resources Co. is in discussions to buy rival Parsley Energy Inc. in an all-stock deal that could be finalized by the end of the month, according to a person familiar with the matter. Pioneer is run by Scott Sheffield while his son Bryan is Parsley’s founder and chairman.The possible deal comes amid a growing wave of consolidation in the U.S. shale industry, which is struggling with low energy prices and pressure from investors to realize cost savings and a more stable financial footing. One such combination was confirmed Monday when ConocoPhillips announced its acquisition of Concho Resources Inc.The Sheffields’ history as Texan wildcatters spans several generations and multiple cycles of boom and bust. Pioneer’s origins go back to the business run by Scott’s father-in-law, Joe Parsley. Scott, 68, is a veteran oil executive who first took the top job at Pioneer predecessor Parker & Parsley in 1985. Bryan, 42, became a billionaire at the time of Parsley Energy’s 2014 initial public offering, months before the oil price crashed from $100-a-barrel levels.The Sheffields have more of their wealth tied up in Parsley than they do in Pioneer, data compiled by Bloomberg show. Bryan is Parsley’s 11th largest shareholder, with a 2.7% stake valued at about $105 million. Scott’s stake in Pioneer is worth about $51 million. A spokesperson for Pioneer declined to comment on the merger while Parsley didn’t respond to messages seeking comment.The family connection probably means that “any potential transaction would need to clear an incremental layer of scrutiny from each company’s [board of directors] before reaching the finish line,” JPMorgan Chase & Co. analyst Arun Jayaram wrote in a note.The U.S. shale industry has been a lightning rod for accusations of poor corporate governance over the past few years. Executives have raked in millions of dollars in pay, bonuses and stock awards while stock performance languished, and in some cases their companies went bankrupt.“There are some investors who worry this could be an outrageous conflict of interest and there are others who really believe if the deal’s in everyone’s interest then it’s fine,” said Paul Sankey, a New York-based analyst at Sankey Research.Parsley executives would share $13.8 million in stock payments for a change of control, filings show, with CEO Matt Gallagher -- a former Pioneer employee -- receiving $5.6 million. Gallagher would also be entitled to $7.8 million if he was ousted from the merged entity.Bryan Sheffield, who retired last year as CEO, was removed from the list of Parsley executives entitled to payouts resulting from a merger or acquisition earlier this year.Scott Gruber, an analyst at Citigroup Inc., said the family connections between the companies may help them decide on one of the toughest aspects of deal negotiations -- who ends up with the most senior roles. “We think the social elements of a potential tie-up may be more straightforward to navigate,” he wrote in a note.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Bloomberg · 5h ago
Pioneer-Parsley Talks Show Oil M&A Is Accelerating
Fewer, more rational players could transform and revive the industry. · 7h ago
Return On Capital Employed Overview: Parsley Energy
During Q2, Parsley Energy (NYSE: PE) brought in sales totaling $220.21 million. However, earnings decreased 98.44%, resulting in a loss of $75.70 million. Parsley Energy collected $564.80 million in revenue during Q1, but reported earnings showed a $4.86 billion loss.What Is ROCE? Return on Capital Employed is a measure of yearly pre-tax profit relative to capital employed by a business. Changes in earnings and sales indicate shifts in a company's ROCE. A higher ROCE is generally representative of successful growth of a company and is a sign of higher earnings per share in the future. A low or negative ROCE suggests the opposite. In Q2, Parsley Energy posted an ROCE of -0.02%.Keep in mind, while ROCE is a good measure of a company's recent performance, it is not a highly reliable predictor of a company's earnings or sales in the near future.View more earnings on PEROCE is an important metric for the comparison of similar companies. A relatively high ROCE shows Parsley Energy is potentially operating at a higher level of efficiency than other companies in its industry. If the company is generating high profits with its current level of capital, some of that money can be reinvested in more capital which will generally lead to higher returns and earnings per share growth.In Parsley Energy's case, the ROCE ratio shows the amount of assets may not be helping the company achieve higher returns. Investors may take this into account before making any long-term financial decisions.Q2 Earnings Recap Parsley Energy reported Q2 earnings per share at $0.03/share, which beat analyst predictions of $-0.12/share.See more from Benzinga * Options Trades For This Crazy Market: Get Benzinga Options to Follow High-Conviction Trade Ideas * Looking Into Aptinyx's Return On Capital Employed * Looking Into Acorda Therapeutics's Return On Capital Employed(C) 2020 Benzinga does not provide investment advice. All rights reserved.
Benzinga · 8h ago
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Learn about the latest financial forecast of PE. Analyze the recent business situations of Parsley Egy through EPS, BVPS, FPS, and other data. This information may help you make smarter investment decisions.
Analyst Rating

Based on 32 analysts


Disclaimer: The analysis information is for reference only and does not constitute an investment recommendation.

Analyst Price Target
The average PE stock price target is 15.50 with a high estimate of 22.00 and a low estimate of 11.00.
Institutional Holdings
Institutions: 0
Institutional Holdings: 0
% Owned: 0.00%
Shares Outstanding: 412.79M
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  • Performance
  • Asset Allocation
  • Dividend History
No Data
Oil & Gas Exploration and Production
Oil & Gas
Key Executives
Chairman/Executive Director
Bryan Sheffield
President/Chief Executive Officer/Director
Matthew Gallagher
Chief Financial Officer/Executive Vice President
Ryan Dalton
Chief Financial Officer/Executive Vice President
Ryan James Dalton
Chief Operating Officer/Executive Vice President
David Dell'Osso
Senior Vice President
Mike Hinson
Executive Vice President/General Counsel
Colin Roberts
Senior Vice President
Michael Hinson
Senior Vice President
Stephanie Reed
Director of Investor Relations/IR Contact Officer
Kyle Rhodes
Lead Director/Independent Director
A. R. Alameddine
Lead Director/Independent Director
A.R. Alameddine
Independent Director
Ronald Brokmeyer
Independent Director
William Browning
Independent Director
Hemang Desai
Independent Director
Karen Hughes
Independent Director
James Kleckner
Independent Director
David Smith
Independent Director
S. Wil VanLoh
Independent Director
Jerry Windlinger
  • Dividends
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  • Insider Activity
Declaration Date
Dividend Per Share
Ex-Div Date
Dividend USD 0.05
Dividend USD 0.05
Dividend USD 0.05
Dividend USD 0.03
Dividend USD 0.03
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About PE
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.
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