Parsley Energy, Inc. (NYSE:PE) is expected to report third quarter earnings results, after market close, on Wednesday 28th October 2020.
Analysts polled by Thomson Reuters anticipate third quarter income of $ 0.18 per share.
Looking ahead, the full year income are expected at $ 0.67 per share on the revenues of $ 1694.86 million.
Previous Quarter Performance
Parsley Energy, Inc. communicated income for the second quarter of $ 0.03 per share, from the revenue of $ 220.21 million. The consensus estimates are loss of $ 0.12 per share from $ 319.61 million in revenue. The bottom line results beat street analysts by $ 0.15 or 125.00 percent, at the same time, top line results fell short of analysts by $ 99.4 million or 31.1 percent.
Stock Performance
Shares of Parsley Energy, Inc. traded up $ 0.08 or 0.78 percent on Tuesday, reaching $ 10.37 with volume of 11.46 million shares. Parsley Energy, Inc. has traded high as $ 10.53 and has cracked $ 10.25 on the downward trend
According to the previous trading day, closing price of $ 10.37, representing a 162.50 % increase from the 52 week low of $ 3.92 and a 48.88 % decrease over the 52 week high of $ 20.13.
The company has a market capital of $ 4.28 billion and is part of the Energy sector and Oil & Gas E&P industry.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.05 per share on August 5, 2020. The dividend were payable on September 18, 2020 to holders of record as of the close of business on September 8, 2020 and ex-dividend date on September 4, 2020.
Parsley Energy, Inc., an independent oil and natural gas company, engages in the acquisition, development, exploration, production, and sale of crude oil and natural gas properties in the Permian Basin in west Texas and Southeastern New Mexico. As of December 31, 2018, its acreage position consisted of 198,946 net acres, including 154,107 net acres in the Midland Basin and 44,839 net acres in the Delaware Basin; and operated 425.3 net acres of the horizontal wells and 735.7 net acres of the vertical wells, as well an estimated proved oil, natural gas, and natural gas liquid reserves of 521.7 MMBoe. The company was founded in 2008 and is headquartered in Austin, Texas.
