Morningstar - Parsley Energy Inc. Class A (PE) Initiating Coverage of Parsley Energy With $18 FVE

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Morningstar

Dave Meats

EUR 100.00 For Business Accounts Only

Initiating Coverage of Parsley Energy With $18 FVE

We are launching coverage of Parsley Energy with a no-moat rating and a fair value estimate of $18 per share, making the stock fairly valued at current levels. The firm is a midsize Permian Basin pure play, with about 200,000 net acres of leasehold in the Delaware and Midland Basins.Â
Like most peers, Parsley has gravitated away from growth for growthâ€™s sake and is now prioritizing free cash flows and returns. The 2019 incentive plan includes a component linked to cash returns on capital investe...

23/05/2019 12 EN

Underlying

Parsley Energy Inc. Class A

Parsley Energy is a holding company. Through its subsidiaries, the company is an independent oil and natural gas company focused on the acquisition, development, exploration and production of unconventional oil and natural gas properties in the Permian Basin. The Permian Basin is located in West Texas and southeastern New Mexico. The company's properties are located in two sub areas of the Permian Basin, the Midland and Delaware Basins, where the company focuses on horizontal development drilling.

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US7018771029 United States

Provider

Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

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Analysts

Dave Meats

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Initiating Coverage of Parsley Energy With $18 FVE

Monthly LMI Update Independent Investment Research

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Thanks to a better fundamental star rating, PARSLEY ENERGY INCO. sees an upgrade to Neutral

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Sasol Provides Full-Year Production Update

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