Parsley Energy (PE) - Updates

[dan_s]

After listening to Parsley's Q1 conference call, here is what other energy sector analysts think:

All dated 5/4/2018:
Gabriele Sorbara at Williams Capital rates PE as a HOLD with a price target of $32.00
Michael Scialla at Stifel Nicolaus rates PE a BUY with a price target of $55.00
Dan McSpirit at BMO Capital rates PE a BUY with a price target of $40.00

My valuation as of today is $42.25.

In 2017 Parsley's production increased 77.5% YOY. They are now on-track for 55% YOY production growth in 2018. Plus ..... cash flow from operations will fund 90% of this year's D&C budget and over 100% of growth beyond 2018. These are the kind of companies that draw a lot of Wall Street attention as oil prices rise. ~66% of PE's production is crude oil.