Parsley Energy (PE) Update from Stifel - Jan 24
Posted: Fri Jan 24, 2020 11:20 am
Parsley Energy, Inc. (PE, $16.74, Buy; Target $30.00) - Boosting Dividend Via Cost Savings - Michael S. Scialla
- We view the release as positive. Efficiency gains and lower service costs enabled a meaningful increase to the dividend. In addition, significantly lower than expected pre-released 4Q19 capex should outweigh a slight oil production shortfall for the quarter.
- We view the release as positive. Efficiency gains and lower service costs enabled a meaningful increase to the dividend. In addition, significantly lower than expected pre-released 4Q19 capex should outweigh a slight oil production shortfall for the quarter.