Parsley Energy (PE)
Posted: Wed Nov 30, 2016 1:17 pm
I have updated our profile for Parsley Energy and we will be sending it out this afternoon.
My current valuation increases by $1.00 to $43.00, which compares to First Call's price target of $43.06. My guess is that all of the FC price targets will be going up with oil prices on the rise.
Parsley is a "Growth Machine". They are growing production at a faster pace than the other Permian Basin companies in the Sweet 16. Production should be ~50,000 boepd by year-end.
My current valuation increases by $1.00 to $43.00, which compares to First Call's price target of $43.06. My guess is that all of the FC price targets will be going up with oil prices on the rise.
Parsley is a "Growth Machine". They are growing production at a faster pace than the other Permian Basin companies in the Sweet 16. Production should be ~50,000 boepd by year-end.