Parsley Energy (PE) Tops Q3 EPS by 2c, Beats on Revenues

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Parsley Energy (PE) PT Raised to $37 at Imperial Capital Following 3Q

November 9, 2017 7:45 AM EST

Imperial Capital raised its price target on Parsley Energy (NYSE: PE) to $37.00 (from $36.00) while maintaining a Outperform rating following the company's 3Q earnings report. Parsley Energy reported 3Q17 adjusted EPS of $0.12 as compared to consensus estimate of $0.10; CFPS of $0.55 and EBITDA of $165mn exceeded... More

U.S. shale producers promise both higher output and returns

November 3, 2017 9:14 PM EDT

By Ernest Scheyder

HOUSTON (Reuters) - U.S. shale producers are telling investors impatient for better returns that they can keep boosting oil output aggressively and do so while still making money for shareholders.

Investors have pushed top U.S. shale companies to focus on returns, rather than higher output, a move that threatened to slow the breakneck growth in supply sparked by the shale revolution in the world's top oil consumer.

For the Organization of the Petroleum Exporting Countries, slower shale production gains would have been welcome. The cartel this year put caps on its... More