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Slideshow Secondary Stock Offerings

By The Online Investor Staff, updated Tue., Aug. 30, 5:01 AM

Slide #15. Parsley Energy, Inc. Secondary Offering

Company: Parsley Energy, Inc. (NYSE:PE)
Date announced: 8/15/2016
Shares Offered: 7,250,000
Date of Pricing: 8/15/2016
Price Per Share: $33.54
Secondary Offering Details: Parsley Energy, Inc. (NYSE: PE) ("Parsley Energy" or the "Company") today announced that it has commenced an underwritten public offering of 7,000,000 shares of Class A common stock (the "Equity Offering"). The Company expects to grant the underwriters an option to purchase up to an additional 1,050,000 shares of Class A common stock from the Company. -updated 8/15- Parsley Energy, Inc. (NYSE: PE) ("Parsley Energy" or the "Company") today announced that it has priced an underwritten, upsized public offering of 7,250,000 shares of Class A common stock for total gross proceeds (before underwriters' fees and estimated expenses) of approximately $243.2 million (the "Equity Offering"). The 7,250,000 million share offering represents a 250,000 share upsize to the originally proposed 7,000,000 share offering. The underwriters have an option for 30 days to purchase up to an additional 1,087,500 shares of Class A common stock from the Company. The Equity Offering is expected to close on August 19, 2016, subject to customary closing conditions.

Parsley Energy is an oil and natural gas holding company that focused on the acquisition, development and exploitation of unconventional oil and natural gas reserves in the Permian Basin, located in West Texas and Southeastern New Mexico and is comprised of the Midland Basin, the Central Basin Platform and the Delaware Basin. Co.'s properties are located in the Midland and Delaware Basins and its activities have been focused on the vertical development of the Spraberry, Wolfberry and Wolftoka Trends of the Midland Basin. As of Dec 31 2015, Co.'s proved reserves consisted of 73.8 million barrels of oil (MMBbls), 23.7 MMBbls of natural gas liquids and 157.18 billion cubic feet of natural gas.

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Company Name:  Parsley Energy Inc
Sector:  Oil & Gas Exploration & Production
Number of ETFs Holding PE:  35
Total Market Value Held by ETFs:  $157.48M
Total Market Capitalization:  $6.76B
% of Market Cap. Held by ETFs:  2.33%

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August 30, 2016    5:01 AM Eastern
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Strong Buy (3.73 out of 4)
79th percentile
(ranked higher than approx. 79% of all stocks covered)
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