Parsley Energy, Inc. (NYSE:PE) – Analysts at KeyCorp lifted their FY2017 EPS estimates for shares of Parsley Energy in a report released on Tuesday. KeyCorp analyst C. Stevens now expects that the oil and natural gas company will post earnings per share of $0.46 for the year, up from their prior estimate of $0.44. KeyCorp currently has a “Buy” rating and a $39.00 target price on the stock. KeyCorp also issued estimates for Parsley Energy’s Q1 2018 earnings at $0.13 EPS, Q2 2018 earnings at $0.16 EPS, Q3 2018 earnings at $0.18 EPS, Q4 2018 earnings at $0.27 EPS and FY2018 earnings at $0.74 EPS.
Several other brokerages have also recently commented on PE. Scotiabank reissued a “buy” rating and issued a $38.00 price target on shares of Parsley Energy in a research report on Wednesday. Barclays PLC raised their price target on shares of Parsley Energy from $32.00 to $35.00 and gave the company an “overweight” rating in a research report on Monday. J P Morgan Chase & Co decreased their price target on shares of Parsley Energy from $44.00 to $38.00 and set an “overweight” rating for the company in a research report on Wednesday, November 15th. BMO Capital Markets set a $35.00 price target on shares of Parsley Energy and gave the company a “buy” rating in a research report on Tuesday, November 14th. Finally, Royal Bank Of Canada reissued an “outperform” rating and issued a $36.00 price target (down previously from $37.00) on shares of Parsley Energy in a research report on Sunday, November 12th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and twenty-three have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $40.23.
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Parsley Energy (PE) opened at $26.54 on Thursday. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.25. The firm has a market cap of $8,277.81, a P/E ratio of 69.29 and a beta of -0.05. Parsley Energy has a 1 year low of $22.98 and a 1 year high of $39.82.
Parsley Energy (NYSE:PE) last posted its quarterly earnings data on Tuesday, November 7th. The oil and natural gas company reported $0.12 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.10 by $0.02. The firm had revenue of $241.02 million during the quarter, compared to analysts’ expectations of $234.58 million. Parsley Energy had a net margin of 3.22% and a return on equity of 1.87%. The firm’s quarterly revenue was up 81.8% on a year-over-year basis. During the same quarter last year, the company posted $0.05 EPS.
Large investors have recently made changes to their positions in the stock. Advisor Group Inc. raised its stake in Parsley Energy by 23.9% during the 2nd quarter. Advisor Group Inc. now owns 4,055 shares of the oil and natural gas company’s stock worth $113,000 after acquiring an additional 781 shares in the last quarter. American International Group Inc. raised its stake in Parsley Energy by 3.8% during the 1st quarter. American International Group Inc. now owns 4,858 shares of the oil and natural gas company’s stock worth $158,000 after acquiring an additional 180 shares in the last quarter. Metropolitan Life Insurance Co. NY raised its stake in Parsley Energy by 14.1% during the 1st quarter. Metropolitan Life Insurance Co. NY now owns 5,949 shares of the oil and natural gas company’s stock worth $193,000 after acquiring an additional 735 shares in the last quarter. Daiwa Securities Group Inc. raised its stake in Parsley Energy by 15.8% during the 2nd quarter. Daiwa Securities Group Inc. now owns 6,600 shares of the oil and natural gas company’s stock worth $183,000 after acquiring an additional 900 shares in the last quarter. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA acquired a new stake in Parsley Energy during the 3rd quarter worth $196,000. Hedge funds and other institutional investors own 78.70% of the company’s stock.
About Parsley Energy
Parsley Energy, Inc is a holding company. The Company is an independent oil and natural gas company. The Company focuses on the acquisition, development and exploitation of unconventional oil and natural gas reserves in the Permian Basin. The Permian Basin is located in West Texas and Southeastern New Mexico and includes three primary sub-areas: the Midland Basin, the Central Basin Platform and the Delaware Basin.
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