Parsley Energy Inc (NYSE:PE) announced a — dividend on Wednesday, August 28th, Wall Street Journal reports. Stockholders of record on Friday, September 20th will be given a dividend of 0.03 per share by the oil and natural gas company on Monday, September 30th. The ex-dividend date of this dividend is Thursday, September 19th.
NYSE:PE opened at $19.86 on Tuesday. The firm’s fifty day moving average is $16.70 and its 200-day moving average is $18.19. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.50 and a current ratio of 0.50. Parsley Energy has a 52 week low of $13.72 and a 52 week high of $31.05. The firm has a market cap of $5.86 billion, a P/E ratio of 14.34, a P/E/G ratio of 0.37 and a beta of 0.48.
Parsley Energy (NYSE:PE) last issued its earnings results on Tuesday, August 6th. The oil and natural gas company reported $0.32 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.31 by $0.01. The business had revenue of $198.50 million for the quarter, compared to analyst estimates of $467.53 million. Parsley Energy had a net margin of 13.69% and a return on equity of 5.72%. Parsley Energy’s revenue was down 57.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.39 earnings per share. As a group, sell-side analysts anticipate that Parsley Energy will post 1.38 earnings per share for the current year.
Several research analysts recently issued reports on PE shares. SunTrust Banks set a $23.00 target price on shares of Parsley Energy and gave the stock a “buy” rating in a research note on Tuesday, September 10th. Robert W. Baird set a $22.00 target price on shares of Parsley Energy and gave the stock a “buy” rating in a research note on Thursday, June 27th. Cowen set a $24.00 target price on shares of Parsley Energy and gave the stock a “buy” rating in a research note on Wednesday, August 21st. Wells Fargo & Co increased their target price on shares of Parsley Energy from $28.00 to $33.00 and gave the stock an “outperform” rating in a research note on Monday, August 12th. Finally, TD Securities increased their target price on shares of Parsley Energy from $25.00 to $26.00 and gave the stock a “buy” rating in a research note on Wednesday, August 7th. One analyst has rated the stock with a sell rating, three have given a hold rating, twenty-five have assigned a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $28.84.
About Parsley Energy
Parsley Energy, Inc, an independent oil and natural gas company, engages in the acquisition, development, exploration, production, and sale of crude oil and natural gas properties in the Permian Basin in west Texas and Southeastern New Mexico. As of December 31, 2018, its acreage position consisted of 198,946 net acres, including 154,107 net acres in the Midland Basin and 44,839 net acres in the Delaware Basin; and operated 425.3 net acres of the horizontal wells and 735.7 net acres of the vertical wells, as well an estimated proved oil, natural gas, and natural gas liquid reserves of 521.7 MMBoe.
Recommended Story: What are some reasons analysts would give stocks a buy rating?
Receive News & Ratings for Parsley Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Parsley Energy and related companies with MarketBeat.com's FREE daily email newsletter.