Media stories about Parsley Energy (NYSE:PE) have been trending somewhat positive recently, according to Accern Sentiment. The research firm ranks the sentiment of news coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Parsley Energy earned a daily sentiment score of 0.18 on Accern’s scale. Accern also assigned news stories about the oil and natural gas company an impact score of 47.3373274411837 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Here are some of the media headlines that may have impacted Accern Sentiment’s rankings:
A number of research analysts have issued reports on the stock. KeyCorp restated a “buy” rating and set a $39.00 target price on shares of Parsley Energy in a research report on Tuesday, September 19th. Piper Jaffray Companies restated a “buy” rating on shares of Parsley Energy in a research report on Sunday, September 24th. JPMorgan Chase & Co. reduced their price target on shares of Parsley Energy from $50.00 to $44.00 and set an “overweight” rating on the stock in a research report on Tuesday, September 26th. US Capital Advisors reiterated an “overweight” rating on shares of Parsley Energy in a research report on Monday, October 2nd. Finally, Stifel Nicolaus set a $46.00 price target on shares of Parsley Energy and gave the stock a “buy” rating in a research report on Thursday, October 5th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and twenty-two have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $38.76.
Parsley Energy (NYSE PE) traded down $0.39 during mid-day trading on Wednesday, hitting $28.72. 5,517,100 shares of the stock traded hands, compared to its average volume of 5,028,700. The company has a market capitalization of $9,130.00, a P/E ratio of 410.29, a P/E/G ratio of 1.52 and a beta of -0.05. Parsley Energy has a 12-month low of $22.98 and a 12-month high of $37.72. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.92 and a quick ratio of 0.92.
Parsley Energy (NYSE:PE) last released its quarterly earnings results on Tuesday, November 7th. The oil and natural gas company reported $0.12 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.10 by $0.02. Parsley Energy had a net margin of 3.22% and a return on equity of 1.87%. The firm had revenue of $241.02 million during the quarter, compared to the consensus estimate of $234.58 million. During the same quarter last year, the firm earned $0.05 earnings per share. The company’s revenue for the quarter was up 81.8% on a year-over-year basis. sell-side analysts expect that Parsley Energy will post 0.5 earnings per share for the current year.
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Parsley Energy Company Profile
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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