News articles about Parsley Energy (NYSE:PE) have been trending somewhat positive on Tuesday, Accern Sentiment Analysis reports. The research group ranks the sentiment of press coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Parsley Energy earned a coverage optimism score of 0.16 on Accern’s scale. Accern also assigned news coverage about the oil and natural gas company an impact score of 47.3153626579386 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Here are some of the news articles that may have impacted Accern Sentiment’s rankings:
Shares of Parsley Energy (NYSE PE) traded up $0.41 during midday trading on Tuesday, hitting $23.56. The stock had a trading volume of 2,161,801 shares, compared to its average volume of 7,037,664. Parsley Energy has a 52 week low of $22.41 and a 52 week high of $34.48. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.25. The stock has a market capitalization of $7,271.77, a price-to-earnings ratio of 295.29, a price-to-earnings-growth ratio of 0.91 and a beta of -0.32.
Several equities analysts recently commented on PE shares. Barclays set a $32.00 price target on shares of Parsley Energy and gave the company a “buy” rating in a research note on Wednesday, October 11th. Imperial Capital increased their price objective on shares of Parsley Energy from $36.00 to $37.00 and gave the stock an “outperform” rating in a research note on Thursday, November 9th. JPMorgan Chase & Co. dropped their target price on shares of Parsley Energy from $44.00 to $38.00 and set an “overweight” rating for the company in a report on Wednesday, November 15th. Zacks Investment Research lowered shares of Parsley Energy from a “hold” rating to a “sell” rating in a report on Wednesday, October 11th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $36.00 price objective (down previously from $37.00) on shares of Parsley Energy in a report on Sunday, November 12th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and twenty-one have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $37.96.
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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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