Parsley Energy Inc (NYSE:PE) – Analysts at Jefferies Group lowered their Q1 2018 earnings estimates for shares of Parsley Energy in a report released on Wednesday, according to Zacks Investment Research. Jefferies Group analyst M. Lear now forecasts that the oil and natural gas company will post earnings per share of $0.19 for the quarter, down from their prior forecast of $0.24. Jefferies Group also issued estimates for Parsley Energy’s Q2 2018 earnings at $0.25 EPS, Q3 2018 earnings at $0.32 EPS, Q4 2018 earnings at $0.33 EPS, FY2018 earnings at $1.09 EPS, Q1 2019 earnings at $0.38 EPS, Q2 2019 earnings at $0.41 EPS, Q3 2019 earnings at $0.45 EPS, Q4 2019 earnings at $0.48 EPS and FY2019 earnings at $1.71 EPS.
Other equities research analysts also recently issued research reports about the stock. Northland Securities set a $36.00 price objective on shares of Parsley Energy and gave the company a “buy” rating in a research report on Monday, December 11th. Scotiabank reaffirmed a “buy” rating and set a $38.00 price objective on shares of Parsley Energy in a research report on Wednesday, November 22nd. BMO Capital Markets set a $35.00 price objective on shares of Parsley Energy and gave the company a “buy” rating in a research report on Tuesday, November 14th. Piper Jaffray Companies set a $34.00 target price on shares of Parsley Energy and gave the company a “buy” rating in a research note on Monday, October 23rd. Finally, Williams Capital reduced their target price on shares of Parsley Energy from $36.00 to $33.00 and set a “buy” rating for the company in a research note on Wednesday, October 18th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and twenty-two have issued a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $37.38.
Shares of Parsley Energy (PE) traded up $0.34 during trading hours on Monday, hitting $22.91. 2,031,864 shares of the company were exchanged, compared to its average volume of 7,060,632. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.25. Parsley Energy has a twelve month low of $21.12 and a twelve month high of $33.07. The company has a market cap of $7,168.02, a P/E ratio of 282.16, a PEG ratio of 0.90 and a beta of -0.32.
Several large investors have recently modified their holdings of PE. Assetmark Inc. lifted its stake in shares of Parsley Energy by 417.5% in the 4th quarter. Assetmark Inc. now owns 3,550 shares of the oil and natural gas company’s stock worth $105,000 after acquiring an additional 2,864 shares during the period. Advisor Group Inc. lifted its stake in shares of Parsley Energy by 23.9% in 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 during the period. Cerebellum GP LLC acquired a new stake in shares of Parsley Energy in the 4th quarter worth approximately $128,000. American International Group Inc. acquired a new stake in shares of Parsley Energy in the 4th quarter worth approximately $155,000. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA acquired a new stake in shares of Parsley Energy in the 3rd quarter worth approximately $196,000. 80.19% of the stock is owned by institutional investors.
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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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