Parsley Energy (NYSE:PE) Earning Somewhat Favorable News Coverage, Study Shows

News coverage about Parsley Energy (NYSE:PE) has trended somewhat positive this week, Accern Sentiment Analysis reports. The research group scores the sentiment of news coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Parsley Energy earned a coverage optimism score of 0.16 on Accern’s scale. Accern also gave news articles about the oil and natural gas company an impact score of 46.8167163128387 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.

These are some of the news articles that may have impacted Accern Sentiment’s scoring:

Several research analysts have recently commented on PE shares. Williams Capital lowered their price target on Parsley Energy from $36.00 to $33.00 and set a “buy” rating for the company in a research report on Wednesday, October 18th. Zacks Investment Research lowered Parsley Energy from a “hold” rating to a “sell” rating in a research report on Friday, October 20th. Piper Jaffray Companies set a $34.00 price target on Parsley Energy and gave the stock a “buy” rating in a research report on Monday, October 23rd. Imperial Capital increased their price objective on Parsley Energy from $36.00 to $37.00 and gave the company an “outperform” rating in a research note on Thursday, November 9th. Finally, Northland Securities reiterated a “buy” rating and issued a $40.00 price objective on shares of Parsley Energy in a research note on Friday, November 10th. Two investment 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 stock currently has a consensus rating of “Buy” and a consensus price target of $37.38.

Parsley Energy (NYSE PE) traded up $0.24 during midday trading on Wednesday, hitting $22.81. The company had a trading volume of 1,541,633 shares, compared to its average volume of 7,015,266. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.92 and a current ratio of 0.92. Parsley Energy has a 52-week low of $21.12 and a 52-week high of $33.07. The stock has a market capitalization of $7,168.02, a price-to-earnings ratio of 282.16, a P/E/G ratio of 0.90 and a beta of -0.32.

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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.

Insider Buying and Selling by Quarter for Parsley Energy (NYSE:PE)

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