Parsley Energy (PE) Set to Announce Quarterly Earnings on Wednesday

Parsley Energy (NYSE:PE) will be announcing its earnings results after the market closes on Wednesday, February 21st. Analysts expect the company to announce earnings of $0.17 per share for the quarter.

Parsley Energy (NYSE:PE) opened at $23.46 on Tuesday. Parsley Energy has a one year low of $21.12 and a one year high of $33.07. The firm has a market cap of $7,380.00, a P/E ratio of 335.14, a P/E/G ratio of 0.93 and a beta of -0.32. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.25.

A number of research analysts recently weighed in on PE shares. Imperial Capital lifted their price objective on shares of Parsley Energy from $36.00 to $37.00 and gave the company an “outperform” rating in a research note on Thursday, November 9th. JPMorgan Chase & Co. reduced their price objective on shares of Parsley Energy from $44.00 to $38.00 and set an “overweight” rating for the company in a research note on Wednesday, November 15th. Barclays lifted their price objective on shares of Parsley Energy from $32.00 to $35.00 and gave the company an “overweight” rating in a research note on Monday, November 20th. Robert W. Baird started coverage on shares of Parsley Energy in a research note on Tuesday, December 19th. They issued an “outperform” rating and a $33.00 price objective for the company. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $36.00 price objective (down from $37.00) on shares of Parsley Energy in a research note on Sunday, November 12th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and twenty-one have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $36.00.

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About Parsley Energy

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.

Earnings History for Parsley Energy (NYSE:PE)

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