Analysts predict that Parsley Energy (NYSE:PE) will announce earnings of $0.21 per share for the current quarter, according to Zacks. Eleven analysts have made estimates for Parsley Energy’s earnings, with estimates ranging from $0.13 to $0.28. Parsley Energy reported earnings of $0.15 per share during the same quarter last year, which would indicate a positive year over year growth rate of 40%. The business is scheduled to report its next earnings results after the market closes on Thursday, May 3rd.
On average, analysts expect that Parsley Energy will report full-year earnings of $1.10 per share for the current fiscal year, with EPS estimates ranging from $0.74 to $1.49. For the next financial year, analysts expect that the business will post earnings of $1.73 per share, with EPS estimates ranging from $1.24 to $2.34. Zacks Investment Research’s earnings per share calculations are an average based on a survey of analysts that cover Parsley Energy.
Parsley Energy (NYSE:PE) last posted its quarterly earnings data on Wednesday, February 21st. The oil and natural gas company reported $0.30 EPS for the quarter, topping analysts’ consensus estimates of $0.17 by $0.13. The company had revenue of $311.49 million for the quarter, compared to analyst estimates of $298.04 million. Parsley Energy had a return on equity of 3.10% and a net margin of 11.04%. The business’s revenue was up 99.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.06 earnings per share.
A number of research firms have commented on PE. SunTrust Banks set a $38.00 price objective on Parsley Energy and gave the stock a “buy” rating in a research note on Monday. Royal Bank of Canada set a $37.00 target price on Parsley Energy and gave the stock a “buy” rating in a research report on Friday. Seaport Global Securities downgraded Parsley Energy from a “buy” rating to a “hold” rating in a research report on Tuesday, April 3rd. ValuEngine upgraded Parsley Energy from a “sell” rating to a “hold” rating in a research report on Thursday, March 29th. Finally, Stifel Nicolaus set a $57.00 target price on Parsley Energy and gave the stock a “buy” rating in a research report on Wednesday, March 28th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and twenty have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $36.88.
In other Parsley Energy news, Director Ron Brokmeyer bought 2,000 shares of the firm’s stock in a transaction on Wednesday, February 28th. The stock was purchased at an average cost of $25.66 per share, with a total value of $51,320.00. Following the completion of the purchase, the director now owns 112,128 shares in the company, valued at $2,877,204.48. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Colin Roberts sold 7,500 shares of the business’s stock in a transaction dated Monday, April 2nd. The shares were sold at an average price of $28.29, for a total value of $212,175.00. Following the completion of the transaction, the insider now directly owns 254,204 shares of the company’s stock, valued at $7,191,431.16. The disclosure for this sale can be found here. 13.17% of the stock is currently owned by insiders.
A number of large investors have recently bought and sold shares of PE. M&T Bank Corp acquired a new position in shares of Parsley Energy during the fourth quarter worth about $249,000. Caisse DE Depot ET Placement DU Quebec boosted its position in shares of Parsley Energy by 48.9% during the fourth quarter. Caisse DE Depot ET Placement DU Quebec now owns 19,800 shares of the oil and natural gas company’s stock worth $583,000 after buying an additional 6,500 shares during the period. California Public Employees Retirement System boosted its position in shares of Parsley Energy by 1.6% during the third quarter. California Public Employees Retirement System now owns 443,500 shares of the oil and natural gas company’s stock worth $11,682,000 after buying an additional 6,800 shares during the period. Cubist Systematic Strategies LLC boosted its position in Parsley Energy by 268.8% during the third quarter. Cubist Systematic Strategies LLC now owns 23,635 shares of the oil and natural gas company’s stock valued at $623,000 after purchasing an additional 17,226 shares during the last quarter. Finally, Swiss National Bank boosted its position in Parsley Energy by 0.4% during the fourth quarter. Swiss National Bank now owns 818,500 shares of the oil and natural gas company’s stock valued at $24,097,000 after purchasing an additional 2,900 shares during the last quarter. 81.99% of the stock is owned by hedge funds and other institutional investors.
Parsley Energy stock traded up $0.19 on Monday, reaching $29.50. The company’s stock had a trading volume of 1,604,457 shares, compared to its average volume of 6,035,110. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.50 and a current ratio of 1.50. The firm has a market cap of $9,284.94, a P/E ratio of 42.87, a P/E/G ratio of 1.47 and a beta of -0.50. Parsley Energy has a twelve month low of $21.12 and a twelve month high of $32.90.
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About Parsley Energy
Parsley Energy, Inc, an independent oil and natural gas company, engages in the acquisition, development, production, exploration, and sale of crude oil and natural gas properties in the Permian Basin in West Texas and Southeastern New Mexico. As of December 31, 2017, its acreage position consisted of 219,747 net acres, including 174,392 net acres in the Midland Basin and 45,355 net acres in the Delaware Basin; and 241.0 net producing horizontal wells and 731.5 net producing vertical wells, as well an estimated proved oil and natural gas reserves were 416.4 MMBoe.
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