Equities analysts expect Parsley Energy Inc (NYSE:PE) to post earnings per share of $0.38 for the current fiscal quarter, according to Zacks. Eleven analysts have provided estimates for Parsley Energy’s earnings, with estimates ranging from $0.25 to $0.84. Parsley Energy posted earnings of $0.45 per share during the same quarter last year, which would suggest a negative year over year growth rate of 15.6%. The company is scheduled to report its next quarterly earnings results on Thursday, November 7th.
On average, analysts expect that Parsley Energy will report full year earnings of $1.41 per share for the current year, with EPS estimates ranging from $1.03 to $2.56. For the next financial year, analysts expect that the company will post earnings of $1.95 per share, with EPS estimates ranging from $1.06 to $5.61. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of analysts that follow Parsley Energy.
Parsley Energy (NYSE:PE) last announced its quarterly earnings data on Tuesday, August 6th. The oil and natural gas company reported $0.32 EPS for the quarter, topping the Zacks’ consensus estimate of $0.31 by $0.01. Parsley Energy had a return on equity of 5.72% and a net margin of 13.69%. The firm had revenue of $198.50 million for the quarter, compared to the consensus estimate of $467.53 million. During the same quarter last year, the business posted $0.39 earnings per share. The firm’s revenue was down 57.6% compared to the same quarter last year.
PE has been the topic of a number of analyst reports. TD Securities lifted their price objective on Parsley Energy from $25.00 to $26.00 and gave the stock a “buy” rating in a research report on Wednesday, August 7th. Williams Capital reiterated a “hold” rating and set a $26.00 price objective on shares of Parsley Energy in a research report on Thursday, May 2nd. Robert W. Baird set a $22.00 price objective on Parsley Energy and gave the stock a “buy” rating in a research report on Thursday, June 27th. Cowen set a $24.00 price objective on Parsley Energy and gave the stock a “buy” rating in a research report on Wednesday. Finally, Zacks Investment Research downgraded Parsley Energy from a “buy” rating to a “hold” rating in a research report on Thursday, May 16th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, twenty-two have given a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $29.07.
Parsley Energy stock traded down $0.70 during trading on Monday, reaching $16.09. 4,837,886 shares of the company were exchanged, compared to its average volume of 5,780,744. Parsley Energy has a 52-week low of $13.72 and a 52-week high of $31.05. The company has a market capitalization of $5.29 billion, a P/E ratio of 11.41, a PEG ratio of 0.33 and a beta of 0.50. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.50 and a quick ratio of 0.50. The stock’s 50 day simple moving average is $16.56 and its two-hundred day simple moving average is $18.28.
In other Parsley Energy news, Director Jerry Windlinger bought 1,985 shares of Parsley Energy stock in a transaction on Wednesday, June 5th. The shares were bought at an average price of $17.50 per share, for a total transaction of $34,737.50. Following the completion of the transaction, the director now directly owns 33,382 shares of the company’s stock, valued at $584,185. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. 12.14% of the stock is owned by insiders.
A number of large investors have recently bought and sold shares of PE. Nuveen Asset Management LLC raised its holdings in shares of Parsley Energy by 1,349.5% in the 2nd quarter. Nuveen Asset Management LLC now owns 19,366,848 shares of the oil and natural gas company’s stock valued at $368,163,000 after buying an additional 18,030,770 shares during the period. York Capital Management Global Advisors LLC purchased a new stake in shares of Parsley Energy in the 2nd quarter valued at $45,043,000. Invesco Ltd. raised its holdings in shares of Parsley Energy by 28.8% in the 2nd quarter. Invesco Ltd. now owns 7,101,220 shares of the oil and natural gas company’s stock valued at $134,995,000 after buying an additional 1,587,326 shares during the period. Nan Shan Life Insurance Co. Ltd. purchased a new stake in shares of Parsley Energy in the 2nd quarter valued at $29,599,000. Finally, Victory Capital Management Inc. raised its holdings in shares of Parsley Energy by 22.2% in the 2nd quarter. Victory Capital Management Inc. now owns 8,321,521 shares of the oil and natural gas company’s stock valued at $158,192,000 after buying an additional 1,511,168 shares during the period. Institutional investors own 83.27% of the company’s stock.
Parsley Energy Company Profile
Parsley Energy, Inc, an independent oil and natural gas company, engages in the acquisition, development, exploration, production, and sale of crude oil and natural gas properties in the Permian Basin in west Texas and Southeastern New Mexico. As of December 31, 2018, its acreage position consisted of 198,946 net acres, including 154,107 net acres in the Midland Basin and 44,839 net acres in the Delaware Basin; and operated 425.3 net acres of the horizontal wells and 735.7 net acres of the vertical wells, as well an estimated proved oil, natural gas, and natural gas liquid reserves of 521.7 MMBoe.
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