Parsley Energy Inc (NYSE:PE) – Investment analysts at Capital One Financial lifted their FY2017 earnings estimates for shares of Parsley Energy in a research note issued on Wednesday. Capital One Financial analyst P. Johnston now forecasts that the oil and natural gas company will earn $0.48 per share for the year, up from their previous estimate of $0.44. Capital One Financial also issued estimates for Parsley Energy’s Q4 2017 earnings at $0.16 EPS, Q1 2018 earnings at $0.26 EPS, Q2 2018 earnings at $0.30 EPS, Q3 2018 earnings at $0.35 EPS and Q4 2018 earnings at $0.40 EPS.

Several other brokerages have also recently issued reports on PE. Barclays set a $32.00 price objective on Parsley Energy and gave the stock a “buy” rating in a research note on Wednesday, October 11th. Zacks Investment Research upgraded Parsley Energy from a “sell” rating to a “hold” rating in a research note on Thursday, November 9th. Citigroup reduced their price objective on Parsley Energy from $51.00 to $49.00 and set a “buy” rating on the stock in a research note on Friday, October 13th. JPMorgan Chase & Co. reduced their price objective on Parsley Energy from $44.00 to $38.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 15th. Finally, Northland Securities set a $36.00 price objective on Parsley Energy and gave the stock a “buy” rating in a research note on Monday, December 11th. Two analysts have rated the stock with a sell rating, one has given a hold rating and twenty-three have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $39.27.

Parsley Energy (NYSE PE) opened at $29.11 on Friday. Parsley Energy has a one year low of $22.98 and a one year high of $37.72. The stock has a market capitalization of $9,160.00, a price-to-earnings ratio of 415.86 and a beta of -0.05. 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 (NYSE:PE) last announced its quarterly earnings data on Tuesday, November 7th. The oil and natural gas company reported $0.12 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.10 by $0.02. Parsley Energy had a return on equity of 1.87% and a net margin of 3.22%. The firm had revenue of $241.02 million for the quarter, compared to analysts’ expectations of $234.58 million. During the same period last year, the business posted $0.05 earnings per share. The firm’s revenue for the quarter was up 81.8% on a year-over-year basis.

Hedge funds have recently bought and sold shares of the business. Dynamic Technology Lab Private Ltd increased its holdings in shares of Parsley Energy by 6.7% during the second quarter. Dynamic Technology Lab Private Ltd now owns 9,056 shares of the oil and natural gas company’s stock valued at $251,000 after purchasing an additional 565 shares during the period. Kennedy Capital Management Inc. increased its holdings in shares of Parsley Energy by 0.8% during the second quarter. Kennedy Capital Management Inc. now owns 96,169 shares of the oil and natural gas company’s stock valued at $2,669,000 after purchasing an additional 738 shares during the period. ProShare Advisors LLC increased its holdings in shares of Parsley Energy by 3.9% during the second quarter. ProShare Advisors LLC now owns 20,637 shares of the oil and natural gas company’s stock valued at $573,000 after purchasing an additional 768 shares during the period. Advisor Group Inc. increased its holdings in shares of Parsley Energy by 23.9% during the second quarter. Advisor Group Inc. now owns 4,055 shares of the oil and natural gas company’s stock valued at $113,000 after purchasing an additional 781 shares during the period. Finally, The Manufacturers Life Insurance Company increased its holdings in shares of Parsley Energy by 13.0% during the second quarter. The Manufacturers Life Insurance Company now owns 8,206 shares of the oil and natural gas company’s stock valued at $228,000 after purchasing an additional 945 shares during the period. Institutional investors own 80.16% of the company’s stock.

COPYRIGHT VIOLATION WARNING: “FY2017 EPS Estimates for Parsley Energy Inc Raised by Analyst (PE)” was originally reported by Watch List News and is the sole property of of Watch List News. If you are accessing this piece on another publication, it was copied illegally and republished in violation of U.S. & international trademark & copyright legislation. The original version of this piece can be read at https://www.watchlistnews.com/fy2017-eps-estimates-for-parsley-energy-inc-raised-by-analyst-pe/1805169.html.

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.

Earnings History and Estimates for Parsley Energy (NYSE:PE)

Receive News & Ratings for Parsley Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Parsley Energy and related companies with Analyst Ratings Network's FREE daily email newsletter.