Parsley Energy, Inc. (PE) Forecasted to Post Q4 2017 Earnings of $0.21 Per Share
Parsley Energy, Inc. (NYSE:PE) – Analysts at US Capital Advisors decreased their Q4 2017 earnings per share (EPS) estimates for shares of Parsley Energy in a report issued on Monday. US Capital Advisors analyst C. Horwitz now anticipates that the oil and natural gas company will earn $0.21 per share for the quarter, down from their previous estimate of $0.24. US Capital Advisors currently has a “Overweight” rating on the stock. US Capital Advisors also issued estimates for Parsley Energy’s Q1 2019 earnings at $0.57 EPS and FY2019 earnings at $2.45 EPS.
PE has been the topic of a number of other research reports. Stifel Nicolaus restated a “buy” rating and issued a $46.00 price target on shares of Parsley Energy in a research note on Sunday, September 3rd. ValuEngine lowered Parsley Energy from a “hold” rating to a “sell” rating in a research note on Friday, September 1st. Northland Securities set a $43.00 price target on Parsley Energy and gave the company a “buy” rating in a research note on Monday, August 21st. Barclays PLC set a $32.00 price target on Parsley Energy and gave the company a “buy” rating in a research note on Wednesday, October 11th. Finally, Imperial Capital lifted their price target on Parsley Energy from $36.00 to $37.00 and gave the company an “outperform” rating in a research note on Thursday, November 9th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and twenty-three have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $40.23.
Shares of Parsley Energy (PE) opened at $26.97 on Thursday. Parsley Energy has a 52 week low of $22.98 and a 52 week high of $39.82. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.92 and a current ratio of 0.92. The stock has a market capitalization of $8,343.83, a P/E ratio of 69.84 and a beta of -0.05.
Parsley Energy (NYSE:PE) last posted its earnings results on Tuesday, November 7th. The oil and natural gas company reported $0.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.10 by $0.02. Parsley Energy had a return on equity of 1.87% and a net margin of 3.22%. The business had revenue of $241.02 million during the quarter, compared to analysts’ expectations of $234.58 million. During the same period in the prior year, the business earned $0.05 EPS. Parsley Energy’s revenue for the quarter was up 81.8% compared to the same quarter last year.
Institutional investors have recently bought and sold shares of the stock. Public Employees Retirement System of Ohio raised its stake in shares of Parsley Energy by 13.9% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 267,996 shares of the oil and natural gas company’s stock valued at $7,059,000 after purchasing an additional 32,731 shares during the period. Tortoise Capital Advisors L.L.C. increased its holdings in shares of Parsley Energy by 10.7% during the 3rd quarter. Tortoise Capital Advisors L.L.C. now owns 323,336 shares of the oil and natural gas company’s stock worth $8,517,000 after buying an additional 31,205 shares during the last quarter. IFM Investors Pty Ltd acquired a new stake in shares of Parsley Energy during the 3rd quarter worth approximately $209,000. California Public Employees Retirement System increased its holdings in shares of Parsley Energy by 1.6% during the 3rd 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 last quarter. Finally, Ladenburg Thalmann Financial Services Inc. increased its holdings in shares of Parsley Energy by 14.7% during the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 25,409 shares of the oil and natural gas company’s stock worth $670,000 after buying an additional 3,254 shares during the last quarter. 78.70% of the stock is currently owned by institutional investors.
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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.
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