Parsley Energy, Inc. (NYSE:PE) had its price target lifted by investment analysts at Imperial Capital from $36.00 to $37.00 in a report released on Thursday. The firm currently has an “outperform” rating on the oil and natural gas company’s stock. Imperial Capital’s target price would indicate a potential upside of 36.13% from the stock’s current price. Imperial Capital also issued estimates for Parsley Energy’s Q4 2017 earnings at $0.23 EPS.

Several other research analysts have also weighed in on the company. BidaskClub lowered Parsley Energy from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 8th. Northland Securities set a $43.00 price target on Parsley Energy and gave the stock a “buy” rating in a research report on Monday, August 21st. Zacks Investment Research raised Parsley Energy from a “sell” rating to a “hold” rating in a research report on Thursday. Seaport Global Securities raised Parsley Energy from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $30.00 to $32.00 in a research report on Friday, August 11th. Finally, Barclays PLC lowered their price target on Parsley Energy from $32.00 to $30.00 and set an “overweight” rating on the stock in a research report on Tuesday, August 8th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and twenty-three have issued a buy rating to the company’s stock. Parsley Energy currently has a consensus rating of “Buy” and a consensus target price of $40.77.

Shares of Parsley Energy (NYSE:PE) opened at $27.18 on Thursday. The company has a market capitalization of $8,548.48, a P/E ratio of 71.55, a price-to-earnings-growth ratio of 3.17 and a beta of -0.05. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.92 and a quick ratio of 1.43. Parsley Energy has a 12 month low of $22.98 and a 12 month high of $39.82.

Parsley Energy (NYSE:PE) last released its earnings results on Tuesday, November 7th. The oil and natural gas company reported $0.12 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.10 by $0.02. The firm had revenue of $241.02 million for the quarter, compared to analysts’ expectations of $234.58 million. Parsley Energy had a return on equity of 1.87% and a net margin of 3.22%. The business’s quarterly revenue was up 81.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.05 EPS. equities research analysts expect that Parsley Energy will post 0.46 earnings per share for the current fiscal year.

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A number of hedge funds and other institutional investors have recently modified their holdings of the business. American International Group Inc. grew its holdings in Parsley Energy by 3.8% in the 1st quarter. American International Group Inc. now owns 4,858 shares of the oil and natural gas company’s stock valued at $158,000 after buying an additional 180 shares in the last quarter. Atria Investments LLC grew its holdings in Parsley Energy by 3.2% in the 2nd quarter. Atria Investments LLC now owns 10,138 shares of the oil and natural gas company’s stock valued at $281,000 after buying an additional 315 shares in the last quarter. Dynamic Technology Lab Private Ltd grew its holdings in Parsley Energy by 6.7% in the 2nd 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 buying an additional 565 shares in the last quarter. Metropolitan Life Insurance Co. NY grew its holdings in Parsley Energy by 14.1% in the 1st quarter. Metropolitan Life Insurance Co. NY now owns 5,949 shares of the oil and natural gas company’s stock valued at $193,000 after buying an additional 735 shares in the last quarter. Finally, Kennedy Capital Management Inc. grew its holdings in Parsley Energy by 0.8% in the 2nd 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 buying an additional 738 shares in the last quarter. 77.65% of the stock is currently owned by hedge funds and other institutional investors.

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.

Analyst Recommendations for Parsley Energy (NYSE:PE)

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