Parsley Energy, Inc. to Post FY2017 Earnings of $0.44 Per Share, Capital One Financial Corporation Forecasts (PE)
Parsley Energy, Inc. (NYSE:PE) – Analysts at Capital One Financial Corporation lifted their FY2017 earnings per share (EPS) estimates for Parsley Energy in a research report issued on Wednesday. Capital One Financial Corporation analyst P. Johnston now anticipates that the oil and natural gas company will post earnings of $0.44 per share for the year, up from their previous estimate of $0.40.
Parsley Energy (NYSE:PE) last released its quarterly earnings data on Tuesday, November 7th. The oil and natural gas company reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.02. The business 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 firm’s quarterly revenue was up 81.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.05 EPS. WARNING: This news story was first reported by Watch List News and is the property of of Watch List News. If you are reading this news story on another site, it was illegally copied and reposted in violation of US and international trademark & copyright laws. The correct version of this news story can be viewed at https://www.watchlistnews.com/parsley-energy-inc-to-post-fy2017-earnings-of-0-44-per-share-capital-one-financial-corporation-forecasts-pe/1699065.html.
Other equities analysts have also recently issued reports about the company. Citigroup Inc. set a $51.00 price objective on Parsley Energy and gave the company a “buy” rating in a research report on Tuesday, August 15th. Williams Capital set a $39.00 price target on Parsley Energy and gave the company a “buy” rating in a report on Thursday, August 3rd. Seaport Global Securities raised Parsley Energy from a “neutral” rating to a “buy” rating and increased their price target for the company from $30.00 to $32.00 in a report on Friday, August 11th. Bank of America Corporation initiated coverage on Parsley Energy in a report on Wednesday, July 19th. They set a “buy” rating and a $37.00 price target on the stock. Finally, Northland Securities set a $43.00 price target on Parsley Energy and gave the company a “buy” rating in a report on Monday, July 17th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and twenty-three have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $40.36.
Parsley Energy (PE) opened at $27.18 on Monday. The stock has a market capitalization of $8,545.34, a P/E ratio of 71.53, a P/E/G ratio of 3.16 and a beta of -0.05. Parsley Energy has a 12-month low of $22.98 and a 12-month high of $39.82. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.92 and a quick ratio of 1.43.
Several large investors have recently made changes to their positions in PE. Spot Trading L.L.C. bought a new position in shares of Parsley Energy in the 1st quarter valued at about $565,000. American International Group Inc. lifted its holdings in shares of 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 acquiring an additional 180 shares during the last quarter. Morgan Stanley lifted its holdings in shares of Parsley Energy by 26.2% in the 1st quarter. Morgan Stanley now owns 464,465 shares of the oil and natural gas company’s stock valued at $15,100,000 after acquiring an additional 96,407 shares during the last quarter. Metropolitan Life Insurance Co. NY lifted its holdings in shares of 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 acquiring an additional 735 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. lifted its holdings in shares of Parsley Energy by 47.3% in the 1st quarter. Nomura Asset Management Co. Ltd. now owns 24,600 shares of the oil and natural gas company’s stock valued at $800,000 after acquiring an additional 7,900 shares during the last quarter. 77.65% of the stock is owned by hedge funds and other institutional investors.
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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