Parsley Energy Inc (NYSE:PE) – Analysts at Jefferies Group lifted their Q1 2018 earnings per share (EPS) estimates for Parsley Energy in a research report issued on Wednesday. Jefferies Group analyst M. Lear now anticipates that the oil and natural gas company will post earnings of $0.20 per share for the quarter, up from their previous estimate of $0.11. Jefferies Group currently has a “Buy” rating and a $34.00 target price on the stock. Jefferies Group also issued estimates for Parsley Energy’s Q2 2018 earnings at $0.24 EPS, Q3 2018 earnings at $0.29 EPS, Q4 2018 earnings at $0.29 EPS, FY2018 earnings at $1.01 EPS, Q1 2019 earnings at $0.34 EPS, Q2 2019 earnings at $0.37 EPS, Q3 2019 earnings at $0.42 EPS and FY2019 earnings at $1.58 EPS.

Parsley Energy (NYSE:PE) last released its quarterly earnings data on Tuesday, November 7th. The oil and natural gas company reported $0.12 EPS for the quarter, beating the consensus estimate of $0.10 by $0.02. Parsley Energy had a net margin of 3.22% and a return on equity of 1.87%. The business had revenue of $241.02 million during the quarter, compared to the consensus estimate of $234.58 million. During the same quarter in the prior year, the firm earned $0.05 EPS. The business’s revenue was up 81.8% on a year-over-year basis.

Several other research analysts have also recently issued reports on the stock. Northland Securities reissued a “buy” rating and set a $40.00 target price on shares of Parsley Energy in a report on Friday, November 10th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $36.00 price objective (down previously from $37.00) on shares of Parsley Energy in a report on Sunday, November 12th. JPMorgan Chase & Co. cut their price objective on shares of Parsley Energy from $50.00 to $44.00 and set an “overweight” rating for the company in a report on Tuesday, September 26th. Zacks Investment Research raised shares of Parsley Energy from a “sell” rating to a “hold” rating in a report on Thursday, November 9th. Finally, Imperial Capital lifted their target price on shares of Parsley Energy from $36.00 to $37.00 and gave the company an “outperform” rating in a research report on Thursday, November 9th. Two analysts have rated the stock with a sell rating, one has given a hold rating and twenty-three have given a buy rating to the stock. Parsley Energy presently has an average rating of “Buy” and a consensus target price of $38.95.

Shares of Parsley Energy (NYSE PE) traded down $0.59 during trading hours on Monday, hitting $29.86. 2,161,255 shares of the stock were exchanged, compared to its average volume of 4,742,747. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.25. Parsley Energy has a fifty-two week low of $22.98 and a fifty-two week high of $37.72. The stock has a market capitalization of $9,570.00, a price-to-earnings ratio of 426.57 and a beta of -0.05.

A number of institutional investors have recently made changes to their positions in PE. Apollo Management Holdings L.P. purchased a new position in shares of Parsley Energy in the 2nd quarter valued at about $414,418,000. Point72 Asset Management L.P. increased its holdings in Parsley Energy by 164.3% during the 3rd quarter. Point72 Asset Management L.P. now owns 5,709,178 shares of the oil and natural gas company’s stock valued at $150,380,000 after acquiring an additional 3,549,307 shares in the last quarter. FMR LLC increased its holdings in Parsley Energy by 40.2% during the 2nd quarter. FMR LLC now owns 10,091,313 shares of the oil and natural gas company’s stock valued at $280,034,000 after acquiring an additional 2,893,045 shares in the last quarter. Boston Partners increased its holdings in Parsley Energy by 19.3% during the 3rd quarter. Boston Partners now owns 15,267,555 shares of the oil and natural gas company’s stock valued at $402,148,000 after acquiring an additional 2,466,399 shares in the last quarter. Finally, Third Point LLC increased its holdings in Parsley Energy by 80.0% during the 2nd quarter. Third Point LLC now owns 4,500,000 shares of the oil and natural gas company’s stock valued at $124,875,000 after acquiring an additional 2,000,000 shares in the last quarter. Institutional investors own 80.16% of the company’s stock.

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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.

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

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