Share on StockTwits

Analysts at RBC Capital initiated coverage on shares of Parsley Energy (NYSE:PE) in a research report issued to clients and investors on Thursday. The firm set a “sector perform” rating and a $27.00 price target on the stock. RBC Capital’s target price indicates a potential upside of 16.78% from the company’s current price.

Shares of Parsley Energy (NYSE:PE) opened at 23.12 on Thursday. Parsley Energy has a 1-year low of $21.19 and a 1-year high of $25.70. The stock has a 50-day moving average of $23.79 and a 200-day moving average of $23.79. The company’s market cap is $2.583 billion.

PE has been the subject of a number of other recent research reports. Analysts at Simmons initiated coverage on shares of Parsley Energy in a research note on Monday. They set an “overweight” rating on the stock. Separately, analysts at Howard Weil initiated coverage on shares of Parsley Energy in a research note on Tuesday, June 24th. They set an “outperform” rating and a $30.00 price target on the stock. Finally, analysts at Stephens initiated coverage on shares of Parsley Energy in a research note on Tuesday, June 17th. They set an “overweight” rating on the stock. Five analysts have rated the stock with a hold rating and six have given a buy rating to the company. Parsley Energy has a consensus rating of “Buy” and an average target price of $28.14.

Parsley Energy, Inc is an independent oil and natural gas company. The Company is focused on the acquisition, development and exploitation of unconventional oil and natural gas reserves in the Permian Basin.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.