Parsley Energy (PE) Announces Quarterly Earnings, Beats Estimates By $0.05 EPS
Parsley Energy (NYSE:PE) released its earnings data on Tuesday. The company reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.05, Analyst Ratings.Net reports. The company had revenue of $82.30 million for the quarter, compared to the consensus estimate of $77.10 million.
Parsley Energy (NYSE:PE) traded down 1.13% on Tuesday, hitting $21.97. The stock had a trading volume of 704,311 shares. Parsley Energy has a 52-week low of $21.06 and a 52-week high of $25.70. The stock’s 50-day moving average is $23.00 and its 200-day moving average is $23.34. The company’s market cap is $2.454 billion.
Several analysts have recently commented on the stock. Analysts at Tudor Pickering initiated coverage on shares of Parsley Energy in a research note on Monday, July 21st. They set an “accumulate” rating on the stock. On the ratings front, analysts at RBC Capital initiated coverage on shares of Parsley Energy in a research note on Thursday, July 3rd. They set a “sector perform” rating and a $27.00 price target on the stock. Finally, analysts at Simmons initiated coverage on shares of Parsley Energy in a research note on Monday, June 30th. They set an “overweight” rating on the stock. Six equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Parsley Energy currently has a consensus rating of “Buy” and a consensus 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.
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