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Parsley Energy (NYSE:PE)‘s stock had its “outperform” rating reiterated by investment analysts at Raymond James in a note issued to investors on Thursday. They currently have a $30.00 target price on the stock, down from their previous target price of $32.00. Raymond James’ price objective indicates a potential upside of 43.13% from the stock’s previous close.

Other equities research analysts have also recently issued reports about 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. Separately, 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 research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $28.00.

Shares of Parsley Energy (NYSE:PE) traded down 3.10% during mid-day trading on Thursday, hitting $20.31. 717,349 shares of the company’s stock traded hands. Parsley Energy has a 52-week low of $20.86 and a 52-week high of $25.70. The stock has a 50-day moving average of $22.94 and a 200-day moving average of $23.28. The company’s market cap is $2.269 billion.

Parsley Energy (NYSE:PE) last released its earnings data on Tuesday, August 12th. The company reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.05. The company had revenue of $82.30 million for the quarter, compared to the consensus estimate of $77.10 million. Analysts expect that Parsley Energy will post $0.39 EPS for the current fiscal year.

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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