Parsley Energy Inc (NYSE:PE) – Stock analysts at KeyCorp issued their Q1 2018 earnings per share estimates for shares of Parsley Energy in a research report issued on Sunday. KeyCorp analyst C. Stevens forecasts that the oil and natural gas company will post earnings per share of $0.39 for the quarter. KeyCorp also issued estimates for Parsley Energy’s Q2 2018 earnings at $0.47 EPS, Q3 2018 earnings at $0.54 EPS and Q4 2018 earnings at $0.60 EPS.

Several other research analysts also recently commented on the company. FBR & Co reissued a “buy” rating on shares of Parsley Energy in a research note on Monday, May 15th. Scotiabank set a $43.00 price objective on Parsley Energy and gave the company a “buy” rating in a research note on Saturday, May 6th. BMO Capital Markets set a $40.00 price objective on Parsley Energy and gave the company a “buy” rating in a research note on Thursday, May 4th. Barclays PLC reissued an “overweight” rating and issued a $37.00 price objective (down from $41.00) on shares of Parsley Energy in a research note on Saturday, April 22nd. Finally, Citigroup Inc reissued a “buy” rating and issued a $48.00 price objective (up from $40.00) on shares of Parsley Energy in a research note on Saturday, April 22nd. Six research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $40.41.

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

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Shares of Parsley Energy (NYSE:PE) opened at 30.98 on Wednesday. The company has a 50-day moving average of $30.94 and a 200 day moving average of $33.24. The company’s market cap is $7.64 billion. Parsley Energy has a 12 month low of $24.12 and a 12 month high of $39.82.

Parsley Energy (NYSE:PE) last announced its quarterly earnings results on Thursday, May 4th. The oil and natural gas company reported $0.15 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.06. Parsley Energy had a negative net margin of 15.86% and a positive return on equity of 0.24%. The company had revenue of $200.90 million for the quarter, compared to analysts’ expectations of $181.23 million. During the same quarter in the previous year, the business posted ($0.02) earnings per share. Parsley Energy’s quarterly revenue was up 222.5% on a year-over-year basis.

In other news, insider Ryan Dalton sold 30,000 shares of Parsley Energy stock in a transaction dated Wednesday, May 10th. The stock was sold at an average price of $32.56, for a total value of $976,800.00. Following the completion of the transaction, the insider now owns 329,957 shares in the company, valued at approximately $10,743,399.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Colin Roberts sold 3,000 shares of Parsley Energy stock in a transaction dated Monday, May 1st. The shares were sold at an average price of $29.56, for a total value of $88,680.00. Following the completion of the transaction, the insider now owns 232,726 shares of the company’s stock, valued at approximately $6,879,380.56. The disclosure for this sale can be found here. Over the last 90 days, insiders have purchased 42,985 shares of company stock valued at $1,306,262 and have sold 1,736,098 shares valued at $54,587,426. Company insiders own 24.17% of the company’s stock.

Institutional investors have recently made changes to their positions in the stock. Two Sigma Advisers LP boosted its position in shares of Parsley Energy by 144.9% in the third quarter. Two Sigma Advisers LP now owns 412,900 shares of the oil and natural gas company’s stock valued at $13,836,000 after buying an additional 244,300 shares during the last quarter. Brenham Capital Management L.P. boosted its position in shares of Parsley Energy by 29.7% in the third quarter. Brenham Capital Management L.P. now owns 2,400,000 shares of the oil and natural gas company’s stock valued at $80,424,000 after buying an additional 550,000 shares during the last quarter. Omega Advisors Inc. bought a new position in shares of Parsley Energy during the third quarter valued at about $10,696,000. Encompass Capital Advisors LLC bought a new position in shares of Parsley Energy during the third quarter valued at about $32,935,000. Finally, SECOR Capital Advisors LP boosted its position in shares of Parsley Energy by 53.2% in the third quarter. SECOR Capital Advisors LP now owns 118,467 shares of the oil and natural gas company’s stock valued at $3,970,000 after buying an additional 41,136 shares during the last quarter. Institutional investors and hedge funds own 77.92% of the company’s stock.

About Parsley Energy

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.

12 Month Chart for NYSE:PE

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