Parsley Energy, Inc. (NYSE:PE) – Equities research analysts at FBR & Co increased their Q2 2017 EPS estimates for Parsley Energy in a research report issued on Monday. FBR & Co analyst J. Allman now expects that the oil and natural gas company will earn $0.16 per share for the quarter, up from their prior estimate of $0.14. FBR & Co currently has a “Buy” rating and a $42.00 target price on the stock. FBR & Co also issued estimates for Parsley Energy’s Q3 2017 earnings at $0.17 EPS, Q4 2017 earnings at $0.22 EPS and FY2019 earnings at $1.05 EPS.

Parsley Energy (NYSE:PE) last posted its earnings results on Thursday, May 4th. The oil and natural gas company reported $0.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.09 by $0.06. The company had revenue of $200.90 million during the quarter, compared to analysts’ expectations of $181.23 million. Parsley Energy had a negative net margin of 4.26% and a positive return on equity of 2.04%. Parsley Energy’s quarterly revenue was up 222.5% compared to the same quarter last year. During the same quarter last year, the company posted ($0.02) EPS.

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A number of other equities analysts have also commented on PE. Citigroup Inc. restated a “buy” rating and issued a $48.00 price target (up from $40.00) on shares of Parsley Energy in a research report on Saturday, April 22nd. Barclays PLC restated an “overweight” rating and issued a $37.00 price target (down from $41.00) on shares of Parsley Energy in a research report on Saturday, April 22nd. BMO Capital Markets set a $40.00 price target on shares of Parsley Energy and gave the company a “buy” rating in a research report on Thursday, May 4th. UBS AG restated a “buy” rating and issued a $44.00 price target (up from $42.00) on shares of Parsley Energy in a research report on Friday, May 5th. Finally, Scotiabank set a $43.00 price target on shares of Parsley Energy and gave the company a “buy” rating in a research report on Saturday, May 6th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and twenty-three have assigned a buy rating to the company. Parsley Energy has a consensus rating of “Buy” and a consensus target price of $40.37.

Shares of Parsley Energy (NYSE PE) opened at 29.52 on Wednesday. Parsley Energy has a 1-year low of $25.17 and a 1-year high of $39.82. The stock’s 50 day moving average is $27.65 and its 200-day moving average is $30.95. The firm’s market cap is $7.28 billion.

In other Parsley Energy news, insider Bryan Sheffield sold 1,687,500 shares of the company’s stock in a transaction that occurred on Thursday, May 11th. The shares were sold at an average price of $31.42, for a total value of $53,021,250.00. Following the completion of the sale, the insider now owns 12,059,224 shares of the company’s stock, valued at $378,900,818.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Colin Roberts sold 3,000 shares of the company’s stock in a transaction that occurred on Monday, May 1st. The shares were sold at an average price of $29.56, for a total transaction of $88,680.00. Following the completion of the sale, the insider now directly 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. Insiders sold 1,723,900 shares of company stock valued at $54,188,730 in the last ninety days. Insiders own 15.51% of the company’s stock.

A number of large investors have recently modified their holdings of PE. BlueCrest Capital Management Ltd increased its stake in shares of Parsley Energy by 1.5% in the first quarter. BlueCrest Capital Management Ltd now owns 10,000 shares of the oil and natural gas company’s stock valued at $325,000 after buying an additional 143 shares during the last quarter. American International Group Inc. increased its stake in shares of Parsley Energy by 3.8% in the first quarter. American International Group Inc. now owns 4,858 shares of the oil and natural gas company’s stock valued at $158,000 after buying an additional 180 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. increased its stake in shares of Parsley Energy by 9.0% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,043 shares of the oil and natural gas company’s stock valued at $107,000 after buying an additional 251 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in shares of Parsley Energy by 6.8% in the first quarter. Envestnet Asset Management Inc. now owns 4,716 shares of the oil and natural gas company’s stock valued at $153,000 after buying an additional 300 shares in the last quarter. Finally, Atria Investments LLC increased its stake in shares of Parsley Energy by 3.2% in the second quarter. Atria Investments LLC now owns 10,138 shares of the oil and natural gas company’s stock valued at $281,000 after buying an additional 315 shares in the last quarter. 91.60% of the stock is owned by hedge funds and other institutional investors.

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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