Parsley Energy, Inc. (NYSE:PE) – Equities researchers at Capital One Financial Corporation reduced their Q3 2017 earnings per share estimates for Parsley Energy in a note issued to investors on Wednesday. Capital One Financial Corporation analyst P. Johnston now expects that the oil and natural gas company will earn $0.13 per share for the quarter, down from their previous forecast of $0.14. Capital One Financial Corporation also issued estimates for Parsley Energy’s Q4 2017 earnings at $0.16 EPS, FY2017 earnings at $0.49 EPS and FY2018 earnings at $1.00 EPS.

Several other research firms also recently commented on PE. BidaskClub raised shares of Parsley Energy from a “strong sell” rating to a “sell” rating in a report on Wednesday, July 5th. Bank of America Corporation started coverage on shares of Parsley Energy in a report on Wednesday, July 19th. They issued a “buy” rating and a $37.00 price objective on the stock. Scotiabank set a $38.00 price objective on shares of Parsley Energy and gave the company a “buy” rating in a report on Saturday, July 1st. Stifel Nicolaus reaffirmed a “buy” rating and issued a $39.00 price objective on shares of Parsley Energy in a report on Friday, July 14th. Finally, BMO Capital Markets set a $35.00 price objective on shares of Parsley Energy and gave the company a “buy” rating in a report on Monday, June 26th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and twenty have issued a buy rating to the company’s stock. Parsley Energy presently has a consensus rating of “Buy” and a consensus price target of $40.64.

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Shares of Parsley Energy (PE) opened at 24.77 on Friday. The stock has a market cap of $6.13 billion, a PE ratio of 138.38 and a beta of -0.07. Parsley Energy has a one year low of $23.87 and a one year high of $39.82. The company has a 50-day moving average of $26.12 and a 200 day moving average of $28.95.

Parsley Energy (NYSE:PE) last issued its earnings results on Wednesday, August 2nd. The oil and natural gas company reported $0.05 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.11 by $0.06. Parsley Energy had a return on equity of 1.70% and a net margin of 5.23%. The company had revenue of $213.68 million during the quarter, compared to analysts’ expectations of $216.54 million. During the same quarter in the prior year, the business posted $0.04 EPS. The company’s revenue for the quarter was up 99.9% compared to the same quarter last year.

A number of large investors have recently bought and sold shares of the business. Vanguard Group Inc. raised its position in shares of Parsley Energy by 3.2% in the second quarter. Vanguard Group Inc. now owns 19,016,423 shares of the oil and natural gas company’s stock valued at $527,706,000 after buying an additional 597,682 shares during the last quarter. Apollo Management Holdings L.P. acquired a new stake in shares of Parsley Energy in the second quarter valued at about $414,418,000. BlackRock Inc. raised its position in shares of Parsley Energy by 2.0% in the second quarter. BlackRock Inc. now owns 11,438,545 shares of the oil and natural gas company’s stock valued at $317,419,000 after buying an additional 223,388 shares during the last quarter. FMR LLC raised its position in shares of Parsley Energy by 40.2% in the second quarter. FMR LLC now owns 10,091,313 shares of the oil and natural gas company’s stock valued at $280,034,000 after buying an additional 2,893,045 shares during the last quarter. Finally, TIAA CREF Investment Management LLC raised its position in shares of Parsley Energy by 1.6% in the second quarter. TIAA CREF Investment Management LLC now owns 8,113,863 shares of the oil and natural gas company’s stock valued at $225,160,000 after buying an additional 124,462 shares during the last quarter. Institutional investors own 98.71% of the company’s stock.

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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