Several analysts have recently updated their ratings and price targets for Parsley Energy (NYSE: PE):

  • 9/26/2017 – Parsley Energy had its price target lowered by analysts at J P Morgan Chase & Co from $50.00 to $44.00. They now have an “overweight” rating on the stock.
  • 9/24/2017 – Parsley Energy had its “buy” rating reaffirmed by analysts at Piper Jaffray Companies.
  • 9/19/2017 – Parsley Energy had its “buy” rating reaffirmed by analysts at KeyCorp. They now have a $39.00 price target on the stock.
  • 9/18/2017 – Parsley Energy had its price target lowered by analysts at Piper Jaffray Companies from $42.00 to $31.00. They now have an “overweight” rating on the stock.
  • 9/3/2017 – Parsley Energy had its “buy” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $46.00 price target on the stock.
  • 9/1/2017 – Parsley Energy was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating.
  • 8/21/2017 – Parsley Energy was given a new $43.00 price target on by analysts at Northland Securities. They now have a “buy” rating on the stock.
  • 8/15/2017 – Parsley Energy is now covered by analysts at Imperial Capital. They set an “outperform” rating and a $36.00 price target on the stock.
  • 8/15/2017 – Parsley Energy was given a new $51.00 price target on by analysts at Citigroup Inc.. They now have a “buy” rating on the stock.
  • 8/11/2017 – Parsley Energy was upgraded by analysts at Seaport Global Securities from a “neutral” rating to a “buy” rating. They now have a $32.00 price target on the stock, up previously from $30.00.
  • 8/8/2017 – Parsley Energy was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating.
  • 8/8/2017 – Parsley Energy had its price target lowered by analysts at Barclays PLC from $32.00 to $30.00. They now have an “overweight” rating on the stock.

Parsley Energy, Inc. (PE) traded down 0.34% during mid-day trading on Wednesday, reaching $26.65. The company’s stock had a trading volume of 1,018,633 shares. The stock has a market cap of $6.60 billion, a price-to-earnings ratio of 148.88 and a beta of -0.05. Parsley Energy, Inc. has a 12-month low of $22.98 and a 12-month high of $39.82. The firm’s 50 day moving average price is $25.36 and its 200 day moving average price is $28.28.

Parsley Energy (NYSE:PE) last announced its quarterly earnings results on Wednesday, August 2nd. The oil and natural gas company reported $0.05 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.11 by ($0.06). The firm had revenue of $213.68 million for the quarter, compared to analyst estimates of $216.54 million. Parsley Energy had a return on equity of 1.70% and a net margin of 5.23%. The firm’s quarterly revenue was up 99.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.04 EPS. On average, equities analysts predict that Parsley Energy, Inc. will post $0.48 earnings per share for the current year.

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.

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