Parsley Energy, Inc. (NYSE:PE) – US Capital Advisors issued their FY2017 EPS estimates for shares of Parsley Energy in a report released on Monday. US Capital Advisors analyst C. Horwitz forecasts that the oil and natural gas company will earn $0.55 per share for the year. US Capital Advisors currently has a “Overweight” rating on the stock. US Capital Advisors also issued estimates for Parsley Energy’s FY2018 earnings at $1.41 EPS, FY2019 earnings at $2.06 EPS, FY2020 earnings at $2.72 EPS and FY2021 earnings at $3.50 EPS.

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

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A number of other analysts have also recently commented on the company. Citigroup Inc. set a $50.00 price target on Parsley Energy and gave the stock a “buy” rating in a research report on Friday, July 21st. Williams Capital raised Parsley Energy from a “hold” rating to a “buy” rating and dropped their price target for the stock from $39.00 to $37.00 in a research report on Monday, June 12th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $46.00 price objective on shares of Parsley Energy in a research report on Sunday, September 3rd. Bank of America Corporation started coverage on Parsley Energy in a research report on Wednesday, July 19th. They issued a “buy” rating and a $37.00 price objective on the stock. Finally, Zacks Investment Research cut Parsley Energy from a “hold” rating to a “sell” rating in a research report on Saturday, July 15th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and twenty-two have assigned a buy rating to the company. Parsley Energy presently has an average rating of “Buy” and a consensus target price of $41.18.

Parsley Energy (NYSE PE) opened at 26.71 on Thursday. Parsley Energy has a 12-month low of $22.98 and a 12-month high of $39.82. The stock has a 50 day moving average price of $25.42 and a 200-day moving average price of $28.27. The company has a market cap of $6.61 billion, a price-to-earnings ratio of 149.22 and a beta of -0.05.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Advisor Group Inc. lifted its holdings in shares of Parsley Energy by 23.9% during the 2nd quarter. Advisor Group Inc. now owns 4,055 shares of the oil and natural gas company’s stock valued at $113,000 after buying an additional 781 shares during the period. Envestnet Asset Management Inc. lifted its holdings in shares of Parsley Energy by 6.8% during the 1st 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 during the period. American International Group Inc. lifted its holdings in shares of Parsley Energy by 3.8% during the 1st 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 during the period. Public Employees Retirement Association of Colorado lifted its holdings in shares of Parsley Energy by 12.6% during the 1st quarter. Public Employees Retirement Association of Colorado now owns 5,873 shares of the oil and natural gas company’s stock valued at $191,000 after buying an additional 659 shares during the period. Finally, Metropolitan Life Insurance Co. NY lifted its holdings in shares of Parsley Energy by 14.1% during the 1st quarter. Metropolitan Life Insurance Co. NY now owns 5,949 shares of the oil and natural gas company’s stock valued at $193,000 after buying an additional 735 shares during the period. 77.94% of the stock is currently 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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