Parsley Energy, Inc. (NYSE:PE) has been given a $32.00 target price by Barclays PLC in a research report issued on Wednesday. The brokerage presently has a “buy” rating on the oil and natural gas company’s stock. Barclays PLC’s price target would indicate a potential upside of 18.69% from the company’s current price.

PE has been the topic of several other reports. Stifel Nicolaus reissued a “buy” rating and set a $46.00 price target on shares of Parsley Energy in a research report on Sunday, September 3rd. 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. ValuEngine downgraded Parsley Energy from a “hold” rating to a “sell” rating in a report on Friday, September 1st. Northland Securities set a $43.00 price objective on Parsley Energy and gave the stock a “buy” rating in a report on Monday, August 21st. Finally, Wolfe Research began coverage on Parsley Energy in a report on Thursday, June 15th. They set an “outperform” rating and a $40.00 price objective on the stock. Three investment analysts have rated the stock with a sell rating, one has issued a hold rating and twenty-three have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $40.96.

Parsley Energy (NYSE PE) traded up 0.22% during mid-day trading on Wednesday, hitting $26.96. 2,678,940 shares of the company were exchanged. The stock has a market cap of $6.68 billion, a price-to-earnings ratio of 150.61 and a beta of -0.05. Parsley Energy has a 12 month low of $22.98 and a 12 month high of $39.82. The firm has a 50 day moving average price of $25.67 and a 200 day moving average price of $28.14.

Parsley Energy (NYSE:PE) last released its quarterly earnings results on Wednesday, August 2nd. The oil and natural gas company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.11 by ($0.06). The company 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 business’s revenue was up 99.9% on a year-over-year basis. During the same period last year, the firm posted $0.04 earnings per share. Analysts anticipate that Parsley Energy will post $0.48 EPS for the current fiscal year.

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A number of hedge funds have recently made changes to their positions in PE. Apollo Management Holdings L.P. acquired a new position in Parsley Energy during the 2nd quarter worth $414,418,000. BlackRock Inc. lifted its holdings in shares of Parsley Energy by 6,471.4% in the first quarter. BlackRock Inc. now owns 11,215,157 shares of the oil and natural gas company’s stock valued at $364,606,000 after buying an additional 11,044,492 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Parsley Energy by 47.3% in the first quarter. Vanguard Group Inc. now owns 18,418,741 shares of the oil and natural gas company’s stock valued at $598,793,000 after buying an additional 5,913,072 shares during the period. Victory Capital Management Inc. lifted its holdings in shares of Parsley Energy by 250.9% in the second quarter. Victory Capital Management Inc. now owns 7,264,371 shares of the oil and natural gas company’s stock valued at $201,586,000 after buying an additional 5,194,292 shares during the period. Finally, FMR LLC lifted its holdings 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 period. Institutional investors own 77.94% 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.

Analyst Recommendations for Parsley Energy (NYSE:PE)

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