Parsley Energy, Inc. (NYSE:PE) – Stock analysts at Seaport Global Securities lifted their Q1 2018 earnings per share (EPS) estimates for shares of Parsley Energy in a report issued on Tuesday. Seaport Global Securities analyst M. Kelly now forecasts that the oil and natural gas company will earn $0.15 per share for the quarter, up from their prior forecast of $0.13. Seaport Global Securities has a “Buy” rating and a $32.00 price objective on the stock. Seaport Global Securities also issued estimates for Parsley Energy’s Q2 2018 earnings at $0.17 EPS, Q3 2018 earnings at $0.28 EPS, Q4 2018 earnings at $0.31 EPS and FY2018 earnings at $0.91 EPS.

Parsley Energy (NYSE:PE) last issued its quarterly earnings results on Wednesday, August 2nd. The oil and natural gas company reported $0.05 EPS for the quarter, missing the Zacks’ consensus estimate of $0.11 by ($0.06). The business had revenue of $213.68 million for the quarter, compared to analysts’ expectations of $216.54 million. Parsley Energy had a net margin of 5.23% and a return on equity of 1.70%. The business’s revenue was up 99.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.04 earnings per share. TRADEMARK VIOLATION WARNING: This story was first posted by American Banking News and is the sole property of of American Banking News. If you are reading this story on another site, it was stolen and reposted in violation of United States and international trademark & copyright law. The original version of this story can be viewed at https://www.americanbankingnews.com/2017/10/11/parsley-energy-inc-expected-to-earn-q1-2018-earnings-of-0-15-per-share-pe.html.

A number of other brokerages have also weighed in on PE. BidaskClub lowered shares of Parsley Energy from a “sell” rating to a “strong sell” rating in a report on Thursday, July 27th. Zacks Investment Research upgraded shares of Parsley Energy from a “sell” rating to a “hold” rating in a report on Thursday, July 27th. Northland Securities set a $43.00 price objective on shares of Parsley Energy and gave the stock a “buy” rating in a report on Monday, July 17th. Stifel Nicolaus restated a “buy” rating and issued a $39.00 price objective on shares of Parsley Energy in a report on Friday, July 14th. Finally, Bank of America Corporation assumed coverage on shares of Parsley Energy in a research note on Wednesday, July 19th. They set a “buy” rating and a $37.00 target price for the company. Three analysts have rated the stock with a sell rating, one has assigned a hold rating and twenty-three have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $40.87.

Shares of Parsley Energy (NYSE PE) traded down 0.93% during mid-day trading on Wednesday, hitting $26.65. The company had a trading volume of 100,932 shares. The firm has a market capitalization of $6.60 billion, a PE ratio of 148.88 and a beta of -0.05. The firm has a 50-day moving average price of $25.67 and a 200-day moving average price of $28.14. Parsley Energy has a 52 week low of $22.98 and a 52 week high of $39.82.

Several large investors have recently bought and sold shares of the company. BlueCrest Capital Management Ltd increased its stake in shares of Parsley Energy by 1.5% in the 1st quarter. BlueCrest Capital Management Ltd now owns 10,000 shares of the oil and natural gas company’s stock worth $325,000 after purchasing an additional 143 shares in the last quarter. American International Group Inc. increased its stake in shares of Parsley Energy by 3.8% in the 1st quarter. American International Group Inc. now owns 4,858 shares of the oil and natural gas company’s stock worth $158,000 after purchasing an additional 180 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in shares of Parsley Energy by 6.8% in the 1st quarter. Envestnet Asset Management Inc. now owns 4,716 shares of the oil and natural gas company’s stock worth $153,000 after purchasing an additional 300 shares in the last quarter. Atria Investments LLC increased its stake in shares of Parsley Energy by 3.2% in the 2nd quarter. Atria Investments LLC now owns 10,138 shares of the oil and natural gas company’s stock worth $281,000 after purchasing an additional 315 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd increased its stake in shares of Parsley Energy by 6.7% in the 2nd quarter. Dynamic Technology Lab Private Ltd now owns 9,056 shares of the oil and natural gas company’s stock worth $251,000 after purchasing an additional 565 shares in the last quarter. Hedge funds and other institutional investors own 77.94% of the company’s stock.

About Parsley Energy

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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