Parsley Energy, Inc. (PE) to Release Quarterly Earnings on Tuesday
Parsley Energy, Inc. (NYSE:PE) will issue its quarterly earnings data after the market closes on Tuesday, October 31st.
Parsley Energy (NYSE:PE) last issued 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 during 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 revenue for the quarter was up 99.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.04 EPS. On average, analysts expect Parsley Energy to post $0.49 EPS for the current fiscal year and $1.08 EPS for the next fiscal year.
Shares of Parsley Energy, Inc. (NYSE PE) opened at 24.33 on Tuesday. Parsley Energy, Inc. has a 1-year low of $22.98 and a 1-year high of $39.82. The stock has a 50 day moving average of $26.01 and a 200 day moving average of $27.77. The company has a market cap of $6.03 billion, a price-to-earnings ratio of 135.92 and a beta of -0.05.
A number of analysts recently commented on PE shares. BMO Capital Markets set a $35.00 price target on Parsley Energy and gave the stock a “buy” rating in a research note on Monday, June 26th. Scotiabank set a $38.00 price target on Parsley Energy and gave the stock a “buy” rating in a research note on Saturday, July 1st. BidaskClub raised Parsley Energy from a “strong sell” rating to a “sell” rating in a research note on Wednesday, July 5th. Zacks Investment Research lowered Parsley Energy from a “hold” rating to a “sell” rating in a research note on Saturday, July 15th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $39.00 price target on shares of Parsley Energy in a research note on Friday, July 14th. Three analysts have rated the stock with a sell rating and twenty-three have issued a buy rating to the company. Parsley Energy presently has an average rating of “Buy” and an average target price of $40.73.
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.
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