Parsley Energy, Inc. (NYSE:PE) – Stock analysts at US Capital Advisors cut their Q3 2017 earnings per share estimates for Parsley Energy in a research report issued to clients and investors on Tuesday. US Capital Advisors analyst C. Horwitz now anticipates that the oil and natural gas company will post earnings per share of $0.10 for the quarter, down from their previous estimate of $0.15. US Capital Advisors currently has a “Overweight” rating on the stock. US Capital Advisors also issued estimates for Parsley Energy’s Q4 2017 earnings at $0.24 EPS, FY2017 earnings at $0.54 EPS, Q1 2018 earnings at $0.34 EPS, Q2 2018 earnings at $0.37 EPS, Q3 2018 earnings at $0.40 EPS, Q4 2018 earnings at $0.42 EPS and FY2018 earnings at $1.54 EPS.

Several other research analysts have also commented on PE. Piper Jaffray Companies set a $34.00 price target on shares of Parsley Energy and gave the stock a “buy” rating in a research note on Monday. BidaskClub lowered shares of Parsley Energy from a “sell” rating to a “strong sell” rating in a research note on Tuesday, August 8th. Northland Securities set a $43.00 price target on shares of Parsley Energy and gave the stock a “buy” rating in a research note on Monday, August 21st. Barclays PLC dropped their price target on shares of Parsley Energy from $32.00 to $30.00 and set an “overweight” rating on the stock in a research note on Tuesday, August 8th. Finally, Seaport Global Securities upgraded shares of Parsley Energy from a “neutral” rating to a “buy” rating and increased their price target for the stock from $30.00 to $32.00 in a research note on Friday, August 11th. Three analysts have rated the stock with a sell 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 $40.86.

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Parsley Energy (NYSE:PE) opened at 24.05 on Wednesday. Parsley Energy has a one year low of $22.98 and a one year high of $39.82. The firm has a market cap of $5.96 billion, a price-to-earnings ratio of 134.36 and a beta of -0.05. The firm has a 50 day moving average of $25.96 and a 200-day moving average of $27.72.

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 for the quarter, missing the Zacks’ consensus estimate of $0.11 by ($0.06). The company had revenue of $213.68 million during the quarter, compared to analyst estimates of $216.54 million. Parsley Energy had a net margin of 5.23% and a return on equity of 1.70%. The firm’s revenue for the quarter was up 99.9% compared to the same quarter last year. During the same quarter last year, the business earned $0.04 EPS.

Institutional investors have recently modified their holdings of the business. Advisor Group Inc. boosted its holdings in Parsley Energy by 23.9% in 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 purchasing an additional 781 shares during the period. Envestnet Asset Management Inc. boosted its holdings in 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 valued at $153,000 after purchasing an additional 300 shares during the period. American International Group Inc. boosted its holdings in 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 valued at $158,000 after purchasing an additional 180 shares during the period. Daiwa Securities Group Inc. boosted its holdings in Parsley Energy by 15.8% in the 2nd quarter. Daiwa Securities Group Inc. now owns 6,600 shares of the oil and natural gas company’s stock valued at $183,000 after purchasing an additional 900 shares during the period. Finally, Metropolitan Life Insurance Co. NY boosted its holdings in Parsley Energy by 14.1% in 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 purchasing an additional 735 shares during the period. 77.82% of the stock is 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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