Wall Street analysts expect Parsley Energy, Inc. (NYSE:PE) to post earnings of $0.18 per share for the current fiscal quarter, Zacks reports. Nine analysts have provided estimates for Parsley Energy’s earnings. The highest EPS estimate is $0.26 and the lowest is $0.10. Parsley Energy posted earnings per share of $0.06 in the same quarter last year, which would indicate a positive year-over-year growth rate of 200%. The company is scheduled to announce its next quarterly earnings results on Thursday, February 22nd.

On average, analysts expect that Parsley Energy will report full year earnings of $0.48 per share for the current year, with EPS estimates ranging from $0.39 to $0.56. For the next fiscal year, analysts anticipate that the business will report earnings of $1.06 per share, with EPS estimates ranging from $0.64 to $1.76. Zacks’ EPS calculations are an average based on a survey of sell-side analysts that cover Parsley Energy.

Parsley Energy (NYSE:PE) last posted its earnings results on Tuesday, November 7th. The oil and natural gas company reported $0.12 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.10 by $0.02. The firm had revenue of $241.02 million during the quarter, compared to analysts’ expectations of $234.58 million. Parsley Energy had a net margin of 3.22% and a return on equity of 1.87%. The company’s revenue was up 81.8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.05 earnings per share.

Several research analysts have recently weighed in on PE shares. Stifel Nicolaus reissued a “buy” rating and issued a $46.00 target price on shares of Parsley Energy in a research report on Sunday, September 3rd. ValuEngine cut shares of Parsley Energy from a “hold” rating to a “sell” rating in a report on Friday, September 1st. Northland Securities set a $43.00 price target on shares of Parsley Energy and gave the stock a “buy” rating in a report on Monday, August 21st. Barclays set a $32.00 price target on shares of Parsley Energy and gave the stock a “buy” rating in a report on Wednesday, October 11th. Finally, Imperial Capital lifted their target price on shares of Parsley Energy from $36.00 to $37.00 and gave the company an “outperform” rating in a research note on Thursday, November 9th. Two research 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 stock. The stock presently has a consensus rating of “Buy” and an average price target of $40.23.

A number of institutional investors have recently made changes to their positions in the stock. Advisor Group Inc. grew its holdings in shares of Parsley Energy by 23.9% in the second quarter. Advisor Group Inc. now owns 4,055 shares of the oil and natural gas company’s stock worth $113,000 after acquiring an additional 781 shares during the period. American International Group Inc. lifted its position in Parsley Energy by 3.8% during the first 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 in the last quarter. Daiwa Securities Group Inc. lifted its position in Parsley Energy by 15.8% during the second 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 in the last quarter. Metropolitan Life Insurance Co. NY lifted its position in Parsley Energy by 14.1% during the first 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 in the last quarter. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA purchased a new position in Parsley Energy during the third quarter valued at $196,000. Institutional investors and hedge funds own 80.15% of the company’s stock.

Parsley Energy (PE) traded up $0.69 during midday trading on Friday, reaching $27.55. 3,163,649 shares of the company’s stock were exchanged, compared to its average volume of 4,845,134. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.92 and a quick ratio of 0.92. The firm has a market capitalization of $8,271.52, a PE ratio of 69.24 and a beta of -0.05. Parsley Energy has a 1 year low of $22.98 and a 1 year high of $39.82.

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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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Earnings History and Estimates for Parsley Energy (NYSE:PE)

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