Weekly Investment Analysts’ Ratings Updates for Parsley Energy (PE)

Parsley Energy (NYSE: PE) recently received a number of ratings updates from brokerages and research firms:

  • 11/22/2017 – Parsley Energy had its “buy” rating reaffirmed by analysts at Scotiabank. They now have a $38.00 price target on the stock.
  • 11/20/2017 – Parsley Energy had its price target raised by analysts at Barclays PLC from $32.00 to $35.00. They now have an “overweight” rating on the stock.
  • 11/15/2017 – Parsley Energy had its price target lowered by analysts at J P Morgan Chase & Co from $44.00 to $38.00. They now have an “overweight” rating on the stock.
  • 11/14/2017 – Parsley Energy was given a new $35.00 price target on by analysts at BMO Capital Markets. They now have a “buy” rating on the stock.
  • 11/12/2017 – Parsley Energy had its “outperform” rating reaffirmed by analysts at Royal Bank Of Canada. They now have a $36.00 price target on the stock, down previously from $37.00.
  • 11/10/2017 – Parsley Energy had its “buy” rating reaffirmed by analysts at Northland Securities. They now have a $40.00 price target on the stock.
  • 11/9/2017 – Parsley Energy had its price target raised by analysts at Imperial Capital from $36.00 to $37.00. They now have an “outperform” rating on the stock.
  • 11/9/2017 – Parsley Energy was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Parsley Energy, Inc. is an independent oil and natural gas company. It is focused on the acquisition, development, and exploitation of unconventional oil and natural gas reserves in the Permian Basin. Parsley Energy, Inc. is headquartered in Midland, Texas. “
  • 10/23/2017 – Parsley Energy was given a new $34.00 price target on by analysts at Piper Jaffray Companies. They now have a “buy” rating on the stock.
  • 10/20/2017 – Parsley Energy was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Parsley Energy, Inc. is an independent oil and natural gas company. It is focused on the acquisition, development, and exploitation of unconventional oil and natural gas reserves in the Permian Basin. Parsley Energy, Inc. is headquartered in Midland, Texas. “
  • 10/18/2017 – Parsley Energy had its price target lowered by analysts at Williams Capital from $36.00 to $33.00. They now have a “buy” rating on the stock.
  • 10/13/2017 – Parsley Energy had its price target lowered by analysts at Citigroup Inc. from $51.00 to $49.00. They now have a “buy” rating on the stock.
  • 10/11/2017 – Parsley Energy was given a new $32.00 price target on by analysts at Barclays PLC. They now have a “buy” rating on the stock.
  • 10/11/2017 – Parsley Energy was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Parsley Energy, Inc. is an independent oil and natural gas company. It is focused on the acquisition, development, and exploitation of unconventional oil and natural gas reserves in the Permian Basin. Parsley Energy, Inc. is headquartered in Midland, Texas. “
  • 10/10/2017 – Parsley Energy was given a new $35.00 price target on by analysts at BMO Capital Markets. They now have a “buy” rating on the stock.
  • 10/9/2017 – Parsley Energy is now covered by analysts at Jefferies Group LLC. They set a “buy” rating and a $34.00 price target on the stock.
  • 10/5/2017 – Parsley Energy was given a new $46.00 price target on by analysts at Stifel Nicolaus. They now have a “buy” rating on the stock.
  • 10/2/2017 – Parsley Energy had its “overweight” rating reaffirmed by analysts at US Capital Advisors.

Parsley Energy, Inc. (NYSE:PE) opened at $26.86 on Friday. Parsley Energy, Inc. has a 12 month low of $22.98 and a 12 month high of $39.82. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.25. The company has a market capitalization of $8,271.52, a PE ratio of 69.24 and a beta of -0.05.

Parsley Energy (NYSE:PE) last issued its earnings results on Tuesday, November 7th. The oil and natural gas company reported $0.12 EPS for the quarter, topping the consensus estimate of $0.10 by $0.02. The business had revenue of $241.02 million during the quarter, compared to the consensus estimate of $234.58 million. Parsley Energy had a return on equity of 1.87% and a net margin of 3.22%. The firm’s revenue was up 81.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.05 EPS. equities analysts expect that Parsley Energy, Inc. will post 0.48 earnings per share for the current year.

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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