Wall Street analysts expect Parsley Energy, Inc. (NYSE:PE) to report earnings per share (EPS) of $0.18 for the current fiscal quarter, according to Zacks Investment Research. Nine analysts have issued estimates for Parsley Energy’s earnings, with estimates ranging from $0.10 to $0.26. 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 report its next 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 financial year, analysts forecast that the firm will report earnings of $1.06 per share, with EPS estimates ranging from $0.64 to $1.76. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for Parsley Energy.

Parsley Energy (NYSE:PE) last posted its quarterly earnings data on Tuesday, November 7th. The oil and natural gas company reported $0.12 EPS for the quarter, topping the Thomson Reuters’ 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 net margin of 3.22% and a return on equity of 1.87%. The business’s revenue for the quarter was up 81.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.05 earnings per share.

Several equities analysts have recently commented on PE shares. Scotiabank restated a “buy” rating and issued a $38.00 price objective on shares of Parsley Energy in a report on Wednesday, November 22nd. Barclays upped their price objective on shares of Parsley Energy from $32.00 to $35.00 and gave the stock an “overweight” rating in a report on Monday, November 20th. J P Morgan Chase & Co decreased their price objective on shares of Parsley Energy from $44.00 to $38.00 and set an “overweight” rating on the stock in a report on Wednesday, November 15th. BMO Capital Markets set a $35.00 price objective on shares of Parsley Energy and gave the stock a “buy” rating in a report on Tuesday, November 14th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and set a $36.00 target price (down from $37.00) on shares of Parsley Energy in a research note on Sunday, November 12th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and twenty-three have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $40.23.

Parsley Energy (PE) traded up $0.69 during midday trading on Friday, reaching $27.55. 3,163,649 shares of the company were exchanged, compared to its average volume of 4,845,134. The firm has a market capitalization of $8,271.52, a P/E ratio of 69.24 and a beta of -0.05. Parsley Energy has a 52 week low of $22.98 and a 52 week 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.

A number of large investors have recently modified their holdings of PE. Spot Trading L.L.C. acquired a new stake in shares of Parsley Energy in the first quarter worth approximately $565,000. 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 buying an additional 180 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 buying an additional 735 shares in the last quarter. Nisa Investment Advisors LLC lifted its position in Parsley Energy by 2,252.9% during the second quarter. Nisa Investment Advisors LLC now owns 12,000 shares of the oil and natural gas company’s stock valued at $335,000 after buying an additional 11,490 shares in the last quarter. Finally, Aperio Group LLC lifted its position in Parsley Energy by 76.1% during the second quarter. Aperio Group LLC now owns 39,278 shares of the oil and natural gas company’s stock valued at $1,090,000 after buying an additional 16,973 shares in the last quarter. Hedge funds and other institutional investors own 80.15% of the company’s stock.

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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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