Parsley Energy, Inc. (NYSE:PE) – KeyCorp increased their FY2017 earnings estimates for shares of Parsley Energy in a report released on Tuesday. KeyCorp analyst C. Stevens now expects that the oil and natural gas company will post earnings of $0.52 per share for the year, up from their previous estimate of $0.46. KeyCorp currently has a “Buy” rating and a $39.00 price target on the stock. KeyCorp also issued estimates for Parsley Energy’s Q4 2017 earnings at $0.19 EPS, Q1 2019 earnings at $0.44 EPS, Q2 2019 earnings at $0.51 EPS and Q3 2019 earnings at $0.59 EPS.

Several other brokerages also recently commented on PE. Northland Securities set a $43.00 target price on shares of Parsley Energy and gave the stock a “buy” rating in a research note on Monday, August 21st. J P Morgan Chase & Co decreased their target price on shares of Parsley Energy from $50.00 to $44.00 and set an “overweight” rating on the stock in a research note on Tuesday, September 26th. BMO Capital Markets set a $35.00 target price on shares of Parsley Energy and gave the stock a “buy” rating in a research note on Tuesday, October 10th. Stifel Nicolaus set a $46.00 target price on shares of Parsley Energy and gave the stock a “buy” rating in a research note on Thursday, October 5th. Finally, US Capital Advisors reaffirmed an “overweight” rating on shares of Parsley Energy in a research note on Monday, October 2nd. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and twenty-three have assigned a buy rating to the company’s stock. Parsley Energy presently has an average rating of “Buy” and a consensus price target of $39.45.

Shares of Parsley Energy (NYSE PE) opened at $26.71 on Thursday. The firm has a market cap of $8,381.56, a P/E ratio of 70.16 and a beta of -0.05. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.25. Parsley Energy has a 1-year low of $22.98 and a 1-year high of $37.72.

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

Several hedge funds have recently made changes to their positions in PE. Sumitomo Mitsui Asset Management Company LTD boosted its stake in Parsley Energy by 15.0% in the 3rd quarter. Sumitomo Mitsui Asset Management Company LTD now owns 65,985 shares of the oil and natural gas company’s stock worth $1,738,000 after purchasing an additional 8,593 shares in the last quarter. Pacer Advisors Inc. boosted its stake in Parsley Energy by 15.8% in the 2nd quarter. Pacer Advisors Inc. now owns 40,202 shares of the oil and natural gas company’s stock worth $1,116,000 after purchasing an additional 5,492 shares in the last quarter. Motco bought a new position in Parsley Energy in the 2nd quarter worth about $278,000. Commerzbank Aktiengesellschaft FI boosted its stake in Parsley Energy by 46.6% in the 2nd quarter. Commerzbank Aktiengesellschaft FI now owns 88,989 shares of the oil and natural gas company’s stock worth $2,469,000 after purchasing an additional 28,299 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in Parsley Energy by 263.3% in the 2nd quarter. JPMorgan Chase & Co. now owns 2,335,311 shares of the oil and natural gas company’s stock worth $64,805,000 after purchasing an additional 1,692,425 shares in the last quarter. Hedge funds and other institutional investors own 80.16% 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.

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

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