Analysts Expect Parsley Energy Inc (PE) to Announce $0.19 EPS

Wall Street brokerages expect Parsley Energy Inc (NYSE:PE) to post earnings per share of $0.19 for the current quarter, Zacks Investment Research reports. Ten analysts have made estimates for Parsley Energy’s earnings, with the lowest EPS estimate coming in at $0.12 and the highest estimate coming in at $0.26. Parsley Energy posted earnings per share of $0.06 in the same quarter last year, which would suggest a positive year over year growth rate of 216.7%. The company is scheduled to report its next quarterly earnings report on Thursday, February 22nd.

According to Zacks, analysts expect that Parsley Energy will report full year earnings of $0.50 per share for the current financial year, with EPS estimates ranging from $0.42 to $0.56. For the next year, analysts anticipate that the firm will report earnings of $1.14 per share, with EPS estimates ranging from $0.64 to $1.76. Zacks’ EPS calculations are an average based on a survey of research firms that that provide coverage for Parsley Energy.

Parsley Energy (NYSE:PE) last issued its quarterly earnings results on Tuesday, November 7th. The oil and natural gas company reported $0.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 return on equity of 1.87% and a net margin of 3.22%. The firm’s quarterly revenue was up 81.8% on a year-over-year basis. During the same period last year, the company posted $0.05 EPS.

A number of equities analysts have issued reports on PE shares. Barclays set a $32.00 price target on Parsley Energy and gave the company a “buy” rating in a research note on Wednesday, October 11th. Imperial Capital increased their price target on Parsley Energy from $36.00 to $37.00 and gave the company an “outperform” rating in a research note on Thursday, November 9th. JPMorgan Chase & Co. decreased their price target on Parsley Energy from $44.00 to $38.00 and set an “overweight” rating for the company in a research note on Wednesday, November 15th. Zacks Investment Research lowered Parsley Energy from a “hold” rating to a “sell” rating in a research note on Wednesday, October 11th. Finally, Citigroup decreased their price target on Parsley Energy from $51.00 to $49.00 and set a “buy” rating for the company in a research note on Friday, October 13th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and twenty-three have given a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $38.95.

Shares of Parsley Energy (PE) traded up $0.21 during midday trading on Thursday, reaching $31.00. The company’s stock had a trading volume of 3,660,900 shares, compared to its average volume of 3,781,067. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.25. The company has a market cap of $9,750.00, a price-to-earnings ratio of 442.86 and a beta of -0.05. Parsley Energy has a 52-week low of $22.98 and a 52-week high of $37.72.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Sumitomo Mitsui Asset Management Company LTD lifted its holdings in shares of Parsley Energy by 15.0% in the third quarter. Sumitomo Mitsui Asset Management Company LTD now owns 65,985 shares of the oil and natural gas company’s stock valued at $1,738,000 after purchasing an additional 8,593 shares in the last quarter. King Luther Capital Management Corp lifted its holdings in shares of Parsley Energy by 53.7% in the third quarter. King Luther Capital Management Corp now owns 100,036 shares of the oil and natural gas company’s stock valued at $2,635,000 after purchasing an additional 34,930 shares in the last quarter. Commerzbank Aktiengesellschaft FI lifted its holdings in shares of Parsley Energy by 46.6% in the second quarter. Commerzbank Aktiengesellschaft FI now owns 88,989 shares of the oil and natural gas company’s stock valued at $2,469,000 after purchasing an additional 28,299 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Parsley Energy by 263.3% in the second quarter. JPMorgan Chase & Co. now owns 2,335,311 shares of the oil and natural gas company’s stock valued at $64,805,000 after purchasing an additional 1,692,425 shares in the last quarter. Finally, Swiss National Bank lifted its holdings in shares of Parsley Energy by 0.8% in the third quarter. Swiss National Bank now owns 815,600 shares of the oil and natural gas company’s stock valued at $21,483,000 after purchasing an additional 6,600 shares in the last quarter. 80.16% of the stock is owned by institutional investors and hedge funds.

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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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