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.
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.
TRADEMARK VIOLATION WARNING: “Analysts Expect Parsley Energy Inc (PE) to Announce $0.19 EPS” was originally reported by American Banking News and is the sole property of of American Banking News. If you are viewing this piece on another domain, it was copied illegally and republished in violation of US and international trademark & copyright laws. The correct version of this piece can be read at https://www.americanbankingnews.com/2018/01/04/analysts-expect-parsley-energy-inc-pe-to-announce-0-19-eps.html.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Parsley Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Parsley Energy and related companies with MarketBeat.com's FREE daily email newsletter.