Parsley Energy (PE) Set to Announce Earnings on Wednesday

Parsley Energy (NYSE:PE) will be releasing its earnings data after the market closes on Wednesday, February 21st. Analysts expect Parsley Energy to post earnings of $0.17 per share for the quarter.

Shares of Parsley Energy (NYSE:PE) opened at $22.57 on Wednesday. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.92 and a quick ratio of 0.92. Parsley Energy has a one year low of $21.12 and a one year high of $33.07. The firm has a market cap of $7,100.00, a price-to-earnings ratio of 322.43, a PEG ratio of 0.86 and a beta of -0.32.

A number of brokerages have recently weighed in on PE. Northland Securities restated a “buy” rating and issued a $40.00 price objective on shares of Parsley Energy in a research note on Friday, November 10th. Credit Suisse Group set a $38.00 price objective on shares of Parsley Energy and gave the stock a “buy” rating in a research note on Tuesday, January 23rd. They noted that the move was a valuation call. Williams Capital cut shares of Parsley Energy from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $38.00 to $34.00 in a research note on Tuesday, January 30th. Piper Jaffray Companies restated a “buy” rating and issued a $38.00 price objective on shares of Parsley Energy in a research note on Friday, February 2nd. Finally, Morgan Stanley cut shares of Parsley Energy from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, January 30th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and twenty-two have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $37.38.

ILLEGAL ACTIVITY WARNING: This story was first published by American Banking News and is the property of of American Banking News. If you are accessing this story on another website, it was copied illegally and republished in violation of US & international copyright laws. The original version of this story can be read at https://www.americanbankingnews.com/2018/02/14/parsley-energy-pe-set-to-announce-earnings-on-wednesday.html.

About Parsley Energy

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 for Parsley Energy (NYSE:PE)

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.

Leave a Reply