Parsley Energy (PE) Earns Daily Media Sentiment Score of 0.11
News coverage about Parsley Energy (NYSE:PE) has been trending somewhat positive on Friday, Accern Sentiment reports. Accern ranks the sentiment of news coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Parsley Energy earned a media sentiment score of 0.11 on Accern’s scale. Accern also gave news coverage about the oil and natural gas company an impact score of 46.1169314872771 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Here are some of the news articles that may have effected Accern Sentiment’s analysis:
- Parsley Energy, Inc. (PE) noted a price change of 0.04% and UDR, Inc. (UDR) closes with a move of 0.59% – Stocks Gallery (stocksgallery.com)
- Parsley Energy, Inc. (PE) is trading with P/E ratio of 228.29 – Street Observer (press release) (streetobserver.com)
- Parsley Energy, Inc. (PE) Given Consensus Recommendation of “Buy” by Analysts (americanbankingnews.com)
- Changes in Signals Identified: Retail Properties of America, Inc. (RPAI), Parsley Energy, Inc. (PE) – AllStockNews (allstocknews.com)
- Parsley Energy, Inc. (PE) registers a price change of 0.80% while United Community Financial Corp. (UCFC) finishes … – Stocks Gallery (stocksgallery.com)
Shares of Parsley Energy (NYSE:PE) opened at 24.77 on Friday. Parsley Energy has a one year low of $23.87 and a one year high of $39.82. The company’s 50 day moving average is $26.12 and its 200 day moving average is $28.95. The company has a market capitalization of $6.13 billion, a price-to-earnings ratio of 138.38 and a beta of -0.07.
Parsley Energy (NYSE:PE) last posted its quarterly earnings data on Wednesday, August 2nd. The oil and natural gas company reported $0.05 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.11 by $0.06. The company had revenue of $213.68 million during the quarter, compared to the consensus estimate of $216.54 million. Parsley Energy had a return on equity of 1.70% and a net margin of 5.23%. The firm’s revenue for the quarter was up 99.9% on a year-over-year basis. During the same quarter last year, the company posted $0.04 earnings per share. Equities research analysts predict that Parsley Energy will post $0.50 earnings per share for the current year.
Several research firms have commented on PE. Citigroup Inc. set a $50.00 target price on shares of Parsley Energy and gave the company a “buy” rating in a report on Friday, July 21st. Williams Capital raised shares of Parsley Energy from a “hold” rating to a “buy” rating and decreased their target price for the company from $39.00 to $37.00 in a report on Monday, June 12th. Bank of America Corporation began coverage on shares of Parsley Energy in a report on Wednesday, July 19th. They issued a “buy” rating and a $37.00 target price on the stock. Zacks Investment Research lowered shares of Parsley Energy from a “hold” rating to a “sell” rating in a report on Saturday, July 15th. Finally, Northland Securities set a $43.00 target price on shares of Parsley Energy and gave the company a “buy” rating in a report on Monday, July 17th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and twenty have given a buy rating to the company’s stock. Parsley Energy presently has a consensus rating of “Buy” and a consensus target price of $40.64.
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.
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