Parsley Energy Inc (NYSE:PE) – Investment analysts at Capital One Financial raised their FY2017 earnings estimates for Parsley Energy in a research report issued to clients and investors on Wednesday. Capital One Financial analyst P. Johnston now expects that the oil and natural gas company will earn $0.48 per share for the year, up from their prior estimate of $0.44. Capital One Financial also issued estimates for Parsley Energy’s Q4 2017 earnings at $0.16 EPS, Q1 2018 earnings at $0.26 EPS, Q2 2018 earnings at $0.30 EPS, Q3 2018 earnings at $0.35 EPS and Q4 2018 earnings at $0.40 EPS.

Parsley Energy (NYSE:PE) last issued its earnings results 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. Parsley Energy had a net margin of 3.22% and a return on equity of 1.87%. The company had revenue of $241.02 million for the quarter, compared to analysts’ expectations of $234.58 million. During the same period in the prior year, the company earned $0.05 earnings per share. The firm’s revenue was up 81.8% compared to the same quarter last year.

A number of other analysts have also recently weighed in on the stock. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $41.00 price objective on shares of Parsley Energy in a report on Tuesday, January 9th. ValuEngine cut shares of Parsley Energy from a “hold” rating to a “sell” rating in a report on Sunday, December 31st. Robert W. Baird began coverage on shares of Parsley Energy in a report on Tuesday, December 19th. They issued an “outperform” rating and a $33.00 price objective on the stock. Credit Suisse Group began coverage on shares of Parsley Energy in a report on Monday, December 11th. They issued an “outperform” rating and a $32.00 price objective on the stock. Finally, Northland Securities set a $36.00 price objective on shares of Parsley Energy and gave the stock a “buy” rating in a report on Monday, December 11th. 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’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $39.27.

Shares of Parsley Energy (PE) opened at $29.11 on Friday. 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 twelve month low of $22.98 and a twelve month high of $37.72. The firm has a market cap of $9,154.95, a PE ratio of 363.92, a P/E/G ratio of 1.55 and a beta of -0.05.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Sumitomo Mitsui Asset Management Company LTD grew its position 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 valued at $1,738,000 after buying an additional 8,593 shares in the last quarter. King Luther Capital Management Corp grew its position in Parsley Energy by 53.7% in the 3rd 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 buying an additional 34,930 shares in the last quarter. Swiss National Bank grew its position in Parsley Energy by 0.8% in the 3rd quarter. Swiss National Bank now owns 815,600 shares of the oil and natural gas company’s stock valued at $21,483,000 after buying an additional 6,600 shares in the last quarter. L & S Advisors Inc bought a new position in Parsley Energy in the 3rd quarter valued at about $5,589,000. Finally, Mitchell Group Inc. bought a new position in Parsley Energy in the 3rd quarter valued at about $12,869,000. Hedge funds and other institutional investors own 80.16% of the company’s stock.

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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 and Estimates for Parsley Energy (NYSE:PE)

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