News coverage about Parsley Energy (NYSE:PE) has been trending somewhat positive on Thursday, Accern Sentiment Analysis reports. Accern identifies positive and negative press coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Parsley Energy earned a media sentiment score of 0.16 on Accern’s scale. Accern also assigned media stories about the oil and natural gas company an impact score of 47.2764864745721 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.

Shares of Parsley Energy (NYSE PE) traded down $0.02 during trading on Thursday, hitting $28.82. The stock had a trading volume of 4,276,150 shares, compared to its average volume of 5,044,092. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.92 and a current ratio of 0.92. The firm has a market capitalization of $9,060.00, a price-to-earnings ratio of 411.71, a price-to-earnings-growth ratio of 1.50 and a beta of -0.05. Parsley Energy has a twelve month low of $22.98 and a twelve month high of $37.72.

Parsley Energy (NYSE:PE) last announced its quarterly earnings data on Tuesday, November 7th. The oil and natural gas company reported $0.12 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.10 by $0.02. The business 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 company’s revenue was up 81.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.05 earnings per share. equities research analysts expect that Parsley Energy will post 0.51 EPS for the current year.

A number of research analysts have issued reports on the company. Piper Jaffray Companies reiterated a “buy” rating and set a $41.00 price target on shares of Parsley Energy in a research report on Tuesday, January 9th. ValuEngine lowered Parsley Energy from a “hold” rating to a “sell” rating in a research report on Sunday, December 31st. Northland Securities reiterated a “buy” rating and set a $40.00 price target on shares of Parsley Energy in a research report on Friday, November 10th. Royal Bank of Canada reiterated an “outperform” rating and set a $36.00 price target (down previously from $37.00) on shares of Parsley Energy in a research report on Sunday, November 12th. Finally, JPMorgan Chase & Co. reduced their price target on Parsley Energy from $50.00 to $44.00 and set an “overweight” rating for the company in a research report on Tuesday, September 26th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and twenty-two have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $38.76.

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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.

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