Brokers Ratings on: Parsley Energy, Inc. (PE)

Cornelia Mascio
Novembre 15, 2017

Northland Securities reaffirmed their buy rating on shares of Parsley Energy, Inc.

Parsley Energy, Inc. on 9/29/2017 reported its EPS as $0.06 with the analysts projecting the EPS of the stock as $0.06. The Company is an independent oil and natural gas company.

Equity analyst BMO Capital Markets issued a report on PE and giving a rating of "Buy" and establishing a price target of $35.00. Parsley Energy Inc had 104 analyst reports since July 21, 2015 according to SRatingsIntel. They issued a "hold" rating and a $37.00 target price for the company.

Williams Capital lowered the price target of the stock on October 18 changing the price objective from $36.00 to $33.00 and issued a "Buy" recommendation.

Having a price of $26.79, Parsley Energy Inc (NYSE:PE) traded -0.26% lower on the day. Parsley Energy presently has a consensus rating of "Buy" and a consensus price target of $40.36. Two research analysts have rated the stock with a sell rating, one has given a hold rating and twenty-three have assigned a buy rating to the company. The stock of Metlife Inc (NYSE:MET) earned "Buy" rating by RBC Capital Markets on Monday, October 9.

Shares of Parsley Energy (PE) opened at $26.77 on Monday. Public Employees Retirement Association of Colorado now owns 5,233 shares of the company's stock valued at $175,000 after buying an additional 384 shares during the last quarter. The P/E ratio is now 370.98 and the market cap of the company is 8.42B. Over the past twelve months, Parsley Energy, Inc. Earnings, with 27 analysts believing the company would generate an Average Estimate of $0.15. On average, equities research analysts expect that Parsley Energy will post $0.09 earnings per share for the current fiscal year. The oil and natural gas company reported $0.12 earnings per share (EPS) for the quarter, beating the Zacks' 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. Return on Equity (ROE) stands at 1.1% and Return on Investment (ROI) of 0.4 percent. The business's revenue for the quarter was up 81.8% compared to the same quarter previous year. During the same quarter a year ago, the business earned $0.05 EPS. If you are viewing this story on another site, it was illegally copied and reposted in violation of worldwide copyright laws. If you are viewing this report on another domain, it was copied illegally and republished in violation of USA & worldwide trademark and copyright laws. The legal version of this news story can be read at https://baseballnewssource.com/markets/parsley-energys-pe-buy-rating-reaffirmed-at-northland-securities/1774134.html.

A number of institutional investors have recently modified their holdings of PE. Advisor Group Inc. lifted its position in Parsley Energy by 23.9% during the 2nd quarter. Mutual of America Capital Management LLC now owns 41,392 shares of the company's stock valued at $1,387,000 after buying an additional 202 shares in the last quarter. Spot Trading L.L.C. bought a new position in shares of Parsley Energy during the first quarter worth about $565,000. Daiwa Securities Group Inc. now owns 6,600 shares of the oil and natural gas company's stock worth $183,000 after buying an additional 900 shares during the period. Ltd. now owns 24,600 shares of the oil and natural gas company's stock worth $800,000 after acquiring an additional 7,900 shares during the last quarter. Metropolitan Life Ins Commerce holds 13,040 shares. NY lifted its position in shares of Parsley Energy by 14.1% in the first quarter. The Lvm Capital Management Ltd holds 251,106 shares with $11.19M value, up from 134,311 last quarter. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA purchased a new position in Parsley Energy during the third quarter worth $196,000. Sentry invested in 60,300 shares or 0.01% of the stock. Ameriprise Financial stated it has 0% in Parsley Energy Inc (NYSE:PE). 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 comprises over three primary sub-areas: the Midland Basin, the Central Basin Platform and the Delaware Basin.

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