Press coverage about Parsley Energy (NYSE:PE) has trended somewhat positive this week, Accern Sentiment Analysis reports. Accern identifies positive and negative press coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Parsley Energy earned a media sentiment score of 0.11 on Accern’s scale. Accern also assigned news stories about the oil and natural gas company an impact score of 46.9022000704825 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
These are some of the media headlines that may have impacted Accern Sentiment Analysis’s scoring:
- Hemang Desai Purchases 1,000 Shares of Parsley Energy Inc (PE) Stock (americanbankingnews.com)
- Parsley Energy Inc (PE) Expected to Announce Quarterly Sales of $499.66 Million (americanbankingnews.com)
- Parsley Energy: Continuing Strong Production Growth (seekingalpha.com)
- Q4 2018 EPS Estimates for Parsley Energy Inc (PE) Increased by US Capital Advisors (americanbankingnews.com)
- Brokerages Expect Parsley Energy Inc (PE) Will Announce Earnings of $0.44 Per Share (americanbankingnews.com)
Several equities research analysts have recently issued reports on the company. Zacks Investment Research cut Parsley Energy from a “buy” rating to a “hold” rating in a report on Tuesday, July 10th. Susquehanna Bancshares began coverage on Parsley Energy in a report on Wednesday, July 11th. They issued a “positive” rating and a $38.00 target price on the stock. Piper Jaffray Companies reiterated a “buy” rating and issued a $49.00 target price on shares of Parsley Energy in a report on Friday, July 20th. Stifel Nicolaus set a $58.00 target price on Parsley Energy and gave the company a “buy” rating in a report on Wednesday, August 8th. Finally, Williams Capital set a $38.00 target price on Parsley Energy and gave the company a “hold” rating in a report on Wednesday, August 8th. Five investment analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company. Parsley Energy currently has a consensus rating of “Buy” and a consensus target price of $38.73.
Shares of PE opened at $26.70 on Thursday. The stock has a market cap of $8.80 billion, a price-to-earnings ratio of 38.70, a P/E/G ratio of 0.63 and a beta of -0.54. Parsley Energy has a 12 month low of $21.12 and a 12 month high of $33.43. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.93 and a current ratio of 0.93.
Parsley Energy (NYSE:PE) last issued its quarterly earnings data on Tuesday, August 7th. The oil and natural gas company reported $0.39 EPS for the quarter, missing the Zacks’ consensus estimate of $0.41 by ($0.02). The company had revenue of $467.79 million for the quarter, compared to analyst estimates of $431.02 million. Parsley Energy had a return on equity of 5.25% and a net margin of 16.89%. equities research analysts predict that Parsley Energy will post 1.56 earnings per share for the current fiscal year.
In related news, Director Hemang Desai acquired 1,000 shares of Parsley Energy stock in a transaction on Tuesday, September 4th. The shares were bought at an average price of $27.32 per share, for a total transaction of $27,320.00. Following the completion of the purchase, the director now directly owns 31,886 shares in the company, valued at approximately $871,125.52. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Bryan Sheffield sold 2,500,000 shares of the business’s stock in a transaction dated Tuesday, August 28th. The stock was sold at an average price of $28.15, for a total value of $70,375,000.00. Following the transaction, the insider now owns 9,033,063 shares in the company, valued at approximately $254,280,723.45. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 2,773,328 shares of company stock worth $78,620,280. 13.17% of the stock is currently owned by insiders.
About Parsley Energy
Parsley Energy, Inc, an independent oil and natural gas company, engages in the acquisition, development, production, exploration, and sale of crude oil and natural gas properties in the Permian Basin in West Texas and Southeastern New Mexico. As of December 31, 2017, its acreage position consisted of 219,747 net acres, including 174,392 net acres in the Midland Basin and 45,355 net acres in the Delaware Basin; and 241.0 net producing horizontal wells and 731.5 net producing vertical wells, as well an estimated proved oil and natural gas reserves were 416.4 MMBoe.
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