Parsley Energy (NYSE:PE) will issue its quarterly earnings data after the market closes on Wednesday, May 1st. Analysts expect the company to announce earnings of $0.23 per share for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.
Parsley Energy (NYSE:PE) last released its quarterly earnings results on Thursday, February 21st. The oil and natural gas company reported $0.30 earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.04). Parsley Energy had a return on equity of 6.43% and a net margin of 20.21%. The firm had revenue of $454.90 million for the quarter, compared to analysts’ expectations of $456.66 million. During the same quarter last year, the firm posted $0.30 earnings per share. The firm’s revenue for the quarter was up 46.0% compared to the same quarter last year. On average, analysts expect Parsley Energy to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.
Parsley Energy stock opened at $21.65 on Wednesday. Parsley Energy has a fifty-two week low of $14.17 and a fifty-two week high of $33.43. The stock has a market cap of $6.88 billion, a P/E ratio of 15.35, a PEG ratio of 0.40 and a beta of 0.40. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.83 and a current ratio of 0.83.
In other Parsley Energy news, insider Colin Roberts sold 3,000 shares of the business’s stock in a transaction dated Friday, April 12th. The shares were sold at an average price of $20.00, for a total value of $60,000.00. Following the transaction, the insider now directly owns 271,926 shares in the company, valued at $5,438,520. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Mike Hinson sold 41,727 shares of the business’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $18.43, for a total transaction of $769,028.61. Following the completion of the transaction, the insider now owns 398,275 shares in the company, valued at $7,340,208.25. The disclosure for this sale can be found here. Over the last quarter, insiders sold 48,227 shares of company stock worth $894,584. Corporate insiders own 13.17% of the company’s stock.
Several research firms recently weighed in on PE. KeyCorp boosted their price target on shares of Parsley Energy from $21.00 to $23.00 and gave the stock an “overweight” rating in a report on Monday. SunTrust Banks set a $30.00 price target on shares of Parsley Energy and gave the stock a “buy” rating in a report on Tuesday. Wolfe Research upgraded shares of Parsley Energy from a “peer perform” rating to an “outperform” rating in a report on Thursday, April 18th. Zacks Investment Research cut shares of Parsley Energy from a “buy” rating to a “hold” rating in a report on Thursday, April 18th. Finally, ValuEngine upgraded shares of Parsley Energy from a “strong sell” rating to a “sell” rating in a report on Thursday, April 18th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, twenty-four have given a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $31.56.
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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