Somewhat Favorable Press Coverage Somewhat Unlikely to Impact Parsley Energy (PE) Share Price
Media coverage about Parsley Energy (NYSE:PE) has trended somewhat positive this week, Accern reports. The research firm rates the sentiment of news coverage by monitoring more than twenty million blog and news sources in real time. 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 daily sentiment score of 0.12 on Accern’s scale. Accern also assigned media stories about the oil and natural gas company an impact score of 46.8994056503611 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
These are some of the news articles that may have impacted Accern’s analysis:
- Parsley Energy, Inc. (NYSE:PE) Upgraded to “Buy” at Seaport Global Securities (americanbankingnews.com)
- Zacks: Brokerages Expect Parsley Energy, Inc. (PE) to Post $0.13 Earnings Per Share (americanbankingnews.com)
- Parsley Energy Inc (PE) Needle Moving 1.64% – Evergreen Caller (evergreencaller.com)
- Q3 2017 EPS Estimates for Parsley Energy, Inc. (NYSE:PE) Lifted by Seaport Global Securities (americanbankingnews.com)
- Parsley Energy, Inc. (PE) Price Target Cut to $30.00 (americanbankingnews.com)
PE has been the topic of a number of recent research reports. Citigroup Inc. set a $50.00 price target on shares of Parsley Energy and gave the company a “buy” rating in a research report on Friday, July 21st. FBR & Co set a $42.00 price target on shares of Parsley Energy and gave the company a “buy” rating in a research report on Thursday, June 1st. Northland Securities set a $43.00 price target on shares of Parsley Energy and gave the company a “buy” rating in a research report on Monday, July 17th. Wolfe Research initiated coverage on shares of Parsley Energy in a research report on Thursday, June 15th. They set an “outperform” rating and a $40.00 price target on the stock. Finally, Williams Capital raised shares of Parsley Energy from a “hold” rating to a “buy” rating and reduced their price target for the company from $39.00 to $37.00 in a research report on Monday, June 12th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and twenty-four have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $40.69.
Shares of Parsley Energy (NYSE PE) opened at 25.35 on Friday. Parsley Energy has a 52 week low of $24.68 and a 52 week high of $39.82. The company has a market cap of $6.28 billion, a price-to-earnings ratio of 141.62 and a beta of -0.09. The company has a 50 day moving average of $27.59 and a 200-day moving average of $30.15.
Parsley Energy (NYSE:PE) last posted its quarterly earnings data on Wednesday, August 2nd. The oil and natural gas company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.11 by $0.06. Parsley Energy had a net margin of 5.23% and a return on equity of 1.70%. The business had revenue of $213.68 million during the quarter, compared to the consensus estimate of $216.54 million. During the same period in the prior year, the company posted $0.04 earnings per share. The firm’s revenue was up 99.9% compared to the same quarter last year. On average, equities research analysts expect that Parsley Energy will post $0.53 earnings per share for the current fiscal year.
In other news, insider Colin Roberts sold 3,400 shares of the stock in a transaction that occurred on Thursday, June 1st. The stock was sold at an average price of $30.00, for a total value of $102,000.00. Following the completion of the sale, the insider now directly owns 229,326 shares of the company’s stock, valued at $6,879,780. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director A R. Alameddine acquired 3,500 shares of Parsley Energy stock in a transaction dated Wednesday, May 17th. The stock was acquired at an average cost of $31.65 per share, with a total value of $110,775.00. Following the completion of the transaction, the director now directly owns 94,888 shares of the company’s stock, valued at approximately $3,003,205.20. The disclosure for this purchase can be found here. 15.51% of the stock is currently owned by corporate insiders.
Parsley Energy Company Profile
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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