Parsley Energy (PE) Earning Somewhat Positive News Coverage, Analysis Shows
News headlines about Parsley Energy (NYSE:PE) have been trending somewhat positive recently, Accern Sentiment Analysis reports. Accern identifies positive and negative media coverage by monitoring more than twenty 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 news sentiment score of 0.17 on Accern’s scale. Accern also assigned press coverage about the oil and natural gas company an impact score of 47.9735393517737 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Here are some of the news stories that may have impacted Accern’s analysis:
- Stocks Buzz:: Ekso Bionics Holdings, Inc. (NASDAQ:EKSO), Parsley Energy, Inc. (NYSE:PE), ORBCOMM Inc … – The Stock Street (press release) (thestreetpoint.com)
- Parsley Energy, Inc. (PE) noted a price change of -0.04% and … – Stocks Gallery (stocksgallery.com)
- Parsley Energy, Inc. (PE) – Technical Deep insight – Wall Street Morning (wallstreetmorning.com)
- Parsley Energy, Inc. (PE) stands 4.29% away from 50 SMA: Technical Watch – Voice Of Analysts (analystsbuzz.com)
- Parsley Energy, Inc. (PE) Expected to Announce Quarterly Sales of $289.50 Million (americanbankingnews.com)
Several research analysts recently commented on the stock. Northland Securities restated a “buy” rating and set a $40.00 target price on shares of Parsley Energy in a report on Friday. ValuEngine cut shares of Parsley Energy from a “hold” rating to a “sell” rating in a report on Friday, September 1st. KeyCorp restated a “buy” rating and set a $39.00 target price on shares of Parsley Energy in a report on Tuesday, September 19th. Stifel Nicolaus set a $46.00 target price on shares of Parsley Energy and gave the stock a “buy” rating in a report on Thursday, October 5th. Finally, Piper Jaffray Companies reduced their target price on shares of Parsley Energy from $42.00 to $31.00 and set an “overweight” rating for the company in a report on Monday, September 18th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and twenty-three have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $40.36.
Parsley Energy (NYSE PE) traded down $0.41 during mid-day trading on Tuesday, reaching $26.77. 3,262,000 shares of the company’s stock traded hands, compared to its average volume of 4,933,023. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.25. Parsley Energy has a 52-week low of $22.98 and a 52-week high of $39.82. The company has a market cap of $8,545.34, a price-to-earnings ratio of 71.53, a P/E/G ratio of 3.12 and a beta of -0.05.
Parsley Energy (NYSE:PE) last released its earnings results on Tuesday, November 7th. The oil and natural gas company reported $0.12 EPS for the quarter, beating the consensus estimate of $0.10 by $0.02. Parsley Energy had a net margin of 3.22% and a return on equity of 1.87%. The firm had revenue of $241.02 million for the quarter, compared to analyst estimates of $234.58 million. During the same period last year, the firm earned $0.05 EPS. The business’s quarterly revenue was up 81.8% compared to the same quarter last year. equities research analysts forecast that Parsley Energy will post 0.47 EPS for the current fiscal year.
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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