Analysts’ Recent Ratings Changes for Parsley Energy (PE)

Parsley Energy (NYSE: PE) recently received a number of ratings updates from brokerages and research firms:

  • 10/23/2017 – Parsley Energy was given a new $34.00 price target on by analysts at Piper Jaffray Companies. They now have a “buy” rating on the stock.
  • 10/20/2017 – Parsley Energy was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Parsley Energy, Inc. is an independent oil and natural gas company. It is focused on the acquisition, development, and exploitation of unconventional oil and natural gas reserves in the Permian Basin. Parsley Energy, Inc. is headquartered in Midland, Texas. “
  • 10/18/2017 – Parsley Energy had its price target lowered by analysts at Williams Capital from $36.00 to $33.00. They now have a “buy” rating on the stock.
  • 10/13/2017 – Parsley Energy had its price target lowered by analysts at Citigroup Inc. from $51.00 to $49.00. They now have a “buy” rating on the stock.
  • 10/11/2017 – Parsley Energy was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Parsley Energy, Inc. is an independent oil and natural gas company. It is focused on the acquisition, development, and exploitation of unconventional oil and natural gas reserves in the Permian Basin. Parsley Energy, Inc. is headquartered in Midland, Texas. “
  • 10/11/2017 – Parsley Energy was given a new $32.00 price target on by analysts at Barclays PLC. They now have a “buy” rating on the stock.
  • 10/10/2017 – Parsley Energy was given a new $35.00 price target on by analysts at BMO Capital Markets. They now have a “buy” rating on the stock.
  • 10/9/2017 – Parsley Energy is now covered by analysts at Jefferies Group LLC. They set a “buy” rating and a $34.00 price target on the stock.
  • 10/5/2017 – Parsley Energy was given a new $46.00 price target on by analysts at Stifel Nicolaus. They now have a “buy” rating on the stock.
  • 10/2/2017 – Parsley Energy had its “overweight” rating reaffirmed by analysts at US Capital Advisors.
  • 9/26/2017 – Parsley Energy had its price target lowered by analysts at J P Morgan Chase & Co from $50.00 to $44.00. They now have an “overweight” rating on the stock.
  • 9/24/2017 – Parsley Energy had its “buy” rating reaffirmed by analysts at Piper Jaffray Companies.
  • 9/19/2017 – Parsley Energy had its “buy” rating reaffirmed by analysts at KeyCorp. They now have a $39.00 price target on the stock.
  • 9/18/2017 – Parsley Energy had its price target lowered by analysts at Piper Jaffray Companies from $42.00 to $31.00. They now have an “overweight” rating on the stock.
  • 9/3/2017 – Parsley Energy had its “buy” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $46.00 price target on the stock.

Parsley Energy (NYSE:PE) last released its quarterly earnings results on Wednesday, August 2nd. The oil and natural gas company reported $0.05 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.11 by ($0.06). Parsley Energy had a return on equity of 1.70% and a net margin of 5.23%. The firm had revenue of $213.68 million during the quarter, compared to analysts’ expectations of $216.54 million. During the same period in the prior year, the firm posted $0.04 earnings per share. Parsley Energy’s revenue for the quarter was up 99.9% compared to the same quarter last year.

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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