Analysts See $0.13 EPS for Parsley Energy Inc (PE)

October 13, 2017 - By Linda Rogers

 Analysts See $0.13 EPS for Parsley Energy Inc (PE)
Investors sentiment decreased to 1.4 in Q2 2017. Its down 0.49, from 1.89 in 2017Q1. It is negative, as 36 investors sold Parsley Energy Inc shares while 92 reduced holdings. 58 funds opened positions while 121 raised stakes. 238.40 million shares or 10.76% more from 215.25 million shares in 2017Q1 were reported.
Utah Retirement invested in 0.03% or 42,300 shares. Ascend Capital Ltd invested in 962,849 shares. Nuveen Asset Mngmt Ltd Llc stated it has 460,739 shares. 4.61M are owned by Invesco Limited. 10,112 are held by Regions Finance. Bbt Cap Mgmt invested in 0.25% or 69,000 shares. Motco invested 0.03% of its portfolio in Parsley Energy Inc (NYSE:PE). Captrust Financial Advisors stated it has 0% in Parsley Energy Inc (NYSE:PE). Proxima Cap Mngmt Ltd Liability stated it has 215,000 shares. Caymus Cap Ptnrs L P reported 2.32 million shares or 7.38% of all its holdings. Moreover, Carmignac Gestion has 0.08% invested in Parsley Energy Inc (NYSE:PE). New York-based 3G Cap Prtn L P has invested 1.12% in Parsley Energy Inc (NYSE:PE). California Pub Employees Retirement Sys stated it has 0.02% of its portfolio in Parsley Energy Inc (NYSE:PE). Nordea Investment Mgmt Ab invested in 5,795 shares or 0% of the stock. Spirit Of America Management Corporation Ny owns 1.1% invested in Parsley Energy Inc (NYSE:PE) for 368,050 shares.

Since May 1, 2017, it had 1 buy, and 4 selling transactions for $54.09 million activity. Another trade for 1.69 million shares valued at $53.03 million was sold by Sheffield Bryan. 3,500 shares valued at $110,760 were bought by ALAMEDDINE A R on Wednesday, May 17. The insider Dalton Ryan sold $976,800.

Analysts await Parsley Energy Inc (NYSE:PE) to report earnings on November, 1. They expect $0.13 EPS, up 333.33 % or $0.10 from last year’s $0.03 per share. PE’s profit will be $40.86M for 50.79 P/E if the $0.13 EPS becomes a reality. After $0.05 actual EPS reported by Parsley Energy Inc for the previous quarter, Wall Street now forecasts 160.00 % EPS growth. About 1.66M shares traded. Parsley Energy Inc (NYSE:PE) has risen 26.09% since October 13, 2016 and is uptrending. It has outperformed by 9.39% the S&P500.

Parsley Energy Inc (NYSE:PE) Ratings Coverage

Among 35 analysts covering Parsley Energy Inc (NYSE:PE), 31 have Buy rating, 0 Sell and 4 Hold. Therefore 89% are positive. Parsley Energy Inc had 96 analyst reports since July 21, 2015 according to SRatingsIntel. The company was initiated on Tuesday, December 1 by Bank of America. The stock has “Focus Stock” rating by Howard Weil on Monday, November 30. Barclays Capital maintained Parsley Energy Inc (NYSE:PE) rating on Wednesday, October 11. Barclays Capital has “Overweight” rating and $32 target. RBC Capital Markets upgraded the stock to “Outperform” rating in Tuesday, December 15 report. The stock has “Outperform” rating by Macquarie Research on Monday, September 21. On Tuesday, September 26 the stock rating was maintained by JP Morgan with “Overweight”. As per Wednesday, August 17, the company rating was maintained by Nomura. Cowen & Co downgraded it to “Market Perform” rating and $19 target in Tuesday, September 8 report. The stock has “Outperform” rating by RBC Capital Markets on Thursday, February 25. Imperial Capital initiated it with “Buy” rating and $3600 target in Tuesday, August 15 report.

Parsley Energy, Inc. is a holding company. The company has market cap of $8.30 billion. The Firm is an independent oil and natural gas company. It has a 238.72 P/E ratio. The Firm focuses on the acquisition, development and exploitation of unconventional oil and natural gas reserves in the Permian Basin.

Another recent and important Parsley Energy Inc (NYSE:PE) news was published by which published an article titled: “Parsley Energy, LLC Announces Pricing of Upsized $700 Million Private Offering …” on October 05, 2017.

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