Capital One Financial Corporation Weighs in on Parsley Energy, Inc.’s FY2017 Earnings (PE)

Parsley Energy, Inc. (NYSE:PE) – Stock analysts at Capital One Financial Corporation decreased their FY2017 EPS estimates for Parsley Energy in a research report issued to clients and investors on Wednesday. Capital One Financial Corporation analyst P. Johnston now anticipates that the oil and natural gas company will earn $0.56 per share for the year, down from their previous forecast of $0.59.

Parsley Energy (NYSE:PE) last released its quarterly earnings results on Thursday, May 4th. The oil and natural gas company reported $0.15 EPS for the quarter, beating the consensus estimate of $0.09 by $0.06. The business had revenue of $200.90 million for the quarter, compared to analyst estimates of $181.23 million. Parsley Energy had a negative net margin of 4.26% and a positive return on equity of 2.04%. The company’s quarterly revenue was up 222.5% on a year-over-year basis. During the same period in the prior year, the business earned ($0.02) earnings per share. TRADEMARK VIOLATION NOTICE: “Capital One Financial Corporation Weighs in on Parsley Energy, Inc.’s FY2017 Earnings (PE)” was first posted by Mideast Time and is owned by of Mideast Time. If you are reading this story on another site, it was copied illegally and reposted in violation of U.S. & international trademark and copyright law. The original version of this story can be viewed at https://www.mideasttime.com/capital-one-financial-corporation-weighs-in-on-parsley-energy-inc-s-fy2017-earnings-pe/1804722.html.

Earnings History and Estimates for Parsley Energy (NYSE:PE)

A number of other analysts also recently commented on the stock. Barclays PLC reiterated an “overweight” rating and issued a $37.00 target price (down from $41.00) on shares of Parsley Energy in a report on Saturday, April 22nd. Citigroup Inc. reiterated a “buy” rating and issued a $48.00 target price (up from $40.00) on shares of Parsley Energy in a report on Saturday, April 22nd. Scotiabank set a $43.00 target price on shares of Parsley Energy and gave the stock a “buy” rating in a report on Monday, March 27th. Williams Capital upgraded shares of Parsley Energy from a “hold” rating to a “buy” rating and dropped their target price for the stock from $39.00 to $37.00 in a report on Monday, June 12th. Finally, FBR & Co reiterated a “buy” rating on shares of Parsley Energy in a report on Friday, May 5th. Four research analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $41.09.

Shares of Parsley Energy (PE) opened at 26.31 on Friday. The stock has a 50 day moving average of $29.85 and a 200 day moving average of $32.32. Parsley Energy has a 52-week low of $24.12 and a 52-week high of $39.82. The firm’s market capitalization is $6.49 billion.

Several hedge funds have recently bought and sold shares of the company. Fortaleza Asset Management Inc. increased its stake in Parsley Energy by 11.0% in the fourth quarter. Fortaleza Asset Management Inc. now owns 3,020 shares of the oil and natural gas company’s stock valued at $106,000 after buying an additional 300 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. increased its stake in Parsley Energy by 9.0% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,043 shares of the oil and natural gas company’s stock valued at $107,000 after buying an additional 251 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt purchased a new stake in Parsley Energy during the first quarter valued at about $133,000. Creative Planning increased its stake in Parsley Energy by 4,425.0% in the first quarter. Creative Planning now owns 4,525 shares of the oil and natural gas company’s stock valued at $147,000 after buying an additional 4,425 shares in the last quarter. Finally, Envestnet Asset Management Inc. increased its stake in Parsley Energy by 6.8% in the first quarter. Envestnet Asset Management Inc. now owns 4,716 shares of the oil and natural gas company’s stock valued at $153,000 after buying an additional 300 shares in the last quarter. 91.42% of the stock is owned by institutional investors and hedge funds.

In related news, insider Bryan Sheffield sold 1,687,500 shares of the company’s stock in a transaction on Thursday, May 11th. The shares were sold at an average price of $31.42, for a total transaction of $53,021,250.00. Following the completion of the sale, the insider now directly owns 12,059,224 shares of the company’s stock, valued at approximately $378,900,818.08. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Colin Roberts sold 3,400 shares of the company’s stock in a transaction on Thursday, June 1st. The stock was sold at an average price of $30.00, for a total transaction of $102,000.00. Following the sale, the insider now directly owns 229,326 shares of the company’s stock, valued at $6,879,780. The disclosure for this sale can be found here. Insiders sold 1,739,498 shares of company stock valued at $54,689,426 over the last three months. Insiders own 15.51% of the company’s stock.

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “PE”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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