Parsley Energy (NYSE:PE) received a $35.00 target price from equities research analysts at BMO Capital Markets in a research note issued on Tuesday, November 14th. The brokerage currently has a “buy” rating on the oil and natural gas company’s stock. BMO Capital Markets’ price target would indicate a potential upside of 27.55% from the company’s current price.
PE has been the topic of several other research reports. Northland Securities restated a “buy” rating and issued a $40.00 price objective on shares of Parsley Energy in a research report on Friday, November 10th. ValuEngine lowered Parsley Energy from a “hold” rating to a “sell” rating in a research report on Friday, September 1st. KeyCorp reiterated a “buy” rating and set a $39.00 target price on shares of Parsley Energy in a research report on Tuesday, September 19th. Stifel Nicolaus set a $46.00 target price on Parsley Energy and gave the company a “buy” rating in a research report on Thursday, October 5th. Finally, Piper Jaffray Companies decreased their price objective on Parsley Energy from $42.00 to $31.00 and set an “overweight” rating on the stock in a report on Monday, September 18th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and twenty-three have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $40.23.
Parsley Energy (PE) traded up $0.58 during mid-day trading on Tuesday, hitting $27.44. 4,758,632 shares of the company’s stock traded hands, compared to its average volume of 3,886,617. Parsley Energy has a 1-year low of $22.98 and a 1-year high of $39.42. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.25. The stock has a market capitalization of $8,626.78, a price-to-earnings ratio of 72.21 and a beta of -0.05.
Several large investors have recently added to or reduced their stakes in the company. Advisor Group Inc. grew its holdings in Parsley Energy by 23.9% during the second quarter. Advisor Group Inc. now owns 4,055 shares of the oil and natural gas company’s stock worth $113,000 after acquiring an additional 781 shares during the period. American International Group Inc. boosted its position in Parsley Energy by 3.8% during the first quarter. American International Group Inc. now owns 4,858 shares of the oil and natural gas company’s stock worth $158,000 after purchasing an additional 180 shares in the last quarter. Daiwa Securities Group Inc. boosted its position in Parsley Energy by 15.8% during the second quarter. Daiwa Securities Group Inc. now owns 6,600 shares of the oil and natural gas company’s stock worth $183,000 after purchasing an additional 900 shares in the last quarter. Metropolitan Life Insurance Co. NY boosted its position in Parsley Energy by 14.1% during the first quarter. Metropolitan Life Insurance Co. NY now owns 5,949 shares of the oil and natural gas company’s stock worth $193,000 after purchasing an additional 735 shares in the last quarter. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA purchased a new stake in Parsley Energy during the third quarter worth $196,000. 80.15% of the stock is currently owned by institutional investors and hedge funds.
About Parsley Energy
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.
Receive News & Ratings for Parsley Energy Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Parsley Energy Inc. and related companies with our FREE daily email newsletter.