Parsley Energy Inc. (PE) Third Quarter Earnings Forecast for 2018 Issued by Jefferies Financial Group

<img src = "https://www.americanbankingnews.com/wp-content/timthumb/timthumb.php?w=250&zc=1&src=https://www.marketbeat.com/logos/parsley-energy- Parsley Energy Inc. (NYSE: PE) – Analysts at Jefferies Financial Group downgraded their earnings estimates for the third quarter of 2018 for Parsley Energy shares in A research report was released Monday July 9 with clients and investors Jefferies Financial Group's badyst, Mr. Lear, now expects the oil and gas company to earn $ 0.60 per share for the quarter, up from $ 0.63 previously. Jefferies Financial Group also issued estimates for the benefit of Parsley Energy for the 2011 fiscal year at $ 2.18 per share

A number of other research badysts have also commented on PE recently. set a price target of $ 45.00 on the shares of Parsley Energy and allocated to has a "buy" note in a research note on Tuesday, March 13th. 0 price target on Parsley Energy shares in a research note on Thursday, March 15th. SunTrust Banks set a price target of $ 34.00 on Parsley Energy shares and awarded the company a "buy" rating in a research note on Thursday, March 29th. Stifel Nicolaus set a price target of $ 57.00 on Parsley Energy shares and awarded the company a "buy" rating in a research note on Wednesday, March 28. Finally, ValuEngine raised Parsley Energy's shares from a "sell" rating to a "sustain" rating in a research note on Thursday, March 29th. A research badyst evaluated the stock with a sales rating, five badigned a conservation rating and twenty one gave a buy-to-action rating. The stock has an average rating of "Buy" and an average target price of $ 38.04.

NYSE PE opened at $ 32.87 on Wednesday. Parsley Energy has a minimum of $ 12.12 in 12 months and a high of $ 33.43 in 12 months. The company has a debt ratio of 0.37, a ratio of 1.20 and a ratio of 1.20. The company has a market capitalization of $ 10.28 billion, a price / earnings ratio of 47.64, a price / earnings ratio of 0.64 and a beta of -0.51.

Parsley Energy (NYSE: PE) last released its quarterly results on Thursday, May 3rd. The oil and gas company reported earnings per share of $ 0.31 for the quarter, exceeding Zack's consensus estimate of $ 0.24 per $ 0.07. Parsley Energy recorded a net margin of 13.82% and a return on equity of 3.71%. The company achieved a sales turnover of 392.70 million dollars for the quarter, against a consensus estimate of 348.64 million dollars. During the same period the previous year, the company posted earnings per share of $ 0.13. The business turnover of the company increased by 95.5% compared to the same quarter of last year.

A number of major investors have recently changed their holdings of PE. JPMorgan Chase & Co. increased its position in Parsley Energy by 96.8% in the first quarter. JPMorgan Chase & Co. now holds 9,608,948 shares of the oil and gas company valued at $ 278,563,000 after purchasing 4,726,116 additional shares in the last quarter. PointState Capital LP increased its ownership interest in Parsley Energy by 178.2% in the first quarter. PointState Capital LP now holds 5,566,158 shares of the oil and gas company valued at $ 161,363,000 after purchasing 3,565,358 additional shares during the period. Renaissance Technologies LLC increased its ownership interest in Parsley Energy by 1,152.3% in the fourth quarter. Renaissance Technologies LLC now holds 940,500 shares of the oil and gas company valued at $ 27,688,000 after purchasing 865,400 additional shares during the period. TIAA CREF Investment Management LLC increased its stake in Parsley Energy by 9.5% in the fourth quarter. TIAA CREF Investment Management LLC now holds 9,885,217 shares of the oil and gas company valued at $ 291,021,000 after purchasing an additional 855,841 shares during the period. Finally, Thrivent Financial for Lutherans increased its stake in Parsley Energy by 42.5% in the first quarter. Thrivent Financial for Lutherans now holds 2,592,839 shares of the oil and gas company valued at $ 75,166,000 after purchasing 773,230 additional shares during the period. Hedge funds and other institutional investors hold 85.12% of the company's shares.

In addition, Colin Roberts, an insider, sold 10,000 shares of Parsley Energy in connection with a transaction dated Tuesday, May 15. The shares were sold at an average price of $ 31.59, for a total value of $ 315,900.00. As a result of the sale, the insider now directly owns 244,204 shares of the company, valued at approximately $ 7,714,404.36. The sale has been disclosed in a legal deposit with the SEC, which is available on the SEC's website. In addition, Mike Hinson, an insider, has sold 41,681 shares of Parsley Energy in connection with a transaction dated Tuesday, May 8. The shares were sold at an average price of $ 31.95, for a total transaction of $ 1,331,707.95. As a result of the closing of the sale, the insider now holds 422,626 shares of the Company, valued at $ 13,502,900.70. The disclosure for this sale can be found here. During the last quarter, insiders sold 61,681 shares valued at $ 1,949,708. 13.17% of the stock is currently held by insiders.

Parsley Energy Company Profile

Parsley Energy, Inc., an independent oil and gas company, specializes in the acquisition, development, production, l & # 39; 39 Exploration and sale of crude oil and natural gas properties. the Permian Basin in western Texas and southeastern New Mexico. As at December 31, 2017, its area was 219,747 net acres, of which 174,392 net acres in the Midland Basin and 45,355 net acres in the Delaware Basin; and 241.0 net wells producing horizontal wells and 731.5 net wells producing vertical wells, as well as an estimate of proven oil and natural gas reserves of 416.4 MMBoe.

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