Parsley Energy (NYSE:PE) will announce its Q2 2019 earnings results after the market closes on Tuesday, August 6th. Analysts expect the company to announce earnings of $0.37 per share for the quarter. Investors interested in participating in the company’s conference call can do so using this link.
PE stock opened at $14.86 on Monday. Parsley Energy has a 52 week low of $14.17 and a 52 week high of $32.00. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 0.36. The company’s fifty day simple moving average is $17.51. The company has a market capitalization of $4.80 billion, a price-to-earnings ratio of 10.54, a P/E/G ratio of 0.31 and a beta of 0.50.
Several equities research analysts have recently issued reports on PE shares. Williams Capital restated a “hold” rating and issued a $26.00 target price on shares of Parsley Energy in a report on Thursday, May 2nd. Wolfe Research upgraded shares of Parsley Energy from a “peer perform” rating to an “outperform” rating in a report on Thursday, April 18th. Goldman Sachs Group lowered shares of Parsley Energy to a “buy” rating in a report on Friday, April 12th. Morgan Stanley set a $21.00 target price on shares of Parsley Energy and gave the stock a “hold” rating in a report on Monday, June 24th. Finally, Evercore ISI upgraded shares of Parsley Energy from an “in-line” rating to an “outperform” rating and set a $19.72 target price for the company in a report on Monday, May 6th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, twenty-three have given a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $30.31.
In related news, Director Jerry Windlinger purchased 1,985 shares of Parsley Energy stock in a transaction that occurred on Wednesday, June 5th. The shares were bought at an average price of $17.50 per share, with a total value of $34,737.50. Following the purchase, the director now directly owns 33,382 shares of the company’s stock, valued at approximately $584,185. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Bryan Sheffield sold 100,000 shares of the firm’s stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $20.24, for a total transaction of $2,024,000.00. Following the completion of the transaction, the insider now directly owns 8,801,632 shares in the company, valued at approximately $178,145,031.68. The disclosure for this sale can be found here. Company insiders own 12.14% of the company’s stock.
Parsley Energy Company Profile
Parsley Energy, Inc, an independent oil and natural gas company, engages in the acquisition, development, exploration, production, and sale of crude oil and natural gas properties in the Permian Basin in west Texas and Southeastern New Mexico. As of December 31, 2018, its acreage position consisted of 198,946 net acres, including 154,107 net acres in the Midland Basin and 44,839 net acres in the Delaware Basin; and operated 425.3 net acres of the horizontal wells and 735.7 net acres of the vertical wells, as well an estimated proved oil, natural gas, and natural gas liquid reserves of 521.7 MMBoe.
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