Parsley Energy, Inc. (NYSE:PE) Analyst Estimates
Parsley Energy, Inc. (NYSE:PE) stock is presently standing at about $30.53 and lots of equity research firms seem to have a target price set on the stock. The median one-year price target of 31 analysts covering the company is $45.00, which suggests the stock could still rise over 32 percent. The highest analyst price target is $57.00, which implies a rally of 13 percent. And a quick view of analyst notes show that 0 are rating the stock a buy while 0 rate PE a strong buy. There are 0 equity research firms advocating a Hold and 0 consider it Sell.
Macquarie analysts provided their view on Parsley Energy, Inc. (NYSE:PE) recently. The rating firm issued a Neutral rating to this company in a research note released on Oct 12, 2016. FBR & Co. analysts disclosed their opinion on Parsley Energy, Inc. (NYSE:PE) recently. The rating firm gave a Outperform rating to this stock in a research note published on Sep 13, 2016. According to a research note disclosed on May 16, 2016, analysts at Scotia Howard Weil have lowered their rating on these shares from Focus Stock to Sector Outperform.
Parsley Energy, Inc. (NYSE:PE) Transactions Roundup
Several insiders were part of recent insider activity for the stock. Its Director ALAMEDDINE A R Purchased 3,500 company shares for 108290, in a transaction on 2017-03-01. Following the transaction, the Director is left with a stake of 92,988 shares, currently valued at $2838924. Meanwhile, See remarks Gallagher Matthew purchased 32,985 shares worth $996150, through a transaction dated 2017-02-28. Following the completion of the transaction, the insider is left with a stake of 1,000,000 shares, amounting $30530000. PE Director Windlinger Jerry also purchased 3,000 shares, at a stock price of $30.35. This transaction occurred on 2017-02-28 totals $91050. After this transaction, the insider’s stake stands at 5,667 shares, with a market value of $173014.
Executives hold 1.33 percent of the stock. Mr. Bryan Sheffield is one of the biggest insider owners in Parsley Energy, Inc. (NYSE:PE), according to U.S. Securities and Exchange Commission (SEC) filings. The insider owns 20,716,573 shares which have current market value of around $632476973.69.Mr. Mike Hinson is another major inside shareholder in the company. The insider owns 1,537,610 shares as of 0.56%, currently worth $46943233.3. Mr. Ryan Dalton is ranked as third insider holder of the stock. This insider holds 1,076,327 shares with a market value around $32860263.31 as of recent close.
Parsley Energy, Inc. (NYSE:PE) Earnings Outlook
In Parsley Energy, Inc. (NYSE:PE)’s latest quarter, EPS moved to $0.06 from $0.03 in preceding quarter and revenues reached at $155.88M compared to $132.66M. Analysts had expected Parsley Energy, Inc. (NYSE:PE) to post net income of about $0.07 per share on $156.94M in revenue. Looking ahead, analysts on average predict that earnings for the current quarter would come in in the range of $0.01 to $0.21. That is compared with the $-0.03 in EPS it reported during the same period a year ago.