Analyst Ratings for Parsley Energy Inc. Cl A (PE)

Updated: 2017-07-28

Shares of Parsley Energy Inc. Cl A (NYSE:PE) have received a consensus rating of Buy from Wall Street analysts. A consensus rating of Buy was previously issued for PE last month.

Of the 30 analysts covering the stock, 25 gave it a buy rating, 1 issued an overweight rating, 4 issued a hold rating, 0 gave an underweight rating, and 0 issued a sell rating. Compared to three months ago, there has been an decrease of 1 in the number of analysts with a positive outlook on the stock. Meanwhile, the number of analysts pessimistic about the company has increased by 0.

Several price targets were given for PE by the analysts covering the stock. The most optimistic price target was 58, implying a possible profit of 96.81 percent. The most pessimistic analyst gave a price target of 29, which equates to a potential downside of -1.59 percent. Many analysts are not unbiased in their coverage of stocks, including price targets and stock ratings, so care must be taken in interpreting numbers released by them.

In the last 30 days, analysts have changed their quarterly earnings estimates downwards by an average of -12.5 percent. The average change in earnings estimates over the last 90 days is -4.55 percent. Over the past 30 days, FY earnings estimates have also changed downwards by -12.69 percent. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes 0.09 percent.

Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. Over the past month, 2 analysts increased their quarterly estimates, while 9 analysts made negative revisions. During this time, 0 analysts made positive revisions in their estimates for this fiscal year's earnings, while 9 analysts decreased their estimates.

In the trailing 52-weeks, PE hit 39.82 at the highest peak, while it's lowest trading point was 25.17. The current market price is above the trailing year's low by 17.08 percent, and 25.99 percent below the high. PE has a price/earnings ratio of 0. Investors typically compare the P/E ratio to a company's peers in the industry. The PE value stock report compares PE to some of its peers using value stock charts. The market cap of PE is $8.13 billion. PE's next earnings release will be on 0000-00-00, which is days away.