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 maximum price target given was 58, implying a possible profit of 96.81 percent. The most pessimistic price target was 29, implying potential capital losses of -1.59 percent. One must be careful with overanalyzing price targets and ratings due to possible conflicts of interest among the analysts releasing 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. On the other hand, earnings estimates for the fiscal year have been revised downwards by -12.69 percent, as compared to a month ago. If we look at the last 90 days instead, we find a net average change of 0.09 percent in FY estimates.

Another thing investors often look at is the level of agreement among analysts' revisions. Over the past month, 2 analysts increased their quarterly estimates, which can be compared to the 9 analysts that decreased their estimates. Also over the last month, 0 analysts increased their estimates for the FY earnings, while 9 analysts decreased their estimates.

PE has traded between a high of 39.82 and a low of 25.17 over the past year. 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.