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.

A number of analysts gave price targets for PE. The most optimistic analyst gave a price target of 58, implying potential capital gains 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.

Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change 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.

Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. 2 analysts have revised their quarterly estimates upwards in the past 30 days, while 9 analysts revised their estimates downwards. 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 last 52-weeks, PE has achieved a high of 39.82 and a low of 25.17. Today's price is 17.08 percent above the 52-week low, and 25.99 percent below the high. PE has a P/E 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 will post this quarters earnings in days, on 0000-00-00.