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.

Investment analysts gave a few price targets for PE. The most optimistic analyst gave a price target of 58, which equates to a potential upside of 96.81 percent. The lowest price target was 29, implying a possible loss 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. Meanwhile, fiscal year estimates have been revised downwards by -12.69 percent, compared to last month. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes 0.09 percent.

Another thing investors often look at is the level of agreement among analysts' revisions. Over the past month, 2 analysts increased their quarterly estimates, while 9 analysts revised their estimates downwards. Also over the last month, 0 analysts increased their estimates for the FY earnings, while 9 analysts made negative revisions to their fiscal year's estimates.

PE has traded between a high of 39.82 and a low of 25.17 over the past year. Today's price is 17.08 percent above the 52-week low, and 25.99 percent lower than its 52-week 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 is estimated to release their earnings results for the quarter on 0000-00-00, days from today.