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 lowest price target was 29, implying a possible loss of -1.59 percent. Note that investment analysts can be biased in their reporting on companies's ratings and price targets.

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. 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. 2 analysts made positive revisions to their quarterly estimates over the past month, while 9 analysts revised their estimates downwards. Over the same time period, 0 analysts revised their FY earnings estimates upwards, compared to 9 analysts that revised their FY estimates downwards.

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 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 stock has a market capitalization of $8.13 billion. PE is estimated to release their earnings results for the quarter on 0000-00-00, days from today.