Parsley Energy Inc (NYSE:PE) – SunTrust Banks issued their Q1 2018 earnings per share estimates for shares of Parsley Energy in a report issued on Thursday. SunTrust Banks analyst N. Dingmann anticipates that the oil and natural gas company will post earnings per share of $0.21 for the quarter. SunTrust Banks has a “Buy” rating and a $31.00 price objective on the stock. SunTrust Banks also issued estimates for Parsley Energy’s Q2 2018 earnings at $0.27 EPS, Q3 2018 earnings at $0.37 EPS, Q4 2018 earnings at $0.44 EPS, FY2018 earnings at $1.29 EPS and FY2019 earnings at $2.20 EPS.
Parsley Energy (NYSE:PE) last announced its earnings results on Wednesday, February 21st. The oil and natural gas company reported $0.30 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.17 by $0.13. Parsley Energy had a net margin of 11.04% and a return on equity of 3.16%. The firm had revenue of $311.49 million for the quarter, compared to analyst estimates of $298.04 million. During the same quarter last year, the business earned $0.06 earnings per share. Parsley Energy’s revenue was up 99.8% compared to the same quarter last year.
Shares of Parsley Energy (NYSE:PE) opened at $25.96 on Monday. Parsley Energy has a 1 year low of $21.12 and a 1 year high of $33.07. The stock has a market cap of $8,160.00, a P/E ratio of 64.90, a P/E/G ratio of 1.17 and a beta of -0.32. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.92 and a current ratio of 0.92.
Several large investors have recently bought and sold shares of PE. Assetmark Inc. lifted its holdings in shares of Parsley Energy by 417.5% during the 4th quarter. Assetmark Inc. now owns 3,550 shares of the oil and natural gas company’s stock valued at $105,000 after acquiring an additional 2,864 shares in the last quarter. Cerebellum GP LLC acquired a new position in shares of Parsley Energy during the 4th quarter valued at $128,000. American International Group Inc. acquired a new position in shares of Parsley Energy during the 4th quarter valued at $155,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA acquired a new position in shares of Parsley Energy during the 3rd quarter valued at $196,000. Finally, Trexquant Investment LP acquired a new position in shares of Parsley Energy during the 3rd quarter valued at $206,000. Institutional investors and hedge funds own 80.50% of the company’s stock.
In other Parsley Energy news, insider Bryan Sheffield bought 189,500 shares of Parsley Energy stock in a transaction that occurred on Monday, February 26th. The shares were acquired at an average price of $26.34 per share, for a total transaction of $4,991,430.00. Following the acquisition, the insider now owns 11,533,063 shares of the company’s stock, valued at approximately $303,780,879.42. The acquisition was disclosed in a filing with the SEC, which is available at this link. 15.51% of the stock is owned by company insiders.
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About Parsley Energy
Parsley Energy, Inc is a holding company. The Company is an independent oil and natural gas company. The Company focuses on the acquisition, development and exploitation of unconventional oil and natural gas reserves in the Permian Basin. The Permian Basin is located in West Texas and Southeastern New Mexico and includes three primary sub-areas: the Midland Basin, the Central Basin Platform and the Delaware Basin.
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