Analysts anticipate Parsley Power, Inc. (NYSE:PE) to submit gross sales of $460.39 million for the present fiscal quarter, in keeping with Zacks Funding Analysis. Six analysts have supplied estimates for Parsley Power’s earnings, with estimates starting from $429.72 million to $483.60 million. Parsley Power reported gross sales of $522.45 million in the identical quarter final yr, which signifies a detrimental year-over-year progress price of 11.9%. The corporate is scheduled to report its subsequent quarterly earnings report on Wednesday, February 17th.
In response to Zacks, analysts anticipate that Parsley Power will report full-year gross sales of $1.74 billion for the present yr, with estimates starting from $1.66 billion to $1.87 billion. For the following yr, analysts anticipate that the enterprise will submit gross sales of $1.93 billion, with estimates starting from $1.77 billion to $2.12 billion. Zacks Funding Analysis’s gross sales calculations are a mean based mostly on a survey of sell-side analysis analysts that cowl Parsley Power.
Parsley Power (NYSE:PE) final posted its quarterly earnings knowledge on Wednesday, October 28th. The oil and pure gasoline firm reported $0.22 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.16 by $0.06. Parsley Power had a constructive return on fairness of 5.13% and a detrimental web margin of 200.23%.
A number of analysts have weighed in on PE shares. MKM Companions downgraded Parsley Power from a “purchase” score to a “impartial” score and set a $11.00 price goal on the stock. in a analysis word on Thursday, October 22nd. Stephens reaffirmed an “equal weight” score and issued a $12.00 price goal on shares of Parsley Power in a report on Thursday, October 29th. Cowen elevated their goal price on Parsley Power from $15.00 to $18.00 and gave the corporate an “outperform” score in a report on Monday, August 17th. US Capital Advisors lower Parsley Power from a “purchase” score to a “maintain” score in a report on Wednesday, October 21st. Lastly, Citigroup elevated their price goal on Parsley Power from $11.00 to $13.00 and gave the corporate a “purchase” score in a report on Thursday, August 27th. One equities analysis analyst has rated the stock with a promote score, six have issued a maintain score, eighteen have given a purchase score and one has assigned a robust purchase score to the corporate. The corporate has a consensus score of “Purchase” and a mean price goal of $14.58.
Shares of NYSE:PE opened at $14.37 on Monday. The enterprise’s 50-day transferring common is $11.84 and its 200 day transferring common is $10.91. Parsley Power has a 1 yr low of $3.92 and a 1 yr excessive of $20.13. The agency has a market capitalization of $5.93 billion, a P/E ratio of -1.46, a P/E/G ratio of 0.45 and a beta of two.24. The corporate has a debt-to-equity ratio of 0.76, a present ratio of 0.54 and a fast ratio of 0.54.
The corporate additionally just lately disclosed a quarterly dividend, which will likely be paid on Friday, December 18th. Traders of file on Tuesday, December eighth will likely be paid a $0.05 dividend. This represents a $0.20 dividend on an annualized foundation and a yield of 1.39%. The ex-dividend date is Monday, December seventh. Parsley Power’s dividend payout ratio is 17.86%.
Plenty of hedge funds have just lately added to or diminished their stakes within the enterprise. Boston Companions grew its stake in Parsley Power by 147.1% within the third quarter. Boston Companions now owns 25,157,523 shares of the oil and pure gasoline firm’s stock valued at $235,474,00Zero after shopping for an extra 14,976,772 shares over the past quarter. Nuveen Asset Administration LLC lifted its holdings in Parsley Power by 9.2% through the third quarter. Nuveen Asset Administration LLC now owns 12,014,454 shares of the oil and pure gasoline firm’s stock valued at $112,455,00Zero after buying an extra 1,016,341 shares over the past quarter. Victory Capital Administration Inc. raised its stake in shares of Parsley Power by 10.4% within the second quarter. Victory Capital Administration Inc. now owns 10,056,048 shares of the oil and pure gasoline firm’s stock worth $107,399,00Zero after buying an extra 945,460 shares over the past quarter. JPMorgan Chase & Co. raised its stake in shares of Parsley Power by 24.9% within the third quarter. JPMorgan Chase & Co. now owns 6,365,261 shares of the oil and pure gasoline firm’s stock worth $60,725,00Zero after buying an extra 1,269,559 shares over the past quarter. Lastly, Bank of New York Mellon Corp raised its stake in shares of Parsley Power by 84.1% within the second quarter. Bank of New York Mellon Corp now owns 6,007,293 shares of the oil and pure gasoline firm’s stock worth $64,160,00Zero after buying an extra 2,744,387 shares over the past quarter. Institutional buyers personal 72.58% of the corporate’s stock.
Parsley Power Firm Profile
Parsley Power, Inc, an unbiased oil and pure gasoline firm, engages within the acquisition, growth, exploration, manufacturing, and sale of crude oil and pure gasoline properties within the Permian Basin in west Texas and Southeastern New Mexico. As of December 31, 2019, its acreage place consisted of 191,179 web acres, together with 149,615 web acres within the Midland Basin and 41,564 web acres within the Delaware Basin; and operated 558.9 web acres of the horizontal wells and 723.1 web acres of the vertical wells, as effectively an estimated proved oil, pure gasoline, and pure gasoline liquid reserves of 592.Three MMBoe.
Featured Story: What are gap-up stocks?
Get a free copy of the Zacks analysis report on Parsley Power (PE)
For extra details about analysis choices from Zacks Funding Analysis, go to Zacks.com
This prompt information alert was generated by narrative science know-how and monetary knowledge from MarketBeat with a view to present readers with the quickest and most correct reporting. This story was reviewed by MarketBeat’s editorial staff previous to publication. Please ship any questions or feedback about this story to [email protected]