Parsley Energy (NYSE:PE) Q3 2017 Sentiment Change

January 23, 2018 - By Jan Rainey

 Parsley Energy (NYSE:PE)  Q3 2017 Sentiment Change

Sentiment for Parsley Energy (NYSE:PE)

Parsley Energy (NYSE:PE) institutional sentiment decreased to 1.13 in Q3 2017. Its down -0.27, from 1.4 in 2017Q2. The ratio worsened, as 160 hedge funds increased and opened new equity positions, while 142 sold and decreased their positions in Parsley Energy. The hedge funds in our partner’s database now hold: 246.67 million shares, up from 238.40 million shares in 2017Q2. Also, the number of hedge funds holding Parsley Energy in their top 10 equity positions decreased from 17 to 12 for a decrease of 5. Sold All: 51 Reduced: 91 Increased: 111 New Position: 49.

Parsley Energy, Inc., an independent oil and natural gas company, engages in the acquisition, development, production, exploration, and sale of natural gas and crude oil properties in the Permian Basin in West Texas and Southeastern New Mexico. The company has market cap of $9.17 billion. As of December 31, 2016, its acreage position consisted of 138,567 net acres, including 95,072 net acres in the Midland Basin and 43,495 net acres in the Delaware Basin; and 146.7 net producing horizontal wells and 481.5 net producing vertical wells, as well an estimated proved oil and natural gas reserves were 222.3 MMBoe. It has a 249.23 P/E ratio.

The stock decreased 0.14% or $0.04 during the last trading session, reaching $29.16. About 4.09 million shares traded. Parsley Energy, Inc. (NYSE:PE) has risen 26.09% since January 23, 2017 and is uptrending. It has outperformed by 9.39% the S&P500.

Analysts await Parsley Energy, Inc. (NYSE:PE) to report earnings on February, 22. They expect $0.18 EPS, up 200.00 % or $0.12 from last year’s $0.06 per share. PE’s profit will be $56.59M for 40.50 P/E if the $0.18 EPS becomes a reality. After $0.12 actual EPS reported by Parsley Energy, Inc. for the previous quarter, Wall Street now forecasts 50.00 % EPS growth.

Goldentree Asset Management Lp holds 12.24% of its portfolio in Parsley Energy, Inc. for 1.29 million shares. Caymus Capital Partners L.P. owns 2.91 million shares or 9.64% of their US portfolio. Moreover, Passport Capital Llc has 9.21% invested in the company for 1.27 million shares. The Bahamas-based Key Group Holdings (Cayman) Ltd. has invested 8.16% in the stock. Syntal Capital Partners Llc, a Texas-based fund reported 353,068 shares.#img1#

Parsley Energy, Inc. (NYSE:PE) Ratings Coverage

Ratings analysis reveals 89% of Parsley Energy Inc’s analysts are positive. Out of 36 Wall Street analysts rating Parsley Energy Inc, 32 give it “Buy”, 0 “Sell” rating, while 4 recommend “Hold”. The lowest target is $16 while the high is $51. The stock’s average target of $34 is 16.60% above today’s ($29.16) share price. PE was included in 113 notes of analysts from July 21, 2015. The stock has “Buy” rating by Bank of America on Wednesday, July 19. Credit Suisse initiated the stock with “Buy” rating in Monday, December 11 report. The company was reinitiated on Thursday, March 23 by UBS. The stock of Parsley Energy, Inc. (NYSE:PE) has “Buy” rating given on Monday, September 25 by Northland Capital. The rating was initiated by BMO Capital Markets on Friday, January 29 with “Outperform”. As per Friday, March 10, the company rating was maintained by FBR Capital. The rating was initiated by Barclays Capital with “Overweight” on Tuesday, June 21. The firm has “Buy” rating by Northland Capital given on Monday, August 21. As per Thursday, October 29, the company rating was initiated by Capital One. Barclays Capital maintained Parsley Energy, Inc. (NYSE:PE) on Monday, November 20 with “Overweight” rating.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our daily email newsletter.

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our FREE daily email newsletter: