Parsley Energy, Inc. (NYSE:PE) registered a -0.85% decrease, still its new closing price is 126.06% up from the company’s 1 year high of 39.82.It posted -5.41% losses in previous 5 sessions and is now the subject of 4 analysts who together assign a hold rating on stock. 0 of Wall Street analysts have an underperform rating; the 0 sells versus 12 buy or better ratings. The 33 stock analysts following this company have an average price target at $45.35, with individual PT in the $39.00-$56.00 range. The shares moved at $34.79, implying that brokerage firms see shares gaining about 83.01% in twelve months time.
Parsley Energy, Inc. (PE) SEC Form 4 News
The stock is getting much attention these days as insiders are offloading shares while they posted a -1.28% fall year to date. A See Remarks at Parsley Energy, Inc. (PE) offloaded shares in a transaction closed on Wednesday December 07, 2016. Hinson Mike sold 25,000 shares in the company at $36.05 each and collected $901,000 in proceeds. Hinson Mike now owns 1,537,610 shares in the company after this transaction. A See Remarks in the company, Hinson Mike, disclosed a transaction on Monday November 21, 2016 that ended up generating $904,001 from the sale of 25,000 shares at $36.18 per share.
Parsley Energy, Inc. (NYSE:PE) Upcoming Results on Tap
Parsley Energy, Inc. will next provide financial results for the March 2017 quarter. Stock analysts expect it to report per-share earnings of $0.13 in that period. Sales during the quarter are predicted to arrive at $184.94 million.
Earnings surprise history: Last quarter, the company posted approximately $132.66 million in revenue and EPS of $0.03. The mean forecast was for $129.24 million and $0.02 a share, respectively. One quarter earlier, revenue for the stock was at $106.31 million, with earnings at $0.04/share.
Parsley Energy, Inc. (PE) Brokerage Update
Parsley Energy, Inc. (PE) is in Macquarie’s research list so their analyst rating change is noteworthy. These shares were downgraded to Neutral from Outperform by Macquarie, according to news reported on Wednesday October 12, 2016.Another important research note was issued by Scotia Howard Weil on Monday May 16, 2016.The firm downgraded PE to Sector Outperform from Focus Stock. Over the last six months and over the last three months, the shares of Parsley Energy, Inc. (PE), have changed 22.20% and 4.66%, respectively.