Equities research analysts predict that Parsley Energy Inc (NYSE:PE) will report $489.00 million in sales for the current fiscal quarter, Zacks Investment Research reports. Twelve analysts have made estimates for Parsley Energy’s earnings. The highest sales estimate is $558.00 million and the lowest is $450.00 million. Parsley Energy posted sales of $311.49 million during the same quarter last year, which suggests a positive year-over-year growth rate of 57%. The firm is expected to announce its next earnings report after the market closes on Thursday, February 21st.
On average, analysts expect that Parsley Energy will report full year sales of $1.85 billion for the current fiscal year, with estimates ranging from $1.78 billion to $1.93 billion. For the next year, analysts forecast that the business will report sales of $1.98 billion, with estimates ranging from $1.72 billion to $2.94 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Parsley Energy.
Parsley Energy (NYSE:PE) last issued its quarterly earnings data on Thursday, November 1st. The oil and natural gas company reported $0.45 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.44 by $0.01. Parsley Energy had a return on equity of 6.77% and a net margin of 21.70%. The company had revenue of $511.00 million for the quarter, compared to the consensus estimate of $493.44 million. During the same quarter last year, the business posted $0.12 earnings per share. The firm’s revenue was up 112.0% compared to the same quarter last year.
PE opened at $18.10 on Friday. The firm has a market capitalization of $5.85 billion, a P/E ratio of 26.23, a PEG ratio of 0.47 and a beta of 0.23. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.35. Parsley Energy has a 52 week low of $14.17 and a 52 week high of $33.43.
In related news, Director A R. Alameddine acquired 5,000 shares of Parsley Energy stock in a transaction dated Tuesday, November 27th. The shares were purchased at an average cost of $21.10 per share, with a total value of $105,500.00. Following the completion of the purchase, the director now owns 122,643 shares of the company’s stock, valued at $2,587,767.30. The transaction was disclosed in a document filed with the SEC, which is available through this link. Insiders have bought 7,000 shares of company stock worth $145,490 over the last ninety days. Insiders own 13.17% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of PE. Tributary Capital Management LLC bought a new stake in shares of Parsley Energy in the fourth quarter worth about $37,000. Wealthstreet Investment Advisors LLC bought a new stake in shares of Parsley Energy in the fourth quarter worth about $189,000. Brasada Capital Management LP bought a new stake in shares of Parsley Energy in the third quarter worth about $219,000. IFM Investors Pty Ltd grew its stake in shares of Parsley Energy by 10.7% in the fourth quarter. IFM Investors Pty Ltd now owns 15,454 shares of the oil and natural gas company’s stock worth $247,000 after purchasing an additional 1,500 shares during the last quarter. Finally, Cerebellum GP LLC grew its stake in shares of Parsley Energy by 154.6% in the fourth quarter. Cerebellum GP LLC now owns 15,980 shares of the oil and natural gas company’s stock worth $255,000 after purchasing an additional 9,704 shares during the last quarter. 83.68% of the stock is currently owned by institutional investors.
About Parsley Energy
Parsley Energy, Inc, an independent oil and natural gas company, engages in the acquisition, development, production, exploration, and sale of crude oil and natural gas properties in the Permian Basin in West Texas and Southeastern New Mexico. As of December 31, 2017, its acreage position consisted of 219,747 net acres, including 174,392 net acres in the Midland Basin and 45,355 net acres in the Delaware Basin; and 241.0 net producing horizontal wells and 731.5 net producing vertical wells, as well an estimated proved oil and natural gas reserves were 416.4 MMBoe.
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