Parsley Energy Stock Forecast, Price & News

13 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Parsley Energy in the last twelve months. There are currently 4 hold ratings and 9 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Parsley Energy stock.
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Wall Street analysts have given Parsley Energy a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Parsley Energy wasn't one of them. MarketBeat thinks these five companies may be even better buys.
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Parsley Energy, Inc. (NYSE:PE) announced its quarterly earnings data on Wednesday, October, 28th. The oil and natural gas company reported $0.22 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $0.16 by $0.06. The oil and natural gas company earned $447.39 million during the quarter, compared to the consensus estimate of $440.61 million. Parsley Energy had a negative net margin of 200.23% and a positive trailing twelve-month return on equity of 5.13%.
View Parsley Energy's earnings history.

Parsley Energy announced a quarterly dividend on Wednesday, October 28th. Shareholders of record on Tuesday, December 8th will be paid a dividend of $0.05 per share on Friday, December 18th. This represents a $0.20 annualized dividend and a dividend yield of 1.18%. The ex-dividend date is Monday, December 7th.
View Parsley Energy's dividend history.

Parsley Energy pays an annual dividend of $0.20 per share and currently has a dividend yield of 1.18%. The dividend payout ratio of Parsley Energy is 17.86%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Parsley Energy will have a dividend payout ratio of 20.83% next year. This indicates that Parsley Energy will be able to sustain or increase its dividend.
View Parsley Energy's dividend history.

13 brokers have issued 12 month target prices for Parsley Energy's stock. Their forecasts range from $11.00 to $18.00. On average, they anticipate Parsley Energy's stock price to reach $14.73 in the next twelve months. This suggests that the stock has a possible downside of 13.0%.
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Some companies that are related to Parsley Energy include Ecopetrol (EC), Occidental Petroleum (OXY), RWE Aktiengesellschaft (RWEOY), Devon Energy (DVN), Cenovus Energy (CVE), Woodside Petroleum (WOPEY), Diamondback Energy (FANG), Continental Resources (CLR), Gulfport Energy (GPORQ), Toray Industries (TRYIY), Sasol (SSL), Marathon Oil (MRO), Galp Energia, SGPS (GLPEY), Ovintiv (OVV) and APA (APA).
View all of PE's competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other Parsley Energy investors own include Micron Technology (MU), Johnson & Johnson (JNJ), The Boeing (BA), Intel (INTC), NVIDIA (NVDA), Advanced Micro Devices (AMD), Devon Energy (DVN), Alibaba Group (BABA), Diamondback Energy (FANG) and Cisco Systems (CSCO).

Parsley Energy trades on the New York Stock Exchange (NYSE) under the ticker symbol "PE."

One share of PE stock can currently be purchased for approximately $16.93.

Parsley Energy has a market capitalization of $6.99 billion and generates $1.96 billion in revenue each year. The oil and natural gas company earns $175.21 million in net income (profit) each year or $1.12 on an earnings per share basis.

Parsley Energy employs 496 workers across the globe.

The official website for Parsley Energy is www.parsleyenergy.com.

Parsley Energy is headquartered at 303 COLORADO STREET SUITE 3000, AUSTIN TX, 78701.

Parsley Energy's mailing address is 303 COLORADO STREET SUITE 3000, AUSTIN TX, 78701. The oil and natural gas company can be reached via phone at 737-704-2300 or via email at [email protected]