National Alliance Securities assumed coverage on shares of Parsley Energy (NYSE:PE) in a report released on Friday morning. The brokerage issued a hold rating and a $25.00 price objective on the oil and natural gas company’s stock.
Several other research firms have also commented on PE. Piper Jaffray Companies reissued a buy rating and issued a $41.00 target price on shares of Parsley Energy in a report on Tuesday, January 9th. ValuEngine lowered Parsley Energy from a hold rating to a sell rating in a report on Sunday, December 31st. Morgan Stanley increased their target price on Parsley Energy from $30.00 to $35.00 and gave the company an overweight rating in a report on Wednesday, January 24th. Credit Suisse Group set a $38.00 target price on Parsley Energy and gave the company a buy rating in a report on Tuesday, January 23rd. They noted that the move was a valuation call. Finally, Williams Capital lowered Parsley Energy from a buy rating to a hold rating and dropped their target price for the company from $38.00 to $34.00 in a report on Tuesday, January 30th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and twenty-one have issued a buy rating to the stock. The company has a consensus rating of Buy and a consensus price target of $36.00.
Parsley Energy (NYSE PE) opened at $23.46 on Friday. The company has a market capitalization of $7,380.00, a price-to-earnings ratio of 335.14, a P/E/G ratio of 0.93 and a beta of -0.32. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.25. Parsley Energy has a twelve month low of $21.12 and a twelve month high of $33.07.
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Parsley Energy Company Profile
Parsley Energy, Inc is a holding company. The Company is an independent oil and natural gas company. The Company focuses on the acquisition, development and exploitation of unconventional oil and natural gas reserves in the Permian Basin. The Permian Basin is located in West Texas and Southeastern New Mexico and includes three primary sub-areas: the Midland Basin, the Central Basin Platform and the Delaware Basin.
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