Somewhat Favorable News Coverage Somewhat Unlikely to Affect Parsley Energy (PE) Stock Price

News stories about Parsley Energy (NYSE:PE) have been trending somewhat positive recently, according to Accern. The research firm scores the sentiment of news coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Parsley Energy earned a news sentiment score of 0.12 on Accern’s scale. Accern also assigned news headlines about the oil and natural gas company an impact score of 46.4056450134362 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.

Here are some of the news headlines that may have impacted Accern Sentiment Analysis’s rankings:

Parsley Energy (NYSE PE) traded down $0.17 on Tuesday, hitting $23.29. The company had a trading volume of 3,995,446 shares, compared to its average volume of 6,934,007. The firm has a market cap of $7,375.52, a PE ratio of 291.16, a P/E/G ratio of 0.93 and a beta of -0.32. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.25. Parsley Energy has a 1-year low of $21.12 and a 1-year high of $33.07.

Several analysts have commented on the company. National Alliance Securities assumed coverage on Parsley Energy in a research note on Friday. They set a “hold” rating and a $25.00 price objective for the company. Stifel Nicolaus reduced their price objective on Parsley Energy from $49.00 to $48.00 and set a “buy” rating for the company in a research note on Friday. Morgan Stanley increased their target price on Parsley Energy from $27.00 to $28.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 7th. SunTrust Banks reissued a “buy” rating and set a $31.00 target price on shares of Parsley Energy in a research note on Tuesday, February 6th. Finally, Piper Jaffray Companies reissued a “buy” rating and set a $38.00 target price on shares of Parsley Energy in a research note on Friday, February 2nd. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and twenty-one have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $36.00.

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About Parsley Energy

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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