Parsley Energy Inc. (NYSE:PE) stock went on an upward path that rose over 1.48% on Thursday, amounting to a one-week price decrease of more than -3.20%. Over the last 12 months, PE stock dropped by -5.95%. The one-year PE stock forecast points to a potential downside of -0.36, with the average price target set at $24.77 per share. The average equity rating for PE stock is currently 1.80, trading closer to a bullish pattern in the stock market.
The market cap for PE stock reached $5.75 billion, with 322.07 million shares outstanding and 268.69 million shares in the current float. Compared to the average trading volume of 6.24M shares, PE reached a trading volume of 5499894 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about Parsley Energy Inc. (PE):
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for PE shares is $24.27 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on PE stock is a recommendation set at 1.80. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Imperial Capital have made an estimate for Parsley Energy Inc. shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on January 15, 2020. While these analysts kept the previous recommendation, RBC Capital Mkts raised their target price to Outperform. The new note on the price target was released on January 13, 2020, representing the official price target for Parsley Energy Inc. stock. Previously, the target price had yet another raise to $24, while Mizuho analysts kept a Buy rating on PE stock. On September 10, 2019, analysts increased their price target for PE shares from 23 to 27.
The Average True Range (ATR) for Parsley Energy Inc. is set at 0.54, with the Price to Sales ratio for PE stock in the period of the last 12 months amounting to 3.04. The Price to Book ratio for the last quarter was 0.86. Price to Free Cash Flow for PE in the course of the last twelve months was 4.79 with Quick ratio for the last quarter at 0.60.
PE stock trade performance evaluation
Parsley Energy Inc. (PE) fell into the red zone at the end of the last week, falling into a negative trend and dropping by -3.20. With this latest performance, PE shares gained by 2.35% in over the last four-week period, additionally plugging by 8.78% over the last 6 months – not to mention a drop of -5.95% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for PE stock in for the last two-week period is set at 47.47, with the RSI for the last a single of trading hit 42.93, and the three-weeks RSI is set at 50.98 for Parsley Energy Inc. (PE). The present Moving Average for the last 50 days of trading for this stock 17.13, while it was recorded at 17.77 for the last single week of trading, and 17.64 for the last 200 days.
Parsley Energy Inc. (PE): An insightful look at the core fundamentals
Operating Margin for any stock indicates how profitable investing would be, and Parsley Energy Inc. (PE) shares currently have an operating margin of +34.03 and a Gross Margin at +45.17. Parsley Energy Inc.’s Net Margin is presently recorded at +20.21.
Return on Total Capital for PE is now 7.50, given the latest momentum, and Return on Invested Capital for the company is 5.04. Return on Equity for this stock inclined to 7.18, with Return on Assets sitting at 4.06. When it comes to the capital structure of this company, Parsley Energy Inc. (PE) has a Total Debt to Total Equity ratio set at 39.23. Additionally, PE Total Debt to Total Capital is recorded at 28.17, with Total Debt to Total Assets ending up at 23.26. Long-Term Debt to Equity for the company is recorded at 39.18, with the Long-Term Debt to Total Capital now at 28.14.
Reflecting on the efficiency of the workforce at the company, Parsley Energy Inc. (PE) managed to generate an average of $700,431 per employee. Receivables Turnover for the company is 10.72 with a Total Asset Turnover recorded at a value of 0.20. Parsley Energy Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.60 and a Current Ratio set at 0.60.
Earnings per share (EPS) analysis for Parsley Energy Inc. (PE) stock
With the latest financial reports released by the company, Parsley Energy Inc. posted 0.3/share EPS, while the average EPS was predicted by analysts to be reported at 0.34/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -11.80%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for PE. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Parsley Energy Inc. go to 22.00%.
Parsley Energy Inc. (PE): Insider Ownership positions
There are presently around $5,335 million, or 94.80% of PE stock, in the hands of institutional investors. The top three institutional holders of PE stocks are: VANGUARD GROUP INC with ownership of 27,371,919, which is approximately 1.548% of the company’s market cap and around 3.10% of the total institutional ownership; NUVEEN ASSET MANAGEMENT, LLC, holding 18,836,720 shares of the stock with an approximate value of $331.34 million in PE stocks shares; and BLACKROCK INC., currently with $318.07 million in PE stock with ownership of nearly 16.251% of the company’s market capitalization.
Positions in Parsley Energy Inc. stocks held by institutional investors increased at the end of November and at the time of the November reporting period, where 239 institutional holders increased their position in Parsley Energy Inc. (NYSE:PE) by around 36,869,159 shares. Additionally, 165 investors decreased positions by around 39,432,339 shares, while 46 investors held positions by with 226,988,872 shares. The mentioned changes placed institutional holdings at 303,290,370 shares, according to the latest SEC report filing. PE stock had 68 new institutional investments in for a total of 6,579,874 shares, while 55 institutional investors sold positions of 8,826,111 shares during the same period.