Pictet Asset Management Ltd. grew its holdings in shares of Parsley Energy, Inc. (NYSE:PE) by 3.6% in the third quarter, according to its most recent filing with the SEC. The firm owned 77,300 shares of the oil and natural gas company’s stock after acquiring an additional 2,700 shares during the quarter. Pictet Asset Management Ltd.’s holdings in Parsley Energy were worth $2,036,000 as of its most recent SEC filing.
A number of other hedge funds have also made changes to their positions in PE. Apollo Management Holdings L.P. acquired a new position in Parsley Energy during the 2nd quarter worth $414,418,000. Victory Capital Management Inc. boosted its position in Parsley Energy by 250.9% during the 2nd quarter. Victory Capital Management Inc. now owns 7,264,371 shares of the oil and natural gas company’s stock worth $201,586,000 after acquiring an additional 5,194,292 shares during the period. FMR LLC boosted its position in Parsley Energy by 40.2% during the 2nd quarter. FMR LLC now owns 10,091,313 shares of the oil and natural gas company’s stock worth $280,034,000 after acquiring an additional 2,893,045 shares during the period. Third Point LLC boosted its position in Parsley Energy by 80.0% during the 2nd quarter. Third Point LLC now owns 4,500,000 shares of the oil and natural gas company’s stock worth $124,875,000 after acquiring an additional 2,000,000 shares during the period. Finally, JPMorgan Chase & Co. boosted its position in Parsley Energy by 263.3% during the 2nd quarter. JPMorgan Chase & Co. now owns 2,335,311 shares of the oil and natural gas company’s stock worth $64,805,000 after acquiring an additional 1,692,425 shares during the period. Institutional investors own 78.49% of the company’s stock.
Parsley Energy, Inc. (NYSE:PE) opened at $26.77 on Tuesday. The firm has a market capitalization of $8,545.34, a price-to-earnings ratio of 71.53, a P/E/G ratio of 3.12 and a beta of -0.05. Parsley Energy, Inc. has a 52-week low of $22.98 and a 52-week high of $39.82. 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 (NYSE:PE) last posted its quarterly earnings results on Tuesday, November 7th. The oil and natural gas company reported $0.12 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.02. Parsley Energy had a return on equity of 1.87% and a net margin of 3.22%. The firm had revenue of $241.02 million for the quarter, compared to analyst estimates of $234.58 million. During the same period in the previous year, the firm earned $0.05 earnings per share. Parsley Energy’s quarterly revenue was up 81.8% on a year-over-year basis. equities analysts predict that Parsley Energy, Inc. will post 0.47 EPS for the current fiscal year.
A number of research firms have recently commented on PE. Barclays PLC dropped their price objective on Parsley Energy from $32.00 to $30.00 and set an “overweight” rating on the stock in a research note on Tuesday, August 8th. KeyCorp reissued a “buy” rating and issued a $39.00 price objective on shares of Parsley Energy in a research note on Tuesday, September 19th. Imperial Capital began coverage on Parsley Energy in a research note on Tuesday, August 15th. They issued an “outperform” rating and a $36.00 price objective on the stock. US Capital Advisors reissued an “overweight” rating on shares of Parsley Energy in a research note on Monday, October 2nd. Finally, Piper Jaffray Companies reissued a “buy” rating on shares of Parsley Energy in a research note on Sunday, September 24th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and twenty-three have assigned a buy rating to the company. Parsley Energy presently has an average rating of “Buy” and an average target price of $40.36.
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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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