Parsley Energy (NYSE:PE) Target Raised by UBS Group AG to $22.00

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Parsley Energy stock has undergone multiple analysts rating changes in the recent past.  Parsley Energy stock Target Raised by   UBS Group AG on 6/29/2020. In a note to investors, the firm issued a new target price of $22.00. The analysts previously had $13.00 target price. UBS Group AG’s price target would indicate a potential upside of 108.73% from the stock’s previous close.

Shares of Parsley Energy traded down -$0.03 on Monday, reaching $10.59. 0 shares of the stock traded hands, compared to its average volume of 10448268. Shares of were trading at $10.59 on Monday. The firm’s 50 day moving average is $$9.81 and its 200 day moving average is $13.43.Parsley Energy  has a 12 month low of $10.37 and a 12 month high of $20.80. While on yearly highs and lows, Parsley Energy today has traded high as $10.81 and has touched $10.37 on the downward trend.

Parsley Energy Earnings and What to expect: 

Parsley Energy last posted its quarterly earnings results on May 4th, 2020. The oil and natural gas company reported $0.29 EPS for the quarter, beating analysts’ consensus estimates of $0.24 by $0.05. The business had revenue of $564.80 million for the quarter, compared to the consensus estimate of $597.35 million. Its revenue was up 32.1% compared to the same quarter last year. Parsley Energy has generated $1.12 earnings per share over the last year. Parsley Energy has not formally confirmed its next earnings publication date, but the company’s estimated earnings date is Tuesday, August 4th, 2020 based off prior year’s report dates.

Earnings for Parsley Energy are expected to grow by 66.67% in the coming year, from $0.06 to $0.10 per share. The P/E ratio of Parsley Energy is -1.25, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. The P/E ratio of Parsley Energy is -1.25, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. Parsley Energy has a PEG Ratio of 5.03. PEG Ratios above 1 indicate that a company could be overvalued. Parsley Energy has a P/B Ratio of 0.51. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Latest Insiders Trading and Volume : 

  • Insider Ownership Percentage: 19.42%
  • On 3/6/2020 Director Ron Brokmeyer Buy 1,800 at average share price of $6.40 which equates to $11,520.00 in money value.
  • On 2/27/2020 Director A R Alameddine Buy 10,000 at average price of  $13.24 with total value of : Not Data Available
  • On 12/6/2019 Insider Colin Roberts Sell 10,000 at average price of  $16.36 with total value of : $163,600.00
  • See More Analyst Rating at: RATING

Other Analyst’s rating for Parsley Energy

  • 6/25/2020 – Parsley Energy had its price target raised by analysts at Wells Fargo & Co from $15.00 to $16.00. They now have an “overweight” rating on the stock.
  • 6/19/2020 – Parsley Energy had its price target raised by analysts at Mizuho from $13.00 to $16.00.
  • 6/17/2020 – Parsley Energy is now covered by analysts at R. F. Lafferty. They set a “buy” rating and a $15.00 price target on the stock.
  • 6/11/2020 – Parsley Energy had its price target raised by analysts at KeyCorp from $13.00 to $14.00. They now have an “overweight” rating on the stock.
  • See More Analyst Rating at: RATING

Other rating updates by UBS Group AG: 

  • 6/29/2020 – Suncor Energy had its price target raised by analysts at UBS Group AG from $24.50 to $42.00. They now have a “buy” rating on the stock.
  • 6/29/2020 – Media General had its price target raised by analysts at UBS Group AG to $4.00. They now have a “neutral” rating on the stock.
  • 6/29/2020 – Cenovus Energy had its price target raised by analysts at UBS Group AG from $2.70 to $6.00. They now have a “neutral” rating on the stock.
  • 6/29/2020 – Canadian Natural Resources had its price target raised by analysts at UBS Group AG from $28.00 to $37.00. They now have a “buy” rating on the stock.
  • See More Analyst Rating at: RATING

Parsley Energy (NYSE:PE) Moving Average Technical Analysis

5 day Moving Average is $$10.83 And 5 day price change is -$0.46 (-4.16%)  with average volume for 5 day average is 9,349,120. While technical analysis for average 20 days shows significant difference, 20 day moving average is  $11.18 and 20 day price change is $1.12 (11.83%) and average 20 day moving volume is 10,804,271. 50 day moving average is $9.81  and 50 day price change is $3.70 ( 53.70%)  and with average volume for 50 days is : 11,371,210. 200 day moving average is $13.43  and 200 day price change is -$7.72 (-42.16%)  and with average volume for 200 days is : 8,910,208.

See More Analyst Rating at: RATING