Parsley Energy, Inc. (PE): Looking For The Expansion

Wall Street analysts will be watching closely when Parsley Energy, Inc. (NYSE:PE) reports its quarterly earnings next, which is scheduled for Thu 21 Feb (In 9 Days). Looking at the latest analyst forecasts, the current earnings-per-share (EPS) consensus estimate is sitting at $0.25 per share. In the preceding quarter, the company reportedly generated EPS of $0.45 per share of its common stock. Looking at profitability indicators, this organization has an operating margin of 40.70%, a profit margin of 21.70% and a gross margin of 86.10%.

Speaking of Wall Street analysts, a number of market experts at top investment banks have recently posted their updated ratings on shares of Parsley Energy, Inc. (NYSE:PE). Most recently, on January 30th, 2019, Mizuho Initiated a Neutral rating. Before that, on January 29th, 2019, Stephens Upgrade to Overweight. Barclays Initiated a Overweight rating on January 16th, 2019, Imperial Capital Reiterated an Outperform rating on January 4th, 2019, and Citigroup Upgrade a Buy rating on December 21st, 2018.

At its current price point, combined with the fact that this company has 320.91M shares outstanding, the current market capitalization sits at 5.74B. In the last trading day, 7,704,105 shares of Parsley Energy, Inc. were traded, which compares to its usual volume of about 6.48M shares per day of trading.

If we compare this company’s current price to its recent pricing activity, we can see that the price has changed by -$0.49 in the past five trading days, resulting in a percentage change of -2.67% and a moving average of 17.96. In the past 20 days, its price changed by -$0.57 (which is -3.09%) and the stock’s moving average was 18.43. Looking back a full 50 days, shares of PE changed by -$2.88 (which is -13.87%) and demonstrated a moving average of 17.85.

Staying in the same analytical area, this company’s stock has demonstrated a 9-day Stochastic %K score of 32.64%, a 14-day Stochastic %K score of 32.64% and a 20-day Stochastic %K score of 27.13%. Using a similar metric, Parsley Energy, Inc. (PE) shares showed a Stochastic %D of 28.68% over the past 9 days, a Stochastic %D score of 26.89% over the last 14 days, and a 20-day Stochastic %D of 23.46%. Meanwhile, this stock’s MACD Oscillator was -0.39 over the past 9 days, -0.41 over the past two weeks, and -0.57 in the last 20 days.

As recent trading data suggests, this company’s shares have been hovering close to the $17.89 level. Over the past 12 months, this stock has experienced a high price of $33.43 and a low of $14.17. Top market experts pay heightened attention to a stock as it is getting closer to a notable historic high price or low price.

The Vanguard Group Inc purchased more shares of this company during the last fiscal quarter, as we can observe in the latest corresponding filing from Parsley Energy, Inc. (NYSE:PE) with the Securities and Exchange Commission (SEC). This specific major shareholder, at the end of the quarter, held 23,249,246 shares of the company’s stock following the addition of 895,282 to this investor’s holdings during the three-month period. This share count represents that The Vanguard Group Inc now held 8.30% stake in Parsley Energy, Inc. (PE)’s shares.

Just in the most recent trading day, Parsley Energy, Inc. (NYSE:PE) experienced a high price of $18.58 and low point of $17.76. At the end of the last trading session, this stock was at 17.89 per share, following a gain of $0.34, or -0.83% during the full day.