Parsley Energy Inc. [PE] has traded in a range of $3.92 to $20.13 in the last 1 year. As of this writing, the stock is at $10.02, up 4.05%. To check whether the stock’s short-term amount has a thrust, its good to check stock’s recent movement. Over the last week, PE shares are 1.62% up with the monthly amount drift of 4.70% and seems well in a long time frame.

On 24, September 2020, Parsley Energy Schedules Third Quarter 2020 Earnings Release and Conference Call. According to news published on Yahoo Finance, Parsley Energy, Inc. (NYSE: PE) plans to report third quarter 2020 financial results on Wednesday, October 28, 2020 after the close of trading on the New York Stock Exchange. The company will host its quarterly conference call at 10:00 AM ET (9:00 AM CT) on Thursday, October 29, 2020.

Analyst Birdseye View:

The most recent analyst activity for Parsley Energy Inc. [NYSE:PE] stock was on July 20, 2020, when it was Upgrade with a Strong buy rating from Raymond James, which also raised its 12-month price target on the stock from $12 to $16. Before that, on July 21, 2020, Piper Sandler Recapitulated an Overweight rating and elevated its amount target to $17. On June 17, 2020, R. F. Lafferty Initiated a Buy rating and boosted its price target on this stock to $15. On May 19, 2020, Morgan Stanley Upgrade an Overweight rating. On March 31, 2020, Stifel Upgrade a Buy rating and increased its price target to $13. On March 19, 2020, Credit Suisse Resumed an Outperform rating and boosted its amount on this stock to $13. On March 17, 2020, Raymond James Downgrade an Outperform rating.

In the past 52 weeks of trading, this stock has oscillated between a low of $3.92 and a peak of $20.13. Right now, the middling Wall Street analyst 12-month amount mark is $15.00. At the most recent market close, shares of Parsley Energy Inc. [NYSE:PE] were valued at $10.02. According to the average price forecast, investors can expect a potential return of -4.2%.

FUNDAMENTAL ANALYSIS

Parsley Energy Inc. [NYSE:PE] most recently reported quarterly sales of 220.21 billion, which represented growth of -55.80%. This publicly-traded organization’s revenue is $3,949,222 per employee, while its income is $353,250 per employee. This company’s Gross Margin is currently 81.10%, its Pretax Margin is +13.88, and its Net Margin is +8.94. Continuing to look at profitability, this corporation’s Return on Assets, Equity, Whole Principal & invested Principal is sitting at 1.82, 3.09, 6.43 and 2.22 respectively.

The Principal structure of this organization shows its whole liability to whole principal at 28.69 and the whole liability to whole assets at 23.50. It shows enduring liability to the whole principal at 27.91 and enduring liability to assets at 0.23 while looking for an extended time period.

Readers are usually of view to make a close observation to the indicators that support and make resistance before moving to any particular stock. As of now, the company’s stock is sitting at 9.64 points at 1st support level, the second support level is making up to 9.27. But as of 1st resistance point, this stock is sitting at 10.45 and at 10.89 for 2nd resistance point.

Parsley Energy Inc. [PE] reported its earnings at $0.03 per share in the fiscal quarter closing of 6/29/2020. The Analysts for Wall Street were expecting to report its earnings at -$0.12/share signifying the difference of 0.15 and 125.00% surprise value. Comparing the previous quarter ending of 3/30/2020, the stated earnings were $0.29 calling estimates for $0.24/share with the difference of 0.05 depicting the surprise of 20.80%.

Important Ratio’s To Watch

Meanwhile, turning our focus to liquidity, the Current Ratio for Parsley Energy Inc. [NYSE:PE] is 0.50. Likewise, the Quick ratio is also the same, showing Cash ratio at 0.03. Now if looking for a valuation of this stock’s amount to sales ratio it’s 2.70 and it’s amount to book ratio is 0.92.

Insider Stories

The most recent insider trade was by Sheffield Bryan, See Remarks, and it was the sale of 0.3 million shares on Aug 20. Sheffield Bryan, the See Remarks, completed a sale of 0.3 million shares on Aug 19. On Aug 18, Sheffield Bryan, See Remarks, completed a sale of 0.3 million shares.