Parsley Energy, Inc. (NYSE:PE) has a beta value of 2.12 and has seen 1,194,939 shares traded in the recent trading session. The company, currently valued at $4.37 Billion, closed the recent trade at $10.61 per share which meant it lost $0 on the day or -0.14% during that session. The PE stock price is -96.04% off its 52-week high price of $20.8 and 63.05% above the 52-week low of $3.92. If we look at the company’s 10-day average daily trading volume, we find that it stood at 8.88 Million shares traded. The 3-month trading volume is 12.16 Million shares.
The consensus among analysts is that Parsley Energy, Inc. (PE) is a Buy stock at the moment, with a recommendation rating of 1.8. None of the analysts rate the stock as a Sell, while 3 rate it as Overweight. 2 out of 35 have rated it as a Hold, with 30 advising it as a Buy. None have rated the stock as Underweight. The expected earnings per share for the stock is -$0.14.
Parsley Energy, Inc. (NYSE:PE) trade information
Despite being -1.04% in the red today, the stock has traded in the green over the last five days, with the highest price hit on Wednesday, Jun 24 when the PE stock price touched $11.21- or saw a rise of 7.23%. Year-to-date, Parsley Energy, Inc. shares have moved -45%, while the 5-day performance has seen it change -8.21%. Over the past 30 days, the shares of Parsley Energy, Inc. (NYSE:PE) have changed 13.79%. Short interest in the company has seen 26.59 Million shares shorted with days to cover at 2.19.
Parsley Energy, Inc. (PE) estimates and forecasts
Figures show that Parsley Energy, Inc. shares have underperformed across the wider relevant industry. The company’s shares have lost -43.61% over the past 6 months, with this year growth rate of -93.75%, compared to -30.8% for the industry. Other than that, the company has, however, lowered its growth outlook for the 2020 fiscal year revenue. Growth estimates for the current quarter are -143.8% and -106.9% for the next quarter. Revenue growth from the last financial year stood is estimated to be -12.1%.
21 analysts offering their estimates for the company have set an average revenue estimate of $317.33 Million for the current quarter. 21 have an estimated revenue figure of $401.26 Million for the next quarter concluding in September 01, 2020. Year-ago sales stood $498.54 Million and $510.15 Million respectively for this quarter and the next, and analysts expect sales will grow by -36.3% for the current quarter and -21.3% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was +20% over the past 5 years. Earnings growth for 2020 is a modest -53.8% while over the next 5 years, the company’s earnings are expected to increase by 19.16%.
Parsley Energy, Inc. is expected to release its next earnings report between August 04 and August 10 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 0.2 at a share yield of 1.88%.
Parsley Energy, Inc. (NYSE:PE)’s Major holders
Insiders own 20.85% of the company shares, while shares held by institutions stand at 72.57% with a share float percentage of 91.69%. Investors are also buoyed by the number of investors in a company, with Parsley Energy, Inc. having a total of 499 institutions that hold shares in the company. The top two institutional holders are Vanguard Group, Inc. (The) with over 28.38 Million shares worth more than $162.6 Million. As of March 30, 2020, Vanguard Group, Inc. (The) held 7.52% of shares outstanding.
The other major institutional holder is Citadel Advisors LLC, with the holding of over 14.03 Million shares as of March 30, 2020. The firm’s total holdings are worth over $80.37 Million and represent 3.71% of shares outstanding.