In recent trading session, Parsley Energy, Inc. (NYSE:PE) saw 3,194,524 shares changing hands with its beta currently measuring 2.21. Company’s recent per share price level of $8.97 trading at $0.08 or 0.9% at recent trade assigns it a market valuation of $3.73 Billion. That current trading price of PE’s stock is at a discount of -124.3% from its 52-week high price of $20.12 and is indicating a premium of 56.3% from its 52-week low price of $3.92. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 8.16 Million shares which gives us an average trading volume of 7.57 Million if we extend that period to 3-months.
Parsley Energy, Inc. (NYSE:PE) trade information
Upright in the green today for gaining 0.9%, in the last five days PE remained trading in the green while hitting it’s week-highest on Friday, Sep 18 when the stock touched $10.31- price level, adding 13.97% to its value on the day. Parsley Energy, Inc.’s shares saw a change of -53.09% in year-to-date performance and have moved -13.21% in past 5-day. Parsley Energy, Inc. (NYSE:PE) showed a performance of -19.07% in past 30-days. Number of shares sold short was 29.83 Million shares which calculate 3.94 days to cover the short interests.
Parsley Energy, Inc. (PE) estimates and forecasts
Statistics highlight that Parsley Energy, Inc. is scoring comparatively lower than the scores of other players of the relevant industry. The company added +55.69% of value to its shares in past 6 months, showing an annual growth rate of -44.64% while that of industry is -38.5. Apart from that, the company came lowering its revenue forecast for fiscal year 2020. The company is estimating its revenue growth to decline by -37.9% in the current quarter and calculating -10.7% decline in the next quarter. This year revenue growth is estimated to drop -13.4% from the last financial year’s standing.
20 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $438.02 Million for the same. And 20 analysts are in estimates of company making revenue of $467.66 Million in the next quarter that will end in December 01, 2020. Company posted $510.15 Million and $522.45 Million of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to drop by -14.1% while estimating it to be -10.5% for the next quarter.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 20% during past 5 years. In 2020, company’s earnings growth rate is likely to be around -53.8% while estimates for its earnings growth in next 5 years are of 5%
Parsley Energy, Inc. is more likely to be releasing its next quarterly report between November 03 and November 09, 2020, and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt. With an annual yield of 2.09%, the share has a forward dividend of 0.2 which implies that company’s dividend yield remained growing in trailing twelve months.
Parsley Energy, Inc. (NYSE:PE)’s Major holders
Insiders are in possession of 20.85% of company’s total shares while institution are holding 72.57% percent of that, with stock having share float percentage of 91.69%. Investors also watch the number of corporate investors in a company very closely, which is 499 institutions for Parsley Energy, Inc. that are currently holding shares of the company. Vanguard Group, Inc. (The) is the top institutional holder at PE for having 28.14 Million shares of worth $300.58 Million. And as of June 29, 2020, it was holding 7.45% of the company’s outstanding shares.
The second largest institutional holder is Invesco Ltd., which was holding about 16.87 Million shares on June 29, 2020. The number of shares represents firm’s hold over 4.47% of outstanding shares, having a total worth of $180.13 Million.
On the other hand, Vanguard Total Stock Market Index Fund and Vanguard Small-Cap Index Fund are the top two Mutual Funds which own company’s shares. As of June 29, 2020, the former fund manager was holding 8662207 shares of worth $92.51 Million or 2.29% of the total outstanding shares. The later fund manager was in possession of 7.55 Million shares on June 29, 2020, making its stake of worth around $80.65 Million in the company or a holder of 2% of company’s stock.