US Capital Advisors Analysts Lower Earnings Estimates for Parsley Energy, Inc. (PE)

Elias Hubbard
December 11, 2017

Waratah Capital Advisors Ltd. boosted its stake in shares of Parsley Energy by 56.4% in the first quarter. US Capital Advisors analyst C. Horwitz now anticipates that the oil and natural gas company will post earnings of $0.21 per share for the quarter, down from their previous forecast of $0.24. Parsley Energy, Inc. (NYSE:PE) has risen 26.09% since December 8, 2016 and is uptrending. Teachers Advisors LLC now owns 3,596,898 shares of the oil and natural gas company's stock valued at $116,935,000 after buying an additional 548,404 shares during the period.

About Parsley Energy Parsley Energy, Inc is a holding company. It has outperformed by 9.39% the S&P500. Finally, ValuEngine downgraded shares of Parsley Energy from a "hold" rating to a "sell" rating in a research note on Friday, September 1st. Therefore 89% are positive. Barclays set a $32.00 price objective on shares of Parsley Energy and gave the company a "buy" rating in a report on Wednesday, October 11th. The rating was maintained by RBC Capital Markets on Thursday, July 20 with "Buy". The stock of Parsley Energy, Inc. The rating was maintained by M Partners with "Neutral" on Thursday, February 25. On Monday, August 22 the stock rating was maintained by KeyBanc Capital Markets with "Overweight". The firm has "Underweight" rating given on Thursday, November 2 by Morgan Stanley. As per Tuesday, November 14, the company rating was maintained by BMO Capital Markets. The rating was maintained by Oppenheimer on Wednesday, August 12 with "Outperform". Seaport Global Securities upgraded shares of Parsley Energy from a "neutral" rating to a "buy" rating and raised their target price for the company from $30.00 to $32.00 in a research note on Friday, August 11th. The stock has "Hold" rating by Williams Capital Group on Monday, August 29.

Among 9 analysts covering Aqua America Inc. The company has market cap of $5.72 billion. The firm provides deals in various categories, including events and activities, beauty and spa, health and fitness, food and drink, home and garden, and automotive; and deals on various product lines, such as electronics, sporting goods, jewelry, toys, household items, and apparel, as well as provides discounted and market rates for hotel, airfare, and package deals.

The stock increased 0.93% or $0.35 during the last trading session, reaching $38.18. The company had a trading volume of 3,970,748 shares. It has underperformed by 19.05% the S&P500.

Investors sentiment decreased to 1.4 in Q2 2017. Its down 0.49, from 1.89 in 2017Q1. Metropolitan Life Insurance Co. It also increased its holding in Halliburton Co (Call) (NYSE:HAL) by 481,558 shares in the quarter, for a total of 1.80 million shares, and has risen its stake in Tenaris S A (NYSE:TS). Ww Asset Management reported 9,666 shares. Daiwa Securities Group Inc. now owns 6,600 shares of the oil and natural gas company's stock worth $183,000 after purchasing an additional 900 shares during the period. Carmignac Gestion reported 340,000 shares stake. (NASDAQ:GRPN). Cornerstone Capital Management Hldgs Ltd Limited Liability Company owns 324,855 shares. Carroll Financial Assocs, North Carolina-based fund reported 1,100 shares. The oil and natural gas company reported $0.12 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $0.10 by $0.02. Segall Bryant & Hamill Ltd Liability Com stated it has 53,880 shares. (NASDAQ:GRPN). The New York-based Goldman Sachs Gru Inc has invested 0% in Groupon, Inc. Following the purchase, the director now owns 94,888 shares in the company, valued at $3,003,205.20.

US Capital Advisors also issued estimates for Parsley Energy's Q1 2018 earnings at $0.38 EPS, Q2 2018 earnings at $0.42 EPS, Q3 2018 earnings at $0.47 EPS, Q4 2018 earnings at $0.49 EPS, FY2018 earnings at $1.76 EPS, Q2 2019 earnings at $0.59 EPS and Q3 2019 earnings at $0.63 EPS. Its down 0.49, from 1.89 in 2017Q1. It turned negative, as 36 investors sold PE shares while 92 reduced holdings.

A number of hedge funds have recently made changes to their positions in PE. (NYSE:PE). Nordea Investment Ab has 5,795 shares. (NYSE:PE). Invesco Limited has invested 0.04% in Parsley Energy, Inc. (NYSE:PE). Pnc Fincl Services Gp holds 0% of its portfolio in Parsley Energy, Inc. Barclays PLC reaffirmed an "overweight" rating and set a $37.00 price objective (down previously from $41.00) on shares of Parsley Energy in a report on Saturday, April 22nd. (NYSE:PE) for 590,990 shares. Boston Ptnrs stated it has 12.80M shares. State Bank Of Montreal Can accumulated 446,644 shares or 0.01% of the stock. 57,392 are owned by Sumitomo Mitsui Asset Limited. Employees Retirement Association Of Colorado reported 27,664 shares. Three Peaks Capital Management Ltd Liability owns 0.24% invested in Parsley Energy, Inc. Motco accumulated 0.57% or 162,980 shares. Qs reported 18,319 shares or 0% of all its holdings. Wolverine Asset Mgmt Limited Com reported 0.01% stake.

Analysts await Parsley Energy, Inc. Scotiabank set a $45.00 target price on Parsley Energy and gave the company a "buy" rating in a report on Saturday, February 25th. During the same quarter in the prior year, the business posted $0.05 earnings per share.

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