Parsley Energy Inc. [PE] is -38.13% lower this YTD. Is it still time to buy?

Parsley Energy Inc. [NYSE: PE] gained 5.60% on the last trading session, reaching $11.70 price per share at the time. Parsley Energy Inc. represents 366.06 million in outstanding shares, while the company has a total market value of $4.66 billion with the latest information. PE stock price has been found in the range of $11.25 to $11.90.

If compared to the average trading volume of 12.77M shares, PE reached a trading volume of 11268924 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about Parsley Energy Inc. [PE]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for PE shares is $13.15 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on PE stock is a recommendation set at 1.80. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Morgan Stanley have made an estimate for Parsley Energy Inc. shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on May 19, 2020. While these analysts kept the previous recommendation, Stifel raised their target price from $11 to $13. The new note on the price target was released on March 31, 2020, representing the official price target for Parsley Energy Inc. stock. Previously, the target price had yet another raise to $13, while Credit Suisse analysts kept a Outperform rating on PE stock.

The Average True Range (ATR) for Parsley Energy Inc. is set at 0.81, with the Price to Sales ratio for PE stock in the period of the last 12 months amounting to 2.22. The Price to Book ratio for the last quarter was 1.03. Price to Free Cash Flow for PE in the course of the last twelve months was 3.23 with Quick ratio for the last quarter at 0.80.

Trading performance analysis for PE stock

Parsley Energy Inc. [PE] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -4.02. With this latest performance, PE shares gained by 33.71% in over the last four-week period, additionally sinking by -31.74% over the last 6 months – not to mention a drop of -33.45% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for PE stock in for the last two-week period is set at 61.77, with the RSI for the last a single of trading hit 60.31, and the three-weeks RSI is set at 59.25 for Parsley Energy Inc. [PE]. The present Moving Average for the last 50 days of trading for this stock 9.10, while it was recorded at 11.16 for the last single week of trading, and 13.74 for the last 200 days.

Parsley Energy Inc. [PE]: A deeper dive into fundamental analysis

Operating Margin for any stock indicates how profitable investing would be, and Parsley Energy Inc. [PE] shares currently have an operating margin of +28.47 and a Gross Margin at +36.71. Parsley Energy Inc.’s Net Margin is presently recorded at +8.94.

Return on Total Capital for PE is now 6.43, given the latest momentum, and Return on Invested Capital for the company is 2.22. Return on Equity for this stock inclined to 3.09, with Return on Assets sitting at 1.82. When it comes to the capital structure of this company, Parsley Energy Inc. [PE] has a Total Debt to Total Equity ratio set at 40.24. Additionally, PE Total Debt to Total Capital is recorded at 28.69, with Total Debt to Total Assets ending up at 23.50. Long-Term Debt to Equity for the company is recorded at 39.14, with the Long-Term Debt to Total Capital now at 27.91.

Reflecting on the efficiency of the workforce at the company, Parsley Energy Inc. [PE] managed to generate an average of $353,250 per employee. Receivables Turnover for the company is 9.41 with a Total Asset Turnover recorded at a value of 0.20.Parsley Energy Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.80 and a Current Ratio set at 0.80.

Parsley Energy Inc. [PE]: An earnings per share (EPS) analysis

With the latest financial reports released by the company, Parsley Energy Inc. posted 0.32/share EPS, while the average EPS was predicted by analysts to be reported at 0.32/share. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for PE. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Parsley Energy Inc. go to 19.16%.

An analysis of insider ownership at Parsley Energy Inc. [PE]

There are presently around $3,156 million, or 77.90% of PE stock, in the hands of institutional investors. The top three institutional holders of PE stocks are: VANGUARD GROUP INC with ownership of 28,377,435, which is approximately 4.356% of the company’s market cap and around 3.10% of the total institutional ownership; CITADEL ADVISORS LLC, holding 14,025,815 shares of the stock with an approximate value of $155.41 million in PE stocks shares; and GOLDMAN SACHS GROUP INC, currently with $155.06 million in PE stock with ownership of nearly 333.449% of the company’s market capitalization.

200 institutional holders increased their position in Parsley Energy Inc. [NYSE:PE] by around 64,730,022 shares. Additionally, 243 investors decreased positions by around 82,918,644 shares, while 26 investors held positions by with 137,144,350 shares. The mentioned changes placed institutional holdings at 284,793,016 shares, according to the latest SEC report filing. PE stock had 61 new institutional investments in for a total of 6,823,459 shares, while 124 institutional investors sold positions of 25,963,508 shares during the same period.

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