Parsley Energy (NYSE:PE) shares traded 1% up during most recent session to reach at the closing price of $32.23. The stock exchanged hands 4.42 Million shares versus average trading capacity of 4.76 Million shares, yielding a market cap of $9.23 Billion. Wall Street analysts covering the stock are projecting that the stock will reach $45.03 within the next 52-weeks. The mean target projections are based on 29 opinions.

Taking a broader look brokerage firms’ analysts on the street with an expectant view have Parsley Energy (NYSE:PE) high price target of $57 and with a conservative view have low price target of $36.

Drexel Hamilton “Initiates Coverage On” Parsley Energy (NYSE:PE) in a research note issued to investors on 12/16/16 to Buy with price target of $44.

Additionally on 11/22/16 KeyBanc “Maintained” Parsley Energy (NYSE:PE) to Overweight setting price target at $44 and on 10/12/16 Macquarie “Downgrades” the stock to Neutral. Furthermore on 9/13/16 FBR Capital “Initiates Coverage on” the stock to Outperform at $41.

On the other hand the company has Relative Strength Index (RSI 14) of 59.02 along with Average True Range (ATR 14) of 1.03, Consequently Parsley Energy (NYSE:PE)’s weekly and monthly volatility is 2.48%, 3.16% respectively. The company’s beta value is at 0.

In terms of Buy, Sell or Hold recommendations, Parsley Energy (NYSE:PE) has analysts’ mean recommendation of 1.9. This is according to a simplified 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell.

According to analysts Parsley Energy (NYSE:PE)’s estimated EPS can go high up to $0.21. The consensus mean EPS for the current quarter is at $0.13 derived from a total of 27 estimates from the analysts who have weighed in on projected earnings. However the company reported $0.04 earnings per share for the same quarter during last year.

Previously Parsley Energy (NYSE:PE) reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.06. The company posted an earnings surprise of 66.7%.

Parsley Energy (NYSE:PE)’s revenue estimates for the current quarter are $233.89 Million according to 18 number of analysts, for the current quarter the company has high revenue estimates of $254.71 Million in contradiction of low revenue estimates of $224 Million. For the current year the company’s revenue estimates are $1.06 Billion compared to low analyst estimates of $969.03 Million and high estimates of $1.26 Billion according to 22 number of analysts.

Currently Parsley Energy (NYSE:PE)’s shares owned by insiders are 6%, whereas shares owned by institutional owners are 70.8%. However the six-month change in the insider ownership was recorded -11.17%, as well as three-month change in the institutional ownership was recorded 4.71%.

Parsley Energy (NYSE:PE) 52-week high price stands at $39.82 and low price stands at $24.12, its price distance from 52-week high is -19.06% while its distance from 52-week low price is 33.62%. The stock hit its 52-week high on 12/01/16, and 52-week low on 06/27/16.

Parsley Energy (NYSE:PE)’s trailing twelve month revenues are $596.4 Million, whereas its price to sales ratio for the same period is 14.87. Its book value per share for the most recent quarter is $18.57 while its price to book ratio for the same period is 1.74, as for as the company’s cash per share for the most recent quarter is $6.97, however its price to cash per share ratio for the same period is 4.63. The stock has 5 year expected PEG ratio of 0 whereas its trailing twelve month P/E ratio is 0.