Economy

Parsley Energy, Inc. (NYSE:PE) Overpriced or Underpriced?

The company has market cap of $2.32 million. (PE). These ratios are important while doing valuation of the company or the shares of the company. The firm operates in four divisions: BioStim, Biologics, Extremity Fixation and Spine Fixation. The oil and natural gas company reported $0.05 earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $0.11 by ($0.06). OFIX's profit will be $7.45M for 29.78 P/E if the $0.41 EPS becomes a reality. In the last earnings report the EPS was $0.18 and is expected to be $0.48 for the current year with 247,647,000 shares presently outstanding.

Krensavage Asset Management Llc holds 8.24% of its portfolio in Orthofix International NV for 583,807 shares. Tobam owns 938,379 shares or 0.97% of their USA portfolio. Moreover, Segall Bryant & Hamill Llc has 0.9% invested in the company for 823,096 shares. Winfield Assoc Incorporated accumulated 83 shares or 0% of the stock.

Managed Asset Portfolios Llc holds 8.03% of its portfolio in Bob Evans Farms Inc for 338,848 shares. Orthofix International NV (OFIX) has declined 3.00% since October 13, 2016 and is downtrending. Zacks' EPS averages are a mean average based on a survey of research analysts that that provide coverage for Parsley Energy. The company has market cap of $8.45 billion. The Company focuses on the acquisition, development and exploitation of unconventional oil and natural gas reserves in the Permian Basin. Jefferies Group also issued estimates for Noble Energy's Q3 2017 earnings at ($0.13) EPS, Q4 2017 earnings at $0.00 EPS, FY2017 earnings at ($0.08) EPS, Q1 2018 earnings at $0.02 EPS, Q2 2018 earnings at $0.02 EPS, Q3 2018 earnings at $0.10 EPS, Q4 2018 earnings at $0.10 EPS, FY2018 earnings at $0.24 EPS, Q1 2019 earnings at $0.16 EPS, Q2 2019 earnings at $0.18 EPS, Q3 2019 earnings at $0.22 EPS and FY2019 earnings at $0.81 EPS. Its down 0.49, from 1.89 in 2017Q1. It dived, as 36 investors sold Parsley Energy Inc shares while 92 reduced holdings.

Hedge funds and other institutional investors have recently made changes to their positions in the company. 437.54 million shares or 6.75% more from 409.88 million shares in 2017Q1 were reported. Stifel stated it has 44,145 shares or 0% of all its holdings. Janus Capital Management LLC now holds 1,227,800 shares with a value of $39,916,000. 37,216 were reported by Zurcher Kantonalbank (Zurich Cantonalbank).

Cue Finance Grp Incorporated invested in 18,910 shares. Tortoise Advisors Lc holds 0.01% or 48,654 shares in its portfolio. Redwood Invests Ltd Liability Corporation reported 0.94% in Parsley Energy Inc (NYSE:PE). Sir Capital Ltd Partnership stated it has 249,500 shares. First Personal reported 1,893 shares. Brown Advisory reported 0% stake. Majedie Asset Management Ltd sold 16,050 shares as Noble Energy Inc (NBL)'s stock declined 15.68%. Finally, Royal Bank of Canada reiterated a "buy" rating and issued a $41.00 target price on shares of Parsley Energy in a research note on Tuesday, March 14th. Great West Life Assurance Can invested in 0% or 63,319 shares. 1832 Asset Mngmt L P invested in 309,100 shares. Alphamark Advsrs Limited Liability has 27 shares. Ancora Advisors Llc, a Us-based fund reported 87,719 shares. Roberts Colin also sold $102,000 worth of Parsley Energy Inc (NYSE:PE) on Thursday, June 1. Dalton Ryan had sold 30,000 shares worth $976,800. $53.03 million worth of stock was sold by Sheffield Bryan on Wednesday, May 10. About shares traded. Bob Evans Farms Inc (BOBE) has risen 55.35% since October 13, 2016 and is uptrending. After $0.05 actual EPS reported by Noble Energy, Inc. for the previous quarter, Wall Street now forecasts -340.00% negative EPS growth. Therefore 89% are positive. Cowen and Company set a $35.00 price target on shares of Noble Energy and gave the company a buy rating in a report on Tuesday, July 18th. The firm has "Sector Perform" rating by Iberia Capital Partners given on Thursday, November 12. The firm has "Neutral" rating given on Monday, August 24 by Bank of America. RBC Capital Markets maintained it with "Buy" rating and $4800 target in Wednesday, July 5 report. Scotiabank set a $38.00 price target on Parsley Energy and gave the stock a "buy" rating in a research report on Saturday, July 1st. JP Morgan maintained the shares of PE in report on Tuesday, September 26 with "Overweight" rating. The stock of Parsley Energy Inc (NYSE:PE) earned "Buy" rating by UBS on Friday, August 26. The firm has "Outperform" rating given on Friday, August 21 by Credit Suisse.

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