Siebert Williams (NYSE:WMB) Shank & Co analyst Gabriele Sorbara maintained a Buy rating on Parsley Energy (NYSE:PE) on Thursday, setting a price target of $18, which is approximately 60.00% above the present share price of $11.25.
Sorbara expects Parsley Energy to post earnings per share (EPS) of -$9.20 for the third quarter of 2020.
The current consensus among 20 TipRanks analysts is for a Strong Buy rating of shares in Parsley Energy, with an average price target of $15.32.
The analysts price targets range from a high of $22 to a low of $12.
In its latest earnings report, released on 03/31/2020, the company reported a quarterly revenue of $564.8 million and a net profit of -$433.04 million. The company's market cap is $4.64 billion.
According to TipRanks.com, Siebert Williams Shank & Co analyst Gabriele Sorbara is currently ranked with 0 stars on a 0-5 stars ranking scale, with an average return of -21.1% and a 25.75% success rate.
Parsley Energy, Inc. is an oil and natural gas company, which engages in the acquisition, development and exploitation of unconventional oil and natural gas reserves. Its portfolio includes Midland and Southern Delaware basin. The company was founded by Bryan Sheffield, Mike Hinson, and Paul Treadwell in 2008 and is headquartered in Austin, TX.