The shares of Parsley Energy, Inc. (NYSE:PE) has been pegged with a rating of Neutral by Mizuho in its latest research note that was published on January 30th, 2019. The research company has also assigned a $18 price target. Mizuho wasn’t the only research firm that published a report of Parsley Energy, Inc., with other equities research analysts also giving their opinion on the stock. Stephens advised investors in its research note published on January 29th, 2019, to Overweight the PE stock. The stock had earned Overweight rating from Barclays when it published its report on January 16th, 2019. That day the Barclays set price target on the stock to $38. The stock was given Outperform rating by Imperial Capital in its report released on January 4th, 2019, the day when the price target on the stock was placed at $33. Citigroup was of a view that PE is Buy in its latest report on December 21st, 2018. KeyBanc Capital Mkts thinks that PE is worth Overweight rating. This was contained in the firm’s report on December 20th, 2018.
Amongst the analysts that rated the stock, 0 have recommended investors to sell it, 5 believe it has the potential for further growth, thus rating it as Hold while 13 advised investors to purchase the stock. The consensus currently stands at a Hold while its average price target is $27.11. The price of the stock the last time has raised by 30.91% from its Week high price while it is raised higher than its 52-Week low price. A look at the stock’s other technical shows that its 14-day RSI now stands at 50.72.
The shares of the company added by 1.03% during the trading session on Wednesday, reaching a low of $18.39 while ending the day at $18.55. During the trading session, a total of 3.52 million shares were traded which represents a 31.77% incline from the average session volume which is 5.16M shares. PE had ended its last session trading at 18.36. Parsley Energy, Inc. currently has a market cap of $5.58B, while its P/E ratio stands at 13.71, while its P/E earnings growth sits at 3.06, with a beta of 0.39. Parsley Energy, Inc. debt-to-equity ratio currently stands at 0.39, while its quick ratio hovers at 0.80. PE 52-week low price stands at $14.17 while its 52-week high price is $33.43.
The company in its last quarterly report recorded $0.30 earnings per share which is below the $0.34 predicted by most analysts. The Parsley Energy, Inc. generated $454.88 million in revenue during the last quarter, which is slightly lower than the $470.94 million predicted by analysts. In the second quarter last year, the firm recorded $0.45 earnings per share. Compared to the same quarter last year, the firm’s revenue was down by -50%. Parsley Energy, Inc. has the potential to record 1.35 EPS for the current fiscal year, according to equities analysts.
Investment analysts at Needham published a research note on April 4th, 2019 where it informed investors and clients that Okta, Inc. (NASDAQ:OKTA) is now rated as Buy. Their price target on the stock stands at $105. Stephens also rated OKTA as Upgrade on January 29th, 2019, with its price target of $65 suggesting that OKTA could down by -7.72% from its current share price. Even though the stock has been trading at $92.65/share, analysts expect it to surge higher by 0.12% to reach $86.11/share. It started the day trading at $94.30 and traded between $91.50 and $92.76 throughout the trading session.
A look at its technical shows that OKTA’s 50-day SMA is 83.31 while its 200-day SMA stands at 66.33. At the moment, only of Okta, Inc. shares were sold short. The company’s average trading volume currently stands at 2.08M shares, which means that the short-interest ratio is just 3.25 days. Over the past seven days, the company moved, with its shift of 3.82%. Looking further, the stock has raised 34.86% over the past 90 days while it gained 51.30% over the last six months.
The change in the stock’s fortunes has led to several institutional investors altering their holdings of the stock. Fidelity Management Research Co bought more OKTA shares, increasing its portfolio by +32.72% during the last quarter. This move now sees Fidelity Management Research Co purchasing 2,146,400 shares in the last quarter, thus it now holds 8,706,402 shares of OKTA, with a total valuation of $720,280,637. The Vanguard Group Inc meanwhile bought more OKTA shares in the recently filed quarter, changing its stake to $629,455,755 worth of shares. BlackRock Fund Advisors followed the path by increasing its OKTA portfolio by +5.31% in the quarter. This means that BlackRock Fund Advisors bought 163,084 shares in the last quarter and now controls 3,233,221 shares of the OKTA stock, with the valuation hitting $267,484,373.
Similarly, T Rowe Price Associates Inc increased its Okta, Inc. shares by +12.22% during the recently filed quarter. After buying 294,469 shares in the last quarter, the firm now controls 2,703,662 shares of Okta, Inc. which are valued at $223,673,957. In the same vein, Allianz Global Investors US LLC increased its Okta, Inc. shares by during the most recent reported quarter. The firm bought 482,896 shares during the quarter which increased its stakes to 2,573,171 shares and is now valued at $212,878,437. Following these latest developments, around 0.10% of Okta, Inc. stocks are owned by institutional investors and hedge funds.