Parsley Energy (PE) PT Lowered to $47 at Piper Jaffray

August 15, 2018 4:48 AM EDT
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Price: $16.93 --0%

Rating Summary:
    39 Buy, 7 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 11 | Down: 8 | New: 46
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Piper Jaffray analyst Kashy Harrison lowered the price target on Parsley Energy (NYSE: PE) to $47.00 (from $49.00) while maintaining a Overweight rating.

Harrison remains positive noting a strong debt adjusted cash flow growth going forward and sufficient flow assurance likely allows the PE to drive FY 2020 estimated 4.8x EV/Unhinged EBITDA multiple higher.

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