Analysts upbeat on the outlook for Parsley Energy Inc

The Parsley Energy Inc (NYQ:PE) share price has risen by 59.3% over the past month and it’s currently trading at 9.45. For investors considering whether to buy, hold or sell the stock, the question now is whether this price run will continue.

According to the company’s analysts, there are certainly reasons to think it will continue to perform well in the year ahead. In terms of trading recommendations, Parsley Energy Inc currently has:

• 9 Buy recommendations

• 3 Hold recommendations

• 0 Sell recommendations

This suggests that analysts are generally positive about the outlook.

At its current price of 9.45, shares in Parsley Energy Inc are trading at a discount of -58.2% to its 52 week high price. The 1-year performance of the shares has been -53.2%.

While analyst forecasts can be a useful guide to what City 'experts' think about a stock's near term future, they can be unreliable. To get a better idea about the strengths and weaknesses of Parsley Energy Inc it's worth doing some investigation yourself.

There are all sorts of factors that could affect Parsley Energy Inc's share price this year – we simplify them into easy to understand scores with our Stockopedia StockReport. Click here to take a look at the StockReport for Parsley Energy Inc – you might discover some surprising things you didn’t know.