Is It Time For These Stocks To Shine? Parsley Energy, Inc. (PE) And Seagate Technology plc (STX)

It is expected that in Dec 2018 quarter, Parsley Energy, Inc. (NYSE:PE) will have an EPS of $0.47, while that of Mar 2019 is projected at $0.52. It means that there could be a 56.67% and 67.74% growth in the two quarters respectively. Yearly earnings are expected to rise by 139.13% to about $1.65. As for the coming year, growth will be about 39.39%, lifting earnings to $2.3. RSI after the last trading period was 26.17. PE recorded a change of -8.09% over the past week and returned -27.8% over the last three months while the PE stock’s monthly performance revealed a shift in price of -25.02%. The year to date (YTD) performance stands at -35.16%, and the bi-yearly performance specified an activity trend of -30.86% while the shares have moved -27.61% for the past 12 months.

PE’s EPS was $0.45 as reported for the September quarter. In comparison, the same quarter a year ago had an EPS of $0.12. That means that its growth in general now stands at 275%. Therefore, a prediction of $0.44 given by the analysts brought a positive surprise of 2%. PE Sep 18 quarter revenue was $511.02 million, compared to $241.02 million recorded in same quarter last year, giving it a 112% growth rate. The company’s $270 million revenue growth that quarter surprised Wall Street and investors will need to consider this as they assess the stock.

Parsley Energy, Inc. (PE) currently trades at $19.09, which is lower by -3.63% its previous price. It has a total of 328.42 million outstanding shares, with an ATR of around 1.12. The company’s stock volume rose to 9.59 million, better than 4.92 million that represents its 50-day average. A 5-day decrease of about -8.09% in its price means PE is now -35.16% lower on year-to-date. The shares have surrendered $43420.91 since its $33.43 52-week high price recorded on 10th of May 2018. Overall, it has seen a growth rate of -27.61 over the last 12 months. The current price per share is -$0.710000000000001 above the 52 week low of $19.80 set on 6th of December 2018.

27 analysts out of 31 Wall Street brokerage firms rate PE stock as a Buy, while 0 see it as a Sell. The rest 4 describe it as a Hold. The stock traded higher to an intra-day high of $19.27. At one point in session, its potential discontinued and the price was down to lows at $18.31. Analysts have set PE’s consensus price at $40.35, effectively giving it a 111.37% projection on returns. Should the projected estimates be met, then the stock will likely hit its highest price at $61 (up 219.54% from current price levels). PE has a 7.1% ROE, higher than the 6.89% average for the industry. The average ROE for the sector is 18.9%.

Seagate Technology plc (NASDAQ:STX) shares appreciated 0.19% over the last trading period, taking overall 5-day performance up to -5.56%. PE’s price now at $41.65 is weaker than the 50-day average of $43.66. Getting the trading period increased to 200 days, the stock price was seen at $52.98 on average. The general public currently hold control of a total of 284.2 million shares, which is the number publicly available for trading. The total of shares that it has issued to investors is 287 million. The company’s management holds a total of 0.2%, while institutional investors hold about 94.7% of the remaining shares. PE share price finished last trade -4.01% below its 20 day simple moving average and its downbeat gap from 200 day simple moving average is -21.45%, while closing the session with -4.91% distance from 50 day simple moving average.

Seagate Technology plc (STX) shares were last observed trading -33.57% down since April 17, 2018 when the peak of $62.7 was hit. Last month’s price growth of -7.34% puts STX performance for the year now at -0.45%. Consequently, the shares price is trending higher by 13.52%, a 52-week worst price since Oct. 26, 2018. However, it is losing value with -24.59% in the last 6 months. From a technical perspective, it appears more likely that the stock will experience a Bull Run market as a result of the strong support seen recently between $39.84 and $40.75. The immediate resistance area is now $42.26 Williams’s%R (14) for STX moved to 72.82 while the stochastic%K points at 25.75.

STX’s beta is 1.72; meaning investors could reap higher returns, although it also poses higher risks. The company allocated $6.75 per share from its yearly profit to its outstanding shares. Its last reported revenue is $2.99 billion, which was 14% versus $2.63 billion in the corresponding quarter last year. The EPS for Sep 18 quarter came in at $1.7 compared to $0.96 in the year-ago quarter and had represented 77% year-over-year earnings per share growth. STX’s ROA is 15.8%, higher than the 4.39% industry average. Although a more robust percentage would be better, consideration is given to how well peers within the industry performed. Companies within the sector had an ROA of 13.74%.

Estimated quarterly earnings for Seagate Technology plc (NASDAQ:STX) are around $1.42 per share in three months through December with $1.2 also the estimate for March quarter of the fiscal year. It means the growth is estimated at -4.05% and -17.81%, respectively. Analysts estimate full-year growth to be -1.27%, the target being $5.44 a share. The upcoming year will see an increase in growth by percentage to 2.94%, more likely to see it hit the $5.6 per share. The firm’s current profit margin over the past 12 months is 12.6%. STX ranks higher in comparison to an average of 2.15% for industry peers; while the average for the sector is 17.48%.