Parsley Energy Inc. (NYSE:PE) insider Mike Hinson sold 25,000 shares of the company’s stock in a transaction on Wednesday, October 5th. The shares were sold at an average price of $35.13, for a total value of $878,250.00. Following the sale, the insider now owns 536,153 shares of the company’s stock, valued at $18,835,054.89. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Mike Hinson also recently made the following trade(s):

  • On Monday, September 12th, Mike Hinson sold 25,000 shares of Parsley Energy stock. The shares were sold at an average price of $33.65, for a total value of $841,250.00.
  • On Monday, July 25th, Mike Hinson sold 25,000 shares of Parsley Energy stock. The shares were sold at an average price of $27.42, for a total value of $685,500.00.
  • On Tuesday, July 12th, Mike Hinson sold 25,000 shares of Parsley Energy stock. The shares were sold at an average price of $28.33, for a total value of $708,250.00.

Shares of Parsley Energy Inc. (NYSE:PE) opened at 35.35 on Friday. The stock’s market capitalization is $6.05 billion. Parsley Energy Inc. has a 52 week low of $14.51 and a 52 week high of $35.93. The stock has a 50 day moving average price of $33.50 and a 200 day moving average price of $28.00.

Parsley Energy (NYSE:PE) last released its quarterly earnings data on Wednesday, August 3rd. The company reported ($0.13) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.03) by $0.10. The company earned $106.30 million during the quarter, compared to analysts’ expectations of $92.04 million. Parsley Energy had a negative return on equity of 0.66% and a negative net margin of 18.26%. The firm’s quarterly revenue was up 36.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.01) EPS. On average, equities research analysts expect that Parsley Energy Inc. will post $0.10 EPS for the current year.

Insider Buying and Selling by Quarter for Parsley Energy (NYSE:PE)

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Thompson Davis & CO. Inc. increased its position in shares of Parsley Energy by 93.8% in the second quarter. Thompson Davis & CO. Inc. now owns 3,875 shares of the company’s stock worth $105,000 after buying an additional 1,875 shares in the last quarter. Public Employees Retirement Association of Colorado acquired a new position in shares of Parsley Energy during the second quarter worth about $131,000. BlackRock Inc. increased its position in shares of Parsley Energy by 134.5% in the first quarter. BlackRock Inc. now owns 6,650 shares of the company’s stock worth $151,000 after buying an additional 3,814 shares in the last quarter. Loeb Partners Corp acquired a new position in shares of Parsley Energy during the second quarter worth about $235,000. Finally, Penn Capital Management Co. Inc. acquired a new position in shares of Parsley Energy during the second quarter worth about $252,000. Hedge funds and other institutional investors own 84.49% of the company’s stock.

A number of analysts have recently weighed in on the company. Zacks Investment Research downgraded Parsley Energy from a “buy” rating to a “hold” rating in a research report on Wednesday, July 13th. Imperial Capital boosted their price target on Parsley Energy from $34.00 to $40.00 and gave the stock an “outperform” rating in a report on Friday, August 5th. Deutsche Bank AG boosted their price target on Parsley Energy from $30.00 to $32.00 and gave the stock a “buy” rating in a report on Tuesday, June 14th. Simmons started coverage on Parsley Energy in a report on Friday, July 8th. They set an “overweight” rating and a $31.00 price target for the company. Finally, Morgan Stanley started coverage on Parsley Energy in a report on Thursday, July 21st. They set an “overweight” rating and a $39.00 price target for the company. Six research analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has assigned a strong buy rating to the stock. Parsley Energy has a consensus rating of “Buy” and a consensus target price of $30.93.

Parsley Energy Company Profile

Parsley Energy, Inc is an independent oil and natural gas company. The Company is focused on the acquisition, development and exploitation of unconventional oil and natural gas reserves in the Permian Basin. The Permian Basin is located in West Texas and Southeastern New Mexico and comprises over three primary sub-areas: the Midland Basin, the Central Basin Platform and the Delaware Basin.

5 Day Chart for NYSE:PE

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