Parsley Energy Inc. (PE) Director A R. Alameddine Buys 8,000 Shares of Stock
Parsley Energy Inc. (NYSE:PE) Director A R. Alameddine bought 8,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 17th. The stock was purchased at an average cost of $34.75 per share, with a total value of $278,000.00. Following the completion of the transaction, the director now directly owns 89,488 shares in the company, valued at $3,109,708. The purchase was disclosed in a filing with the SEC, which is available at the SEC website.
Parsley Energy Inc. (NYSE:PE) traded up 3.45% on Monday, hitting $35.95. 1,344,282 shares of the stock traded hands. Parsley Energy Inc. has a 52-week low of $14.51 and a 52-week high of $37.20. The company’s 50 day moving average price is $34.85 and its 200-day moving average price is $30.50. The stock’s market cap is $6.46 billion.
Parsley Energy (NYSE:PE) last posted its earnings results on Wednesday, November 2nd. The company reported $0.03 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.01. Parsley Energy had a negative net margin of 15.86% and a positive return on equity of 0.24%. The business earned $132.67 million during the quarter, compared to the consensus estimate of $82.30 million. During the same quarter in the previous year, the firm posted ($0.08) EPS. The firm’s revenue was up 106.6% on a year-over-year basis. On average, analysts forecast that Parsley Energy Inc. will post $0.10 earnings per share for the current fiscal year.
A number of large investors have recently bought and sold shares of PE. Redwood Investments LLC bought a new stake in Parsley Energy during the second quarter worth approximately $17,455,000. Geode Capital Management LLC increased its stake in Parsley Energy by 4.9% in the first quarter. Geode Capital Management LLC now owns 676,265 shares of the company’s stock worth $15,283,000 after buying an additional 31,867 shares during the period. Kelly Lawrence W & Associates Inc. CA bought a new stake in Parsley Energy during the first quarter worth approximately $3,169,000. BlackRock Group LTD increased its stake in Parsley Energy by 52.9% in the first quarter. BlackRock Group LTD now owns 94,497 shares of the company’s stock worth $2,136,000 after buying an additional 32,712 shares during the period. Finally, Rothschild Capital Partners LLC bought a new stake in Parsley Energy during the second quarter worth approximately $2,427,000. 85.44% of the stock is owned by institutional investors and hedge funds.
PE has been the subject of a number of research analyst reports. Stifel Nicolaus boosted their target price on Parsley Energy from $34.00 to $40.00 and gave the company a “buy” rating in a research report on Tuesday, August 16th. Wunderlich boosted their target price on Parsley Energy from $33.00 to $40.00 and gave the company a “buy” rating in a research report on Tuesday, August 16th. Zacks Investment Research raised Parsley Energy from a “hold” rating to a “buy” rating and set a $31.00 target price for the company in a research report on Wednesday, August 3rd. Nomura boosted their target price on Parsley Energy from $31.00 to $36.00 and gave the company a “buy” rating in a research report on Wednesday, August 17th. Finally, Williams Capital initiated coverage on Parsley Energy in a research report on Monday, August 29th. They issued a “hold” rating and a $37.00 target price for the company. Seven research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Parsley Energy has a consensus rating of “Buy” and an average price target of $32.00.
About Parsley Energy
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.
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