Parsley Energy Inc. (NYSE:PE) VP Colin Roberts sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, November 18th. The stock was sold at an average price of $34.92, for a total transaction of $174,600.00. Following the transaction, the vice president now directly owns 238,770 shares of the company’s stock, valued at $8,337,848.40. The sale was disclosed in a document filed with the SEC, which is available through this link.

Parsley Energy Inc. (NYSE:PE) traded up 3.65% during midday trading on Monday, hitting $36.02. 1,408,514 shares of the stock traded hands. Parsley Energy Inc. has a 1-year low of $14.51 and a 1-year high of $37.20. The company has a 50-day moving average of $34.85 and a 200-day moving average of $30.50. The stock’s market cap is $6.47 billion.

Parsley Energy (NYSE:PE) last posted its earnings results on Wednesday, November 2nd. The company reported $0.03 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.02 by $0.01. The company earned $132.67 million during the quarter, compared to the consensus estimate of $82.30 million. Parsley Energy had a negative net margin of 15.86% and a positive return on equity of 0.24%. The company’s revenue for the quarter was up 106.6% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.08) earnings per share. On average, equities analysts expect that Parsley Energy Inc. will post $0.10 EPS for the current fiscal year.

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

A number of research analysts have recently weighed in on PE shares. KeyCorp raised their price objective on shares of Parsley Energy from $36.00 to $37.00 and gave the stock an “overweight” rating in a research note on Monday, August 22nd. FBR & Co started coverage on shares of Parsley Energy in a research report on Tuesday, September 13th. They set an “outperform” rating and a $41.00 target price on the stock. Nomura restated a “buy” rating and set a $17.00 target price on shares of Parsley Energy in a research report on Monday, September 26th. Williams Capital started coverage on shares of Parsley Energy in a research report on Monday, August 29th. They set a “hold” rating and a $37.00 target price on the stock. Finally, Morgan Stanley raised their target price on shares of Parsley Energy to $48.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 30th. Seven investment analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $32.00.

Hedge funds have recently bought and sold shares of the company. Redwood Investments LLC acquired a new stake in Parsley Energy during the second quarter valued at 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 valued at $15,283,000 after buying an additional 31,867 shares in the last quarter. Kelly Lawrence W & Associates Inc. CA purchased a new stake in Parsley Energy during the first quarter valued at about $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 valued at $2,136,000 after buying an additional 32,712 shares in the last quarter. Finally, Rothschild Capital Partners LLC purchased a new stake in Parsley Energy during the second quarter valued at about $2,427,000. 85.44% of the stock is owned by institutional investors.

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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