Parsley Energy Inc. (NYSE:PE) insider Ryan Dalton sold 20,000 shares of Parsley Energy stock in a transaction dated Friday, November 18th. The shares were sold at an average price of $34.98, for a total value of $699,600.00. Following the completion of the transaction, the insider now owns 246,661 shares of the company’s stock, valued at approximately $8,628,201.78. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Shares of Parsley Energy Inc. (NYSE:PE) opened at 36.41 on Tuesday. The firm’s 50-day moving average price is $34.93 and its 200-day moving average price is $30.74. Parsley Energy Inc. has a 52-week low of $14.51 and a 52-week high of $37.20. The stock’s market capitalization is $6.54 billion.

Parsley Energy (NYSE:PE) last announced its quarterly earnings results on Wednesday, November 2nd. The company reported $0.03 earnings per share for the quarter, topping analysts’ consensus estimates of $0.02 by $0.01. The business had revenue of $132.67 million for the quarter, compared to analysts’ expectations of $82.30 million. Parsley Energy had a positive return on equity of 0.24% and a negative net margin of 15.86%. The business’s quarterly revenue was up 106.6% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.08) EPS. Equities analysts forecast that Parsley Energy Inc. will post $0.10 earnings per share for the current fiscal year.

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

Several research firms recently weighed in on PE. Zacks Investment Research upgraded Parsley Energy from a “hold” rating to a “buy” rating and set a $41.00 target price for the company in a research note on Wednesday, October 12th. Macquarie cut Parsley Energy from an “outperform” rating to a “neutral” rating and boosted their target price for the stock from $36.00 to $38.00 in a research note on Wednesday, October 12th. Stifel Nicolaus boosted their target price on Parsley Energy from $34.00 to $40.00 and gave the stock a “buy” rating in a research note on Tuesday, August 16th. Wunderlich boosted their target price on Parsley Energy from $33.00 to $40.00 and gave the stock a “buy” rating in a research note on Tuesday, August 16th. Finally, JPMorgan Chase & Co. boosted their target price on Parsley Energy from $34.00 to $40.00 and gave the stock an “overweight” rating in a research note on Monday, August 15th. Seven analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $32.00.

Several hedge funds have recently made changes to their positions in the company. BlackRock Inc. boosted its stake 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 during the last quarter. BlackRock Group LTD boosted its stake in shares of 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 last quarter. UBS Asset Management Americas Inc. boosted its stake in shares of Parsley Energy by 22.5% in the first quarter. UBS Asset Management Americas Inc. now owns 68,973 shares of the company’s stock worth $1,559,000 after buying an additional 12,673 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of 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 last quarter. Finally, Renaissance Technologies LLC boosted its stake in shares of Parsley Energy by 147.7% in the first quarter. Renaissance Technologies LLC now owns 722,600 shares of the company’s stock worth $16,331,000 after buying an additional 430,900 shares during the last quarter. Institutional investors and hedge funds own 85.44% of the company’s stock.

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.

5 Day Chart for NYSE:PE

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