Parsley Energy Inc. (NYSE:PE) insider Mike Hinson sold 25,000 shares of the company’s stock in a transaction on Monday, November 21st. The shares were sold at an average price of $36.18, for a total value of $904,500.00. Following the completion of the sale, the insider now owns 446,653 shares of the company’s stock, valued at $16,159,905.54. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

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

  • On Monday, November 7th, Mike Hinson sold 25,000 shares of Parsley Energy stock. The shares were sold at an average price of $34.05, for a total value of $851,250.00.
  • On Friday, October 21st, Mike Hinson sold 25,000 shares of Parsley Energy stock. The shares were sold at an average price of $36.04, for a total value of $901,000.00.
  • On Wednesday, October 5th, Mike Hinson sold 25,000 shares of Parsley Energy stock. The shares were sold at an average price of $35.13, for a total value of $878,250.00.
  • 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.

Shares of Parsley Energy Inc. (NYSE:PE) traded up 0.34% on Thursday, hitting $35.92. The company’s stock had a trading volume of 1,869,110 shares. Parsley Energy Inc. has a 1-year low of $14.51 and a 1-year high of $37.20. The firm’s market cap is $6.45 billion. The company has a 50 day moving average of $35.03 and a 200 day moving average of $30.86.

Parsley Energy (NYSE:PE) last issued its quarterly earnings data on Wednesday, November 2nd. The company reported $0.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.02 by $0.01. Parsley Energy had a positive return on equity of 0.24% and a negative net margin of 15.86%. The business earned $132.67 million during the quarter, compared to analyst estimates of $82.30 million. During the same period in the prior year, the company posted ($0.08) EPS. The business’s revenue for the quarter was up 106.6% compared to the same quarter last year. Equities analysts forecast that Parsley Energy Inc. will post $0.11 EPS for the current year.

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

A number of equities analysts have recently weighed in on the company. KeyCorp increased their price target on Parsley Energy from $42.00 to $44.00 and gave the stock an “overweight” rating in a report on Tuesday. Goldman Sachs Group Inc. increased their price target on Parsley Energy from $25.00 to $29.00 and gave the stock a “neutral” rating in a report on Monday, August 8th. Barclays PLC increased their price target on Parsley Energy from $30.00 to $36.00 and gave the stock an “overweight” rating in a report on Friday, August 5th. Nomura increased their price target on Parsley Energy from $31.00 to $36.00 and gave the stock a “buy” rating in a report on Wednesday, August 17th. Finally, Zacks Investment Research cut Parsley Energy from a “buy” rating to a “hold” rating in a report on Friday, November 4th. Seven investment analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the stock. Parsley Energy currently has a consensus rating of “Buy” and a consensus price target of $32.25.

A number of institutional investors have recently modified their holdings of the stock. KBC Group NV purchased a new position in shares of Parsley Energy during the third quarter worth about $104,000. Thompson Davis & CO. Inc. raised 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 during the last quarter. Public Employees Retirement Association of Colorado purchased a new position in shares of Parsley Energy during the second quarter worth about $131,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Parsley Energy by 15.5% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,994 shares of the company’s stock worth $134,000 after buying an additional 535 shares during the last quarter. Finally, The Manufacturers Life Insurance Company purchased a new position in shares of Parsley Energy during the third quarter worth about $167,000. 85.44% of the stock is owned by hedge funds and other institutional investors.

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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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