Colin Roberts Sells 10,000 Shares of Parsley Energy (PE) Stock

Parsley Energy (NYSE:PE) insider Colin Roberts sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 15th. The stock was sold at an average price of $31.59, for a total value of $315,900.00. Following the completion of the transaction, the insider now owns 244,204 shares in the company, valued at approximately $7,714,404.36. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Colin Roberts also recently made the following trade(s):

  • On Monday, April 2nd, Colin Roberts sold 7,500 shares of Parsley Energy stock. The stock was sold at an average price of $28.29, for a total value of $212,175.00.

PE stock traded up $0.26 during midday trading on Thursday, reaching $32.14. 6,660,329 shares of the company’s stock traded hands, compared to its average volume of 6,122,881. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.20 and a quick ratio of 1.20. Parsley Energy has a 52 week low of $31.49 and a 52 week high of $31.91. The stock has a market capitalization of $10.12 billion, a price-to-earnings ratio of 46.58, a PEG ratio of 0.78 and a beta of -0.50.

Parsley Energy (NYSE:PE) last issued its earnings results on Thursday, May 3rd. The oil and natural gas company reported $0.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.07. Parsley Energy had a net margin of 13.82% and a return on equity of 3.71%. The business had revenue of $392.70 million for the quarter, compared to analysts’ expectations of $348.64 million. During the same quarter in the previous year, the firm posted $0.13 EPS. The business’s revenue for the quarter was up 95.5% compared to the same quarter last year. equities research analysts anticipate that Parsley Energy will post 1.39 EPS for the current year.

A number of hedge funds have recently modified their holdings of PE. Dimensional Fund Advisors LP raised its holdings in Parsley Energy by 28.9% during the 3rd quarter. Dimensional Fund Advisors LP now owns 878,270 shares of the oil and natural gas company’s stock valued at $23,133,000 after acquiring an additional 197,076 shares during the period. DnB Asset Management AS raised its holdings in Parsley Energy by 14.5% during the 4th quarter. DnB Asset Management AS now owns 22,891 shares of the oil and natural gas company’s stock valued at $674,000 after acquiring an additional 2,900 shares during the period. Bank of Montreal Can raised its holdings in Parsley Energy by 16.6% during the 4th quarter. Bank of Montreal Can now owns 240,419 shares of the oil and natural gas company’s stock valued at $7,077,000 after acquiring an additional 34,202 shares during the period. Creative Planning bought a new stake in Parsley Energy during the 4th quarter valued at $919,000. Finally, Schwab Charles Investment Management Inc. raised its holdings in Parsley Energy by 5.9% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 763,373 shares of the oil and natural gas company’s stock valued at $22,474,000 after acquiring an additional 42,371 shares during the period. 82.42% of the stock is currently owned by institutional investors and hedge funds.

PE has been the topic of a number of research analyst reports. Credit Suisse Group set a $38.00 target price on Parsley Energy and gave the stock a “buy” rating in a research note on Tuesday, January 23rd. They noted that the move was a valuation call. Piper Jaffray restated a “buy” rating and issued a $38.00 target price on shares of Parsley Energy in a research note on Friday, February 2nd. BMO Capital Markets reaffirmed an “outperform” rating and issued a $36.00 price target (down previously from $41.00) on shares of Parsley Energy in a report on Friday, March 2nd. Deutsche Bank started coverage on shares of Parsley Energy in a report on Thursday, February 1st. They issued a “buy” rating and a $38.00 price target on the stock. Finally, Royal Bank of Canada set a $37.00 price target on shares of Parsley Energy and gave the stock a “buy” rating in a report on Friday, April 13th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and twenty have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $37.50.

About Parsley Energy

Parsley Energy, Inc, an independent oil and natural gas company, engages in the acquisition, development, production, exploration, and sale of crude oil and natural gas properties in the Permian Basin in West Texas and Southeastern New Mexico. As of December 31, 2017, its acreage position consisted of 219,747 net acres, including 174,392 net acres in the Midland Basin and 45,355 net acres in the Delaware Basin; and 241.0 net producing horizontal wells and 731.5 net producing vertical wells, as well an estimated proved oil and natural gas reserves were 416.4 MMBoe.

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