Parsley Energy Inc (PE) Insider Sells $302,100.00 in Stock

Parsley Energy Inc (NYSE:PE) insider Colin Roberts sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 27th. The stock was sold at an average price of $30.21, for a total value of $302,100.00. Following the completion of the transaction, the insider now directly owns 224,600 shares in the company, valued at $6,785,166. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

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

  • On Tuesday, May 15th, Colin Roberts sold 10,000 shares of Parsley Energy stock. The stock was sold at an average price of $31.59, for a total value of $315,900.00.
  • 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.

Parsley Energy stock traded up $0.07 during mid-day trading on Friday, hitting $30.28. The company’s stock had a trading volume of 3,264,810 shares, compared to its average volume of 6,075,371. The company has a market capitalization of $9.59 billion, a PE ratio of 43.88, a price-to-earnings-growth ratio of 0.60 and a beta of -0.51. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.37. Parsley Energy Inc has a one year low of $21.12 and a one year high of $33.43.

Parsley Energy (NYSE:PE) last announced its quarterly earnings data on Thursday, May 3rd. The oil and natural gas company reported $0.31 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.24 by $0.07. The company had revenue of $392.70 million for the quarter, compared to the consensus estimate of $348.64 million. Parsley Energy had a return on equity of 3.71% and a net margin of 13.82%. Parsley Energy’s quarterly revenue was up 95.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.13 EPS. research analysts anticipate that Parsley Energy Inc will post 1.7 earnings per share for the current year.

A number of institutional investors have recently made changes to their positions in the business. Viking Global Investors LP grew its position in Parsley Energy by 129.7% in the 4th quarter. Viking Global Investors LP now owns 18,144,801 shares of the oil and natural gas company’s stock valued at $534,183,000 after acquiring an additional 10,245,991 shares during the last quarter. TIAA CREF Investment Management LLC grew its position in Parsley Energy by 9.5% in the 4th quarter. TIAA CREF Investment Management LLC now owns 9,885,217 shares of the oil and natural gas company’s stock valued at $291,021,000 after acquiring an additional 855,841 shares during the last quarter. JPMorgan Chase & Co. grew its position in Parsley Energy by 96.8% in the 1st quarter. JPMorgan Chase & Co. now owns 9,608,948 shares of the oil and natural gas company’s stock valued at $278,563,000 after acquiring an additional 4,726,116 shares during the last quarter. Teachers Advisors LLC grew its position in Parsley Energy by 34.9% in the 4th quarter. Teachers Advisors LLC now owns 6,101,167 shares of the oil and natural gas company’s stock valued at $179,618,000 after acquiring an additional 1,578,132 shares during the last quarter. Finally, Van ECK Associates Corp grew its position in Parsley Energy by 5.8% in the 1st quarter. Van ECK Associates Corp now owns 5,920,486 shares of the oil and natural gas company’s stock valued at $171,635,000 after acquiring an additional 323,159 shares during the last quarter. 85.12% of the stock is currently owned by institutional investors.

Several brokerages have recently issued reports on PE. SunTrust Banks set a $45.00 price objective on Parsley Energy and gave the stock a “buy” rating in a report on Monday, May 7th. BMO Capital Markets set a $40.00 price objective on Parsley Energy and gave the stock a “buy” rating in a report on Friday, May 4th. Morgan Stanley upped their price objective on Parsley Energy from $31.00 to $32.00 and gave the stock an “equal weight” rating in a report on Friday, May 4th. TheStreet raised Parsley Energy from a “c+” rating to a “b” rating in a report on Thursday, May 3rd. Finally, Seaport Global Securities cut Parsley Energy from a “buy” rating to a “neutral” rating in a report on Friday, May 4th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and twenty-one have assigned a buy rating to the company. Parsley Energy has an average rating of “Buy” and an average price target of $37.87.

Parsley Energy Company Profile

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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