A number of other research firms have also recently issued reports on PE. Zacks Investment Research upgraded shares of Parsley Energy from a sell rating to a hold rating in a research note on Thursday, November 9th. Deutsche Bank reduced their target price on shares of Parsley Energy from $38.00 to $36.00 and set a buy rating for the company in a research note on Thursday. ValuEngine cut shares of Parsley Energy from a hold rating to a sell rating in a research note on Friday, February 2nd. JPMorgan Chase & Co. reduced their target price on shares of Parsley Energy from $44.00 to $38.00 and set an overweight rating for the company in a research note on Wednesday, November 15th. Finally, Northland Securities set a $36.00 target price on shares of Parsley Energy and gave the company a buy rating in a research note on Monday, December 11th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and twenty-one have given a buy rating to the company. Parsley Energy has an average rating of Buy and an average target price of $36.13.
Shares of Parsley Energy (NYSE PE) opened at $26.21 on Thursday. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.25. The company has a market cap of $8,240.08, a P/E ratio of 42.27, a P/E/G ratio of 1.17 and a beta of -0.32. Parsley Energy has a fifty-two week low of $21.12 and a fifty-two week high of $33.07.
Several large investors have recently added to or reduced their stakes in PE. Assetmark Inc. raised its position in shares of Parsley Energy by 417.5% in the fourth quarter. Assetmark Inc. now owns 3,550 shares of the oil and natural gas company’s stock valued at $105,000 after purchasing an additional 2,864 shares during the period. Advisor Group Inc. raised its position in shares of Parsley Energy by 23.9% in the second quarter. Advisor Group Inc. now owns 4,055 shares of the oil and natural gas company’s stock valued at $113,000 after purchasing an additional 781 shares during the period. Cerebellum GP LLC bought a new position in shares of Parsley Energy in the fourth quarter valued at approximately $128,000. American International Group Inc. bought a new position in shares of Parsley Energy in the fourth quarter valued at approximately $155,000. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA bought a new position in shares of Parsley Energy in the third quarter valued at approximately $196,000. 80.50% of the stock is currently owned by institutional investors.
Parsley Energy Company Profile
Parsley Energy, Inc is a holding company. The Company is an independent oil and natural gas company. The Company focuses 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 includes three primary sub-areas: the Midland Basin, the Central Basin Platform and the Delaware Basin.
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