PE has been the topic of several other reports. Credit Suisse Group dropped their price target on Parsley Energy from $38.00 to $36.00 and set a buy rating on the stock in a research report on Tuesday, January 30th. Scotiabank reaffirmed a buy rating and issued a $38.00 price target on shares of Parsley Energy in a research report on Wednesday, November 22nd. Williams Capital downgraded Parsley Energy from a buy rating to a hold rating and dropped their price target for the stock from $38.00 to $34.00 in a research report on Tuesday, January 30th. Northland Securities set a $36.00 price target on Parsley Energy and gave the stock a buy rating in a research report on Monday, December 11th. Finally, Morgan Stanley downgraded Parsley Energy from an overweight rating to an equal weight rating in a research report on Tuesday, January 30th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and twenty-one have issued a buy rating to the stock. Parsley Energy has an average rating of Buy and a consensus target price of $36.13.
Shares of Parsley Energy (PE) opened at $26.82 on Tuesday. The stock has a market capitalization of $8,420.00, a PE ratio of 107.28, a PEG ratio of 1.21 and a beta of -0.39. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.50 and a current ratio of 1.50. Parsley Energy has a 1-year low of $21.12 and a 1-year high of $33.07.
In other Parsley Energy news, insider Bryan Sheffield acquired 189,500 shares of Parsley Energy stock in a transaction on Monday, February 26th. The shares were bought at an average price of $26.34 per share, with a total value of $4,991,430.00. Following the completion of the purchase, the insider now owns 11,533,063 shares in the company, valued at $303,780,879.42. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Ron Brokmeyer acquired 2,000 shares of Parsley Energy stock in a transaction on Wednesday, February 28th. The stock was acquired at an average cost of $25.66 per share, for a total transaction of $51,320.00. Following the purchase, the director now owns 112,128 shares of the company’s stock, valued at approximately $2,877,204.48. The disclosure for this purchase can be found here. 15.51% of the stock is owned by insiders.
A number of institutional investors have recently bought and sold shares of the business. King Luther Capital Management Corp raised its position in shares of Parsley Energy by 53.7% during the third quarter. King Luther Capital Management Corp now owns 100,036 shares of the oil and natural gas company’s stock worth $2,635,000 after acquiring an additional 34,930 shares during the last quarter. M&T Bank Corp bought a new stake in shares of Parsley Energy during the fourth quarter worth $249,000. Swiss National Bank raised its position in shares of Parsley Energy by 0.8% during the third quarter. Swiss National Bank now owns 815,600 shares of the oil and natural gas company’s stock worth $21,483,000 after acquiring an additional 6,600 shares during the last quarter. L & S Advisors Inc bought a new stake in shares of Parsley Energy during the third quarter worth $5,589,000. Finally, Mitchell Group Inc. bought a new stake in shares of Parsley Energy during the third quarter worth $12,869,000. 82.60% of the stock is currently owned by institutional investors.
About Parsley Energy
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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