Parsley Energy Inc (NYSE:PE) Director Ron Brokmeyer purchased 5,000 shares of the company’s stock in a transaction on Friday, November 29th. The shares were bought at an average cost of $14.95 per share, with a total value of $74,750.00. Following the transaction, the director now directly owns 13,897 shares of the company’s stock, valued at approximately $207,760.15. The acquisition was disclosed in a filing with the SEC, which is accessible through this link.
PE opened at $15.03 on Wednesday. Parsley Energy Inc has a 12 month low of $13.72 and a 12 month high of $22.11. The business has a 50-day moving average of $16.02 and a two-hundred day moving average of $17.09. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.56 and a quick ratio of 0.56. The stock has a market capitalization of $4.69 billion, a price-to-earnings ratio of 10.66, a price-to-earnings-growth ratio of 0.35 and a beta of 0.55.
Parsley Energy (NYSE:PE) last announced its quarterly earnings data on Tuesday, November 5th. The oil and natural gas company reported $0.29 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.34 by ($0.05). Parsley Energy had a return on equity of 4.96% and a net margin of 14.03%. The company had revenue of $510.15 million for the quarter, compared to analysts’ expectations of $503.05 million. During the same quarter in the previous year, the company earned $0.41 earnings per share. The company’s revenue was down .2% on a year-over-year basis. Equities research analysts anticipate that Parsley Energy Inc will post 1.21 earnings per share for the current year.
A number of hedge funds have recently modified their holdings of the stock. River & Mercantile Asset Management LLP purchased a new stake in shares of Parsley Energy during the 2nd quarter valued at $29,000. Quadrant Capital Group LLC raised its position in shares of Parsley Energy by 214.8% in the 3rd quarter. Quadrant Capital Group LLC now owns 2,175 shares of the oil and natural gas company’s stock worth $31,000 after buying an additional 1,484 shares during the period. First Quadrant L P CA purchased a new position in shares of Parsley Energy in the 3rd quarter worth $42,000. Quantamental Technologies LLC acquired a new position in Parsley Energy in the second quarter valued at $53,000. Finally, Nisa Investment Advisors LLC purchased a new stake in Parsley Energy during the second quarter valued at about $76,000. 79.24% of the stock is owned by hedge funds and other institutional investors.
Several analysts have recently issued reports on the company. Northland Securities restated a “buy” rating and issued a $23.00 price objective on shares of Parsley Energy in a research report on Wednesday, November 6th. ValuEngine cut Parsley Energy from a “hold” rating to a “sell” rating in a research report on Friday, November 1st. Robert W. Baird cut their target price on shares of Parsley Energy from $22.00 to $19.00 and set an “outperform” rating for the company in a research note on Tuesday, October 8th. TD Securities cut their target price on shares of Parsley Energy from $25.00 to $24.00 and set a “buy” rating for the company in a research note on Tuesday, October 15th. Finally, Cowen set a $24.00 target price on shares of Parsley Energy and gave the company a “buy” rating in a report on Wednesday, August 21st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-three have assigned a buy rating to the stock. Parsley Energy has a consensus rating of “Buy” and an average price target of $27.07.
About Parsley Energy
Parsley Energy, Inc, an independent oil and natural gas company, engages in the acquisition, development, exploration, production, and sale of crude oil and natural gas properties in the Permian Basin in west Texas and Southeastern New Mexico. As of December 31, 2018, its acreage position consisted of 198,946 net acres, including 154,107 net acres in the Midland Basin and 44,839 net acres in the Delaware Basin; and operated 425.3 net acres of the horizontal wells and 735.7 net acres of the vertical wells, as well an estimated proved oil, natural gas, and natural gas liquid reserves of 521.7 MMBoe.
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