Today’s Stock Alert: Parsley Energy Inc’s Stock Is Buy After Today’s Huge Increase

Today's Stock Alert: Parsley Energy Inc's Stock Is Buy After Today's Huge Increase

The stock of Parsley Energy Inc (NYSE:PE) is a huge mover today! About 1.01M shares traded hands. Parsley Energy Inc (NYSE:PE) has risen 49.26% since April 13, 2016 and is uptrending. It has outperformed by 45.34% the S&P500.
The move comes after 5 months positive chart setup for the $7.23B company. It was reported on Nov, 15 by Barchart.com. We have $44.25 PT which if reached, will make NYSE:PE worth $1.88 billion more.

Parsley Energy Inc (NYSE:PE) Ratings Coverage

Out of 28 analysts covering Parsley Energy Inc (NYSE:PE), 23 rate it a “Buy”, 0 “Sell”, while 5 “Hold”. This means 82% are positive. Parsley Energy Inc has been the topic of 58 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The rating was initiated by Piper Jaffray with “Overweight” on Friday, July 8. Evercore initiated Parsley Energy Inc (NYSE:PE) rating on Friday, October 2. Evercore has “Buy” rating and $20 price target. As per Monday, August 22, the company rating was maintained by KeyBanc Capital Markets. The stock of Parsley Energy Inc (NYSE:PE) has “Sector Outperform” rating given on Monday, May 16 by Howard Weil. The rating was maintained by Nomura with “Buy” on Wednesday, August 17. Credit Suisse maintained the shares of PE in a report on Friday, August 21 with “Outperform” rating. The firm has “Buy” rating given on Wednesday, December 2 by Deutsche Bank. The rating was maintained by Deutsche Bank on Tuesday, June 14 with “Buy”. Howard Weil upgraded the stock to “Focus Stock” rating in Monday, November 30 report. The company was maintained on Friday, November 6 by Northland Capital.

According to Zacks Investment Research, “Parsley Energy, Inc. is an independent oil and natural gas company. It is focused on the acquisition, development, and exploitation of unconventional oil and natural gas reserves in the Permian Basin. Parsley Energy, Inc. is headquartered in Midland, Texas.”

Insitutional Activity: The institutional sentiment increased to 2.06 in 2016 Q2. Its up 0.07, from 1.99 in 2016Q1. The ratio increased, as 26 funds sold all Parsley Energy Inc shares owned while 54 reduced positions. 76 funds bought stakes while 89 increased positions. They now own 148.38 million shares or 18.17% more from 125.56 million shares in 2016Q1.
Verition Fund Mgmt Llc accumulated 31,028 shares or 0.11% of the stock. Kelly Lawrence W & Associates Incorporated Ca has 1.95% invested in the company for 311,450 shares. Advisory Svcs Networks Ltd Liability Corporation has invested 0% of its portfolio in Parsley Energy Inc (NYSE:PE). Visium Asset Management Lp, a New York-based fund reported 76,230 shares. Tph Asset Management Lc, a Texas-based fund reported 18,300 shares. The Pennsylvania-based Vanguard Grp has invested 0.02% in Parsley Energy Inc (NYSE:PE). Rhumbline Advisers last reported 121,551 shares in the company. Advisors Asset Mngmt has invested 0% of its portfolio in Parsley Energy Inc (NYSE:PE). Citadel Ltd Com holds 1.60 million shares or 0.05% of its portfolio. The Florida-based Deprince Race Zollo has invested 0.02% in Parsley Energy Inc (NYSE:PE). Dekabank Deutsche Girozentrale has invested 0% of its portfolio in Parsley Energy Inc (NYSE:PE). Blackrock Institutional Tru Na, a California-based fund reported 3.62M shares. Columbus Circle Investors holds 0.39% or 1.43M shares in its portfolio. Discovery Mgmt Lc Ct holds 2.08M shares or 1.29% of its portfolio. Alpine Prtn Vi Ltd Liability Co has invested 0.3% of its portfolio in Parsley Energy Inc (NYSE:PE).

Insider Transactions: Since May 17, 2016, the stock had 0 insider buys, and 18 insider sales for $50.34 million net activity. The insider Smith David Henry sold $206,188. $685,500 worth of Parsley Energy Inc (NYSE:PE) was sold by Hinson Mike on Monday, July 25. The insider Roberts Colin sold $819,250. 60,000 shares were sold by Dalton Ryan, worth $1.59 million. Shares for $1.52 million were sold by Gallagher Matthew. Sheffield Bryan sold 1.10 million shares worth $35.37M.

Another recent and important Parsley Energy Inc (NYSE:PE) news was published by Prnewswire.com which published an article titled: “Parsley Energy Announces Third Quarter 2016 Financial And Operating Results …” on November 02, 2016.

PE Company Profile

Parsley Energy, Inc., incorporated on December 11, 2013, is an independent oil and natural gas company. The Firm is focused 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 comprises over three primary sub-areas: the Midland Basin, the Central Basin Platform and the Delaware Basin. The Company’s properties are primarily located in the Midland and Delaware Basins and its activities have been focused on the vertical development of the Spraberry, Wolfberry and Wolftoka Trends of the Midland Basin. The Company’s vertical wells in the Permian Basin are drilled into stacked pay zones that include the Spraberry, Wolfcamp, Upper Pennsylvanian (Cline), Strawn, Atoka and Mississippian formations.

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