In a recent information released to the investors, Goldman Sachs raises the new price target from $25 per share to $29 per share.
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A number of institutional investors have recently modified their holdings of PE.
The buoyancy in the outlook of Parsley Energy, Inc. They now have a Dollars 32 price target on the stock. BlackRock Inc. boosted its position in shares of Parsley Energy by 134.5% in the first quarter.
Traders are bullish on Parsley Energy (PE) as it has outperformed the S&P 500 by a wide margin of 18.06% in the past 4 weeks.
Parsley Energy Inc opened for trading at $34.13 and hit $34.68 on the upside on Monday, eventually ending the session at $34.57, with a gain of 2.13% or 0.72 points. The company’s 50-day average is $28.77 and its 200-day average is $23.99. Parsley Energy (NYSE:PE): stock turned positive on Friday. The company reported ($0.13) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.03) by $0.10. The company had revenue of $106.30 million for the quarter, compared to analysts expectations of $99.96 million. During the same period in the previous year, the business posted ($0.01) EPS. The company’s revenue was up 36.5% compared to the same quarter past year.
07/08/2016 – Parsley Energy, Inc. had its “overweight” rating reiterated by analysts at Piper Jaffray.
Parsley Energy Inc (PE) was Reiterated by Imperial Capital to “Outperform” according to the research note released today.
Earnings Roundup: In the last fiscal quarter alone, Parsley Energy, Inc. generated almost $106.31M in sales and net income of $0.04/share.
Parsley’s stock was down nearly 3% on the news to $33.56 per share in morning trading.
07/18/2016 – Parsley Energy, Inc. had its “buy” rating reiterated by analysts at Stifel Nicolaus. Finally, Wells Fargo & Co. reissued a “hold” rating on shares of Parsley Energy in a research note on Saturday, June 4th. Buying continues as the stock moves higher, suggesting a strong appetite for the stock. They now have a Dollars 38 price target on the stock. A See Remarks in the company, Gallagher Matthew, on Tuesday August 09, 2016 collected $1,468,800 from the sale of 45,000 shares at a per-share price of $32.87. They now have a United States dollars 30 price target on the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. They now have a Dollars 26 price target on the stock. Hinson Mike retains 1,537,610 shares in the stock after this transaction.
Parsley Energy, Inc.is an independent oil and natural gas company.
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Together with the net proceeds from the Concurrent Notes Offering, the Company intends to use the net proceeds of the Equity Offering to fund the aggregate purchase price for the acquisition of oil and gas interests in Glasscock County, Texas (the “Acquisition”), and any remaining net proceeds will be used to fund a portion of the Company’s capital program and for general corporate purposes, including potential future acquisitions. The Permian Basin is located in West Texas and Southeastern New Mexico and comprises three primary sub-areas: the Midland Basin, the Central Basin Platform and the Delaware Basin.
