Today, 25,000 Shares of Parsley Energy Inc. (PE) Stock are sold by Mike Hinson

Today, 25,000 Shares of Parsley Energy Inc. (PE) Stock are sold by Mike Hinson
Parsley Energy Inc. (NYSE:PE) insider Mike Hinson sold 25,000 shares of the firm’s stock in a transaction dated Monday, November 21st. The stock was sold at an average price of $36.18, for a total value of $904,500.00. Following the completion of the transaction, the insider now owns 446,653 shares of the company’s stock, valued at $16,159,905.54. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Mike Hinson also recently made the following trade(s): On Monday, November 7th, Mike Hinson sold 25,000 shares of Parsley Energy stock. The stock was sold at an average price of $34.05, for a total value of $851,250.00. On Friday, October 21st, Mike Hinson sold 25,000 shares of Parsley Energy stock. The stock was sold at an average price of $36.04, for a total value of $901,000.00. On Wednesday, October 5th, Mike Hinson sold 25,000 shares of Parsley Energy stock. The stock was sold at an average price of $35.13, for a total value of $878,250.00. On Monday, September 12th, Mike Hinson sold 25,000 shares of Parsley Energy stock. The stock was sold at an average price of $33.65, for a total value of $841,250.00.

Shares of Parsley Energy Inc. (NYSE:PE) opened at 35.92 on Friday. The firm’s market capitalization is $6.45 billion. The company’s 50 day moving average price is $35.03 and its 200-day moving average price is $30.86. Parsley Energy Inc. has a 12 month low of $14.51 and a 12 month high of $37.20.

Parsley Energy (NYSE:PE) last posted its earnings results on Wednesday, November 2nd. The company reported $0.03 EPS for the quarter, topping the Zacks’ consensus estimate of $0.02 by $0.01. The company had revenue of $132.67 million for the quarter, compared to the consensus estimate of $82.30 million. Parsley Energy had a positive return on equity of 0.24% and a negative net margin of 15.86%. Parsley Energy’s quarterly revenue was up 106.6% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.08) earnings per share. On average, equities analysts predict that Parsley Energy Inc. will post $0.11 earnings per share for the current fiscal year.

A number of hedge funds have recently bought and sold shares of the company. KBC Group NV bought a new stake in shares of Parsley Energy during the third quarter valued at about $104,000. Thompson Davis & CO. Inc. increased its stake in shares of Parsley Energy by 93.8% in the second quarter. Thompson Davis & CO. Inc. now owns 3,875 shares of the company’s stock valued at $105,000 after buying an additional 1,875 shares in the last quarter. Public Employees Retirement Association of Colorado bought a new stake in shares of Parsley Energy during the second quarter valued at about $131,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Parsley Energy by 15.5% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,994 shares of the company’s stock valued at $134,000 after buying an additional 535 shares in the last quarter. Finally, The Manufacturers Life Insurance Company bought a new stake in shares of Parsley Energy during the third quarter valued at about $167,000. Institutional investors own 85.44% of the company’s stock.

Several research analysts recently weighed in on PE shares. Zacks Investment Research upgraded Parsley Energy from a “hold” rating to a “buy” rating and set a $31.00 price target for the company in a research report on Wednesday, August 3rd. Imperial Capital lifted their price target on Parsley Energy from $34.00 to $40.00 and gave the company an “outperform” rating in a research report on Friday, August 5th. Barclays PLC lifted their price target on Parsley Energy from $30.00 to $36.00 and gave the company an “overweight” rating in a research report on Friday, August 5th. Goldman Sachs Group Inc. lifted their price target on Parsley Energy from $25.00 to $29.00 and gave the company a “neutral” rating in a research report on Monday, August 8th. Finally, Simmons reiterated an “overweight” rating and set a $38.00 price target (up from $33.00) on shares of Parsley Energy in a research report on Saturday, August 13th. Seven analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $32.25.

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