Trading Report: The Insider Selling: Parsley Energy Inc. (PE) Insider Sold $904,500.00 in Stock

The Insider Selling: Parsley Energy Inc. (PE) Insider Sold $904,500.00 in Stock

Parsley Energy Inc. (NYSE:PE) insider Mike Hinson sold 25,000 shares of the business’s stock in a transaction on Monday, November 21st. The shares were sold at an average price of $36.18, for a total transaction of $904,500.00. Following the completion of the sale, the insider now directly owns 446,653 shares of the company’s stock, valued at $16,159,905.54. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available 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 shares were sold at an average price of $34.05, for a total transaction of $851,250.00. On Friday, October 21st, Mike Hinson sold 25,000 shares of Parsley Energy stock. The shares were sold at an average price of $36.04, for a total transaction of $901,000.00. On Wednesday, October 5th, Mike Hinson sold 25,000 shares of Parsley Energy stock. The shares were sold at an average price of $35.13, for a total transaction of $878,250.00. On Monday, September 12th, Mike Hinson sold 25,000 shares of Parsley Energy stock. The shares were sold at an average price of $33.65, for a total transaction of $841,250.00.

Parsley Energy Inc. (NYSE:PE) opened at 35.81 on Monday. The firm’s 50-day moving average is $35.04 and its 200-day moving average is $30.95. The stock’s market cap is $6.43 billion. Parsley Energy Inc. has a 1-year low of $14.51 and a 1-year high of $37.20.

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

PE has been the subject of a number of research reports. Nomura upped their target price on shares of Parsley Energy from $31.00 to $36.00 and gave the company a “buy” rating in a report on Wednesday, August 17th. Stifel Nicolaus upped their target price on shares of Parsley Energy from $34.00 to $40.00 and gave the company a “buy” rating in a report on Tuesday, August 16th. Goldman Sachs Group Inc. upped their target price on shares of Parsley Energy from $25.00 to $29.00 and gave the company a “neutral” rating in a report on Monday, August 8th. FBR & Co initiated coverage on shares of Parsley Energy in a report on Tuesday, September 13th. They issued an “outperform” rating and a $41.00 target price for the company. Finally, KeyCorp increased their price target on shares of Parsley Energy from $36.00 to $37.00 and gave the stock an “overweight” rating in a report on Monday, August 22nd. Seven analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has assigned a strong buy rating to the stock. Parsley Energy has an average rating of “Buy” and a consensus price target of $32.25.

Several institutional investors have recently made changes to their positions in PE. Scout Investments Inc. boosted its position in shares of Parsley Energy by 92.5% in the third quarter. Scout Investments Inc. now owns 403,318 shares of the company’s stock valued at $13,515,000 after buying an additional 193,761 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in shares of Parsley Energy by 7.5% in the third quarter. Price T Rowe Associates Inc. MD now owns 6,982,455 shares of the company’s stock valued at $233,982,000 after buying an additional 485,543 shares in the last quarter. Quantitative Systematic Strategies LLC acquired a new position in shares of Parsley Energy during the third quarter valued at about $361,000. J.P. Marvel Investment Advisors LLC boosted its position in shares of Parsley Energy by 53.8% in the third quarter. J.P. Marvel Investment Advisors LLC now owns 58,191 shares of the company’s stock valued at $1,950,000 after buying an additional 20,345 shares in the last quarter. Finally, Cornerstone Capital Management Holdings LLC. boosted its position in shares of Parsley Energy by 72.4% in the third quarter. Cornerstone Capital Management Holdings LLC. now owns 6,247 shares of the company’s stock valued at $209,000 after buying an additional 2,624 shares in the last quarter. 91.24% of the stock is currently owned by institutional investors.

Parsley Energy Company Profile

Related posts

Leave a Comment