Jerry Windlinger Purchases 1,985 Shares of Parsley Energy Inc (NYSE:PE) Stock

Parsley Energy Inc (NYSE:PE) Director Jerry Windlinger acquired 1,985 shares of Parsley Energy stock in a transaction on Wednesday, June 5th. The shares were bought at an average cost of $17.50 per share, with a total value of $34,737.50. Following the completion of the purchase, the director now owns 33,382 shares in the company, valued at $584,185. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

NYSE:PE remained flat at $$19.01 during mid-day trading on Monday. The company’s stock had a trading volume of 3,491,955 shares, compared to its average volume of 5,313,588. The business has a 50-day moving average price of $18.49. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.43 and a quick ratio of 0.43. Parsley Energy Inc has a one year low of $14.17 and a one year high of $33.25. The firm has a market capitalization of $6.17 billion, a P/E ratio of 13.48, a price-to-earnings-growth ratio of 0.35 and a beta of 0.53.

Parsley Energy (NYSE:PE) last released its quarterly earnings data on Wednesday, May 1st. The oil and natural gas company reported $0.22 EPS for the quarter, missing the consensus estimate of $0.23 by ($0.01). The company had revenue of $427.67 million during the quarter, compared to analysts’ expectations of $410.04 million. Parsley Energy had a net margin of 14.09% and a return on equity of 6.05%. The company’s revenue for the quarter was up 8.9% compared to the same quarter last year. During the same period last year, the business earned $0.31 earnings per share. As a group, equities research analysts predict that Parsley Energy Inc will post 1.54 earnings per share for the current fiscal year.

A number of large investors have recently bought and sold shares of PE. Deutsche Bank AG raised its holdings in shares of Parsley Energy by 795.5% during the fourth quarter. Deutsche Bank AG now owns 2,846,929 shares of the oil and natural gas company’s stock valued at $45,491,000 after buying an additional 2,529,006 shares during the last quarter. Norges Bank bought a new stake in shares of Parsley Energy during the fourth quarter valued at approximately $34,928,000. Zimmer Partners LP raised its holdings in shares of Parsley Energy by 320.0% during the fourth quarter. Zimmer Partners LP now owns 2,100,000 shares of the oil and natural gas company’s stock valued at $33,558,000 after buying an additional 1,600,000 shares during the last quarter. Mackenzie Financial Corp bought a new stake in shares of Parsley Energy during the fourth quarter valued at approximately $17,535,000. Finally, Dimensional Fund Advisors LP raised its holdings in Parsley Energy by 52.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,108,353 shares of the oil and natural gas company’s stock worth $49,668,000 after purchasing an additional 1,068,635 shares in the last quarter. Institutional investors and hedge funds own 82.30% of the company’s stock.

A number of research firms recently weighed in on PE. Robert W. Baird set a $22.00 price target on Parsley Energy and gave the stock a “buy” rating in a report on Thursday. Morgan Stanley set a $21.00 price target on Parsley Energy and gave the stock a “hold” rating in a report on Monday, June 24th. ValuEngine cut Parsley Energy from a “sell” rating to a “strong sell” rating in a report on Wednesday, June 12th. Zacks Investment Research cut Parsley Energy from a “buy” rating to a “hold” rating in a report on Thursday, May 16th. Finally, Evercore ISI upgraded Parsley Energy from an “in-line” rating to an “outperform” rating and set a $19.72 target price on the stock in a report on Monday, May 6th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, twenty-four have given a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $30.60.

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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