Parsley Energy Inc Class A (NYSE:PE)’s Trend Up, Especially After Decreased Shorts

August 9, 2018 - By Kristin Houston

Investors sentiment increased to 1.12 in Q1 2018. Its up 0.11, from 1.01 in 2017Q4. It increased, as 46 investors sold Parsley Energy, Inc. shares while 90 reduced holdings. 48 funds opened positions while 104 raised stakes. 255.01 million shares or 1.42% more from 251.44 million shares in 2017Q4 were reported.
Regions Fincl owns 12,297 shares or 0% of their US portfolio. Ls Lc, Michigan-based fund reported 4,085 shares. Cadence Cap Limited invested in 7,873 shares or 0.01% of the stock. 1492 Cap Ltd Limited Liability Company owns 15,714 shares. Capital Fund Mgmt has 64,993 shares. Moreover, Tricadia Mgmt Ltd Company has 0.13% invested in Parsley Energy, Inc. (NYSE:PE). King Luther Management has 0.02% invested in Parsley Energy, Inc. (NYSE:PE). Verition Fund Limited Liability has 0.02% invested in Parsley Energy, Inc. (NYSE:PE) for 9,879 shares. Strs Ohio reported 2,857 shares stake. At Bankshares holds 0.07% or 24,235 shares in its portfolio. 17,926 are held by Alps Advisors Incorporated. Employees Retirement Association Of Colorado invested in 39,677 shares or 0.01% of the stock. Employees Retirement Systems Of Texas accumulated 529,000 shares or 0.21% of the stock. Impact Advsr Limited Liability Corporation holds 102,709 shares or 1.22% of its portfolio. Kazazian Asset Ltd Limited Liability Company has invested 0.38% of its portfolio in Parsley Energy, Inc. (NYSE:PE).

Since February 26, 2018, it had 3 buys, and 7 selling transactions for $3.59 million activity. $1.33 million worth of Parsley Energy, Inc. (NYSE:PE) shares were sold by Hinson Mike. $212,175 worth of Parsley Energy, Inc. (NYSE:PE) shares were sold by Roberts Colin. On Tuesday, February 27 the insider ALAMEDDINE A R bought $259,900. Another trade for 142,971 shares valued at $4.54M was made by Gallagher Matthew on Tuesday, May 8. Brokmeyer Ron bought $51,320 worth of Parsley Energy, Inc. (NYSE:PE) on Wednesday, February 28. Dalton Ryan also sold $1.93 million worth of Parsley Energy, Inc. (NYSE:PE) shares.

The stock of Parsley Energy Inc Class A (NYSE:PE) registered a decrease of 9.57% in short interest. PE’s total short interest was 18.86 million shares in August as published by FINRA. Its down 9.57% from 20.85M shares, reported previously. With 4.98 million shares average volume, it will take short sellers 4 days to cover their PE’s short positions. The short interest to Parsley Energy Inc Class A’s float is 9.31%.

The stock increased 0.23% or $0.07 during the last trading session, reaching $30.34. About 3.38M shares traded. Parsley Energy, Inc. (NYSE:PE) has declined 3.98% since August 9, 2017 and is downtrending. It has underperformed by 16.55% the S&P500.

Parsley Energy, Inc., an independent oil and natural gas company, engages in the acquisition, development, production, exploration, and sale of natural gas and crude oil properties in the Permian Basin in West Texas and Southeastern New Mexico. The company has market cap of $9.61 billion. As of December 31, 2016, its acreage position consisted of 138,567 net acres, including 95,072 net acres in the Midland Basin and 43,495 net acres in the Delaware Basin; and 146.7 net producing horizontal wells and 481.5 net producing vertical wells, as well an estimated proved oil and natural gas reserves were 222.3 MMBoe. It has a 51.86 P/E ratio.

Parsley Energy, Inc. (NYSE:PE) Ratings Coverage

Among 17 analysts covering Parsley Energy (NYSE:PE), 15 have Buy rating, 0 Sell and 2 Hold. Therefore 88% are positive. Parsley Energy had 26 analyst reports since February 15, 2018 according to SRatingsIntel. The rating was maintained by SunTrust on Monday, April 16 with “Buy”. The firm has “Buy” rating by Deutsche Bank given on Thursday, February 22. The firm has “Equal-Weight” rating given on Thursday, May 24 by Morgan Stanley. RBC Capital Markets maintained the shares of PE in report on Friday, April 13 with “Buy” rating. The stock of Parsley Energy, Inc. (NYSE:PE) has “Hold” rating given on Tuesday, April 3 by Seaport Global. The rating was maintained by Morgan Stanley on Friday, May 4 with “Equal-Weight”. Stifel Nicolaus maintained the stock with “Buy” rating in Wednesday, March 28 report. BMO Capital Markets maintained the stock with “Outperform” rating in Friday, May 4 report. Jefferies maintained the shares of PE in report on Wednesday, April 25 with “Buy” rating. Williams Capital Group maintained Parsley Energy, Inc. (NYSE:PE) rating on Thursday, February 22. Williams Capital Group has “Hold” rating and $34.0 target.

More news for Parsley Energy, Inc. (NYSE:PE) were recently published by: Seekingalpha.com, which released: “Hedges, Differentials And Pioneer’s Valuation” on August 07, 2018. Seekingalpha.com‘s article titled: “Parsley Energy (PE) Q2 2018 Results – Earnings Call Transcript” and published on August 08, 2018 is yet another important article.

Parsley Energy, Inc. (NYSE:PE) Institutional Positions Chart

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