Kennedy Capital Management Inc. Has $2.67 Million Position in Parsley Energy, Inc. (PE)

Kennedy Capital Management Inc. lifted its stake in shares of Parsley Energy, Inc. (NYSE:PE) by 0.8% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 96,169 shares of the oil and natural gas company’s stock after buying an additional 738 shares during the quarter. Kennedy Capital Management Inc.’s holdings in Parsley Energy were worth $2,669,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in the stock. BlueCrest Capital Management Ltd raised its holdings in shares of Parsley Energy by 1.5% during the 1st quarter. BlueCrest Capital Management Ltd now owns 10,000 shares of the oil and natural gas company’s stock valued at $325,000 after buying an additional 143 shares during the period. American International Group Inc. raised its holdings in shares of Parsley Energy by 3.8% during the 1st quarter. American International Group Inc. now owns 4,858 shares of the oil and natural gas company’s stock valued at $158,000 after buying an additional 180 shares during the period. Envestnet Asset Management Inc. raised its holdings in shares of Parsley Energy by 6.8% during the 1st quarter. Envestnet Asset Management Inc. now owns 4,716 shares of the oil and natural gas company’s stock valued at $153,000 after buying an additional 300 shares during the period. Atria Investments LLC raised its holdings in shares of Parsley Energy by 3.2% during the 2nd quarter. Atria Investments LLC now owns 10,138 shares of the oil and natural gas company’s stock valued at $281,000 after buying an additional 315 shares during the period. Finally, US Bancorp DE raised its holdings in shares of Parsley Energy by 2.6% during the 1st quarter. US Bancorp DE now owns 18,180 shares of the oil and natural gas company’s stock valued at $591,000 after buying an additional 463 shares during the period. Institutional investors and hedge funds own 98.70% of the company’s stock.

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Shares of Parsley Energy, Inc. (PE) opened at 25.61 on Tuesday. Parsley Energy, Inc. has a 1-year low of $22.98 and a 1-year high of $39.82. The stock has a 50 day moving average price of $25.32 and a 200-day moving average price of $28.65. The company has a market cap of $6.34 billion, a P/E ratio of 143.07 and a beta of -0.07.

Parsley Energy (NYSE:PE) last announced its quarterly earnings data on Wednesday, August 2nd. The oil and natural gas company reported $0.05 EPS for the quarter, missing the Zacks’ consensus estimate of $0.11 by ($0.06). The firm had revenue of $213.68 million during the quarter, compared to the consensus estimate of $216.54 million. Parsley Energy had a net margin of 5.23% and a return on equity of 1.70%. The firm’s quarterly revenue was up 99.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.04 earnings per share. Analysts predict that Parsley Energy, Inc. will post $0.50 earnings per share for the current fiscal year.

PE has been the topic of several analyst reports. Stifel Nicolaus reiterated a “buy” rating and set a $46.00 target price on shares of Parsley Energy in a report on Sunday, September 3rd. Citigroup Inc. set a $50.00 target price on Parsley Energy and gave the company a “buy” rating in a report on Friday, July 21st. ValuEngine downgraded Parsley Energy from a “hold” rating to a “sell” rating in a report on Friday, September 1st. FBR & Co set a $42.00 target price on Parsley Energy and gave the company a “buy” rating in a report on Thursday, June 1st. Finally, Northland Securities set a $43.00 target price on Parsley Energy and gave the company a “buy” rating in a report on Monday, July 17th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and twenty-one have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $40.22.

Parsley Energy Profile

Parsley Energy, Inc is a holding company. The Company is an independent oil and natural gas company. The Company focuses on the acquisition, development and exploitation of unconventional oil and natural gas reserves in the Permian Basin. The Permian Basin is located in West Texas and Southeastern New Mexico and includes three primary sub-areas: the Midland Basin, the Central Basin Platform and the Delaware Basin.

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Institutional Ownership by Quarter for Parsley Energy (NYSE:PE)

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