Parsley Energy, Inc. (PE) Position Lifted by Ameriprise Financial Inc.

Ameriprise Financial Inc. boosted its holdings in shares of Parsley Energy, Inc. (NYSE:PE) by 22.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 411,109 shares of the oil and natural gas company’s stock after buying an additional 74,960 shares during the period. Ameriprise Financial Inc. owned approximately 0.13% of Parsley Energy worth $10,829,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of the business. Dynamic Technology Lab Private Ltd grew its stake in Parsley Energy by 6.7% during the 2nd quarter. Dynamic Technology Lab Private Ltd now owns 9,056 shares of the oil and natural gas company’s stock valued at $251,000 after purchasing an additional 565 shares during the last quarter. Metropolitan Life Insurance Co. NY grew its stake in Parsley Energy by 14.1% during the 1st quarter. Metropolitan Life Insurance Co. NY now owns 5,949 shares of the oil and natural gas company’s stock valued at $193,000 after purchasing an additional 735 shares during the last quarter. Kennedy Capital Management Inc. grew its stake in Parsley Energy by 0.8% during the 2nd quarter. Kennedy Capital Management Inc. now owns 96,169 shares of the oil and natural gas company’s stock valued at $2,669,000 after purchasing an additional 738 shares during the last quarter. ProShare Advisors LLC grew its stake in Parsley Energy by 3.9% during the 2nd quarter. ProShare Advisors LLC now owns 20,637 shares of the oil and natural gas company’s stock valued at $573,000 after purchasing an additional 768 shares during the last quarter. Finally, Advisor Group Inc. grew its stake in Parsley Energy by 23.9% during the 2nd quarter. Advisor Group Inc. now owns 4,055 shares of the oil and natural gas company’s stock valued at $113,000 after purchasing an additional 781 shares during the last quarter. Institutional investors and hedge funds own 80.16% of the company’s stock.

A number of analysts have recently commented on the company. Barclays set a $32.00 target price on Parsley Energy and gave the stock a “buy” rating in a research note on Wednesday, October 11th. Zacks Investment Research upgraded Parsley Energy from a “sell” rating to a “hold” rating in a research note on Thursday, November 9th. Citigroup lowered their target price on Parsley Energy from $51.00 to $49.00 and set a “buy” rating on the stock in a research note on Friday, October 13th. J P Morgan Chase & Co lowered their target price on Parsley Energy from $44.00 to $38.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 15th. Finally, Northland Securities set a $36.00 target price on Parsley Energy and gave the stock a “buy” rating in a research note on Monday, December 11th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and twenty-four have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $39.17.

Parsley Energy, Inc. (NYSE:PE) opened at $26.84 on Wednesday. The stock has a market capitalization of $8,397.28, a P/E ratio of 70.29 and a beta of -0.05. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.25. Parsley Energy, Inc. has a 1 year low of $22.98 and a 1 year high of $37.72.

Parsley Energy (NYSE:PE) last issued its quarterly earnings results on Tuesday, November 7th. The oil and natural gas company reported $0.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.10 by $0.02. The company had revenue of $241.02 million for the quarter, compared to the consensus estimate of $234.58 million. Parsley Energy had a return on equity of 1.87% and a net margin of 3.22%. Parsley Energy’s revenue for the quarter was up 81.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.05 earnings per share. equities analysts forecast that Parsley Energy, Inc. will post 0.5 EPS for the current fiscal year.

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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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